‘Everyone wants Bitcoin’ – Eric Trump repeats $1 mln prediction as holders stay strong
Key takeaways
Eric Trump repeated his daring $1 million Bitcoin prediction, citing hovering institutional demand and lagging mainstream adoption as key drivers.
Eric Trump isn’t backing down from one in all Bitcoin’s [BTC] boldest predictions but.
At a latest occasion, he reaffirmed his view that BTC is headed for $1 million, “with out query.”
His confidence comes at a time when LTHs stay unfazed, with traders who purchased close to the 2021 peak nonetheless holding sturdy. Maybe the worth flooring are sturdier than the skeptics assume.
Eric Trump predicts BTC to $1 mln
On the Bitcoin Asia 2025 convention in Hong Kong, Eric Trump, co-founder of “American Bitcoin,” made it clear that he sees no ceiling in sight for BTC.
Reaffirming his $1 million value goal, Trump pointed to adoption that stretches from nation-states to Fortune 500 giants and rich households, all racing to safe their share of the digital asset.
He said,
“You’ve received nation states which are shopping for the hell out of Bitcoin. You’ve received Fortune 500 firms which are shopping for the hell out of Bitcoin. You’ve received the largest households, you’ve received the largest firms on Earth that consider on this digital retailer of worth.”
Regardless of the rising urge for food, he argued that Bitcoin traders are nonetheless “early,” with mainstream adoption but to really start.
For Trump, that hole between institutional demand and broader public participation is strictly what makes Bitcoin’s future so explosive.
He went on so as to add,
“All people needs Bitcoin. All people is shopping for Bitcoin.”
LTHs maintain the road
It’s not simply establishments making waves. On-chain information exhibits Bitcoin’s long-term believers are serving to the market from beneath.
The 6-12 month UTXO band has held above 20% dominance, a stage not seen for the reason that 2021 peak.
This implies a large group of traders who purchased close to Bitcoin’s earlier all-time highs are nonetheless sitting tight, unwilling to promote even with present costs properly above $100,000.
Supply: CryptoQuant
This creates a robust psychological ground: in the event that they didn’t capitulate then, they’re unlikely to take action now.
Supply: TradingView
