<img src="https://bitcoinmagazine.com/.image/c_fit%2Ch_800%2Cw_1200/MjExMzAzNTkyNDU0MjY4MDYz/eric-trump-confident-bitcoin-price-will-hit-1-million.jpg” />
Eric Trump, a prominent American businessman, executive vice president of the Trump Organization and son of the president-elect of the United States, Donald Trump, made a surprising prediction in the bitcoin MENA Event in Abu Dhabi on December 10. He confidently stated that bitcoin will one day reach a value of $1 million per btc.
“I'm sure bitcoin will reach $1 million.”
<blockquote class="twitter-tweet”>
ONLY IN: President Donald Trump's son Eric Trump says: “I'm sure <a target="_blank" href="https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin “It's going to reach a million dollars.” pic.twitter.com/1SqScvddl2
– bitcoin Magazine (@BitcoinMagazine) <a target="_blank" href="https://twitter.com/BitcoinMagazine/status/1866447233237000610?ref_src=twsrc%5Etfw”>December 10, 2024
Trump's keynote speech showcased his belief in bitcoin as a revolutionary “financial paradigm” with the potential to reshape the global economy. He expressed his certainty that its value will skyrocket in the coming years.
bitcoin: an asset and a global coverage
Trump described bitcoin as much more than a typical asset, emphasizing its role as a “global asset” that protects against economic uncertainty and unforeseen disruptions.
“It is a store of value. It is a protection against inflation. It's a protection against political turmoil, political instability, acts of God, hurricanes, fires, floods, tornadoes, guys. “That’s what makes it so powerful.” Trump stated.
He also highlighted bitcoin's decentralized system, which operates without traditional intermediaries, contrasting it with the inefficiencies and high fees associated with conventional financial systems.
Scarcity Driver Value
Trump pointed to bitcoin's fixed supply of 21 million as a critical factor behind its enduring appeal. Scarcity, he argued, is a defining characteristic that ensures its long-term value and puts it in a league of its own.
A family pattern of adoption
Drawing parallels to the slow adoption of innovative technologies like email, Trump argued that hesitancy to embrace change is nothing new. He shared a story about a friend who discarded bitcoin only to see his own bank adopt it shortly after.
“People take a long time to adapt to new technologies” Trump commented, stressing the importance of early adoption.
The future belongs to those who adapt
Trump's confidence extended beyond price predictions, as he predicted a world where businesses and governments would have to adapt to bitcoin's growing influence. He stated that early adopters will reap the fruits of this transformation.
“We are going to see that banks have to adapt. We are going to see that governments have to adapt, and governments will adapt. (…) Those who adopt bitcoin, those who adopt this digital revolution, those who adopt digital currency, the people who get there early will be the ones who will win.”
Trump concluded his speech with a celebratory message, acknowledging bitcoin's recent milestone of surpassing $100,000 for the first time.
“Bitcoiners, I love you. The Trump family loves you. “It is truly a great honor to be here today.” said.
Watch the live stream from Day 2 of the bitcoin MENA 2024 conference. With leading bitcoin industry figures in the Middle East, North Africa and around the world, bitcoin MENA is driving the next chapter of global bitcoin adoption!
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