- The sons of US President Donald Trump have predicted that Bitcoin (BTC) could hit $175,000 by the end of next year.
- Eric Trump has hinted that there is a growing institutional demand with many seeking to establish a Bitcoin Treasury strategy.
Don Jr. and Eric Trump, the sons of the US President Donald Trump, have made a bold prediction for Bitcoin (BTC), tipping the asset to hit an average of $170k by the end of 2026.
At the Bitcoin conference held in Las Vegas, Nevada, Don Jr. highlighted that the value could rotate between $150k and $175k.
Agreeing with what he said, Eric Trump also pointed out that the demand for Bitcoin has increased significantly, and could make a 0.1 BTC worth a fortune.
Every single day, people are allocating billions and billions of dollars to it. You know, 0.1 Bitcoin is going to be worth an absolute fortune.
The Bitcoin conference also witnessed the presence of several high-profile figures, including US Vice President JD Vance and Senator Cynthia Lummis, as featured in our earlier news story.
The value of Bitcoin is currently moving around $108k, after declining by 0.23% in the last 24 hours and 2% in the last seven days. On May 22, Bitcoin was trading at an all-time high price of $111,390. According to analysts, this was an almost 45% surge from the early April level when Bitcoin took a surprising U-turn from its bearish trajectory.
Booming Trump Crypto Ventures and Growing Bitcoin Interest
Over the past several months, the Trump family has been strongly involved in multiple crypto projects, including Decentralized Finance (DeFi) projects like World Liberty Financial and mining company American Bitcoin.
Recently, a Trump-led data firm, American Data Centers, joined hands with American Bitcoin to go public via a SPAC merger. Meanwhile, World Liberty Financial is also expected to launch a stablecoin soon. As detailed in our earlier discussion, World Liberty Financial has equally signed an agreement with the Pakistan Crypto Council for DeFi growth.
Additionally, Trump’s Media and Technology Group which currently operates the Truth Social and Truth.Fi has been listed by NASDAQ. Above all, it is seeking to start a Bitcoin Treasury by raising $2.5 billion. Fascinatingly, Eric has hinted that most of their crypto decisions and transitions to this height were assisted by the founder of MicroStrategy, Michael Saylor. At some point, Saylor was reported to have engaged Trump to ensure that the Mar-a-Lago resort is mortgaged to invest in Bitcoin.
Do what I’m doing. There’s such an incredible opportunity. I’ve never seen that in any other industry where you have the titan of the industry that’s literally advocating for smart people to compete against them.
With the recent institutional interest in Bitcoin, Eric has highlighted that his involvement in the industry has helped him to understand that many institutions are creating Bitcoin Treasury strategies.
And this isn’t just in America. This is, you know, the entire Middle East. This is Africa. This is all of Asia. Everybody wants it. No one wants to get rid of it.
In a recent update, CNF discussed an interview granted by Eric where he hinted that his father “holds a lot of Bitcoin.” Interestingly, Eric believes that crypto is the future, and it would be in the interest of Banks to adopt it or face extinction, as also mentioned in a previous blog post.
