SKN | Eric Trump Reaffirms $1 Million Bitcoin Vision as Prices Hover Below $70K

Key Points

•  Eric Trump renewed his prediction that bitcoin will eventually reach $1 million, saying he has “never been more bullish.”

•  Speaking at the World Liberty Financial forum at Mar-a-Lago, he highlighted bitcoin’s roughly 70% average annual return over the past decade.

•  His comments come as bitcoin trades below $70,000 and well off its 2025 peak above $126,000.

Long-Term Conviction Despite Volatility

Eric Trump reiterated his bold $1 million bitcoin forecast, arguing that recent price volatility does little to undermine the cryptocurrency’s long-term trajectory.

Speaking at the World Liberty Financial forum in Palm Beach, Trump described bitcoin as one of the best-performing asset classes of the past decade. He pointed to its historical compound annual growth rate of roughly 70%, challenging critics to identify another asset class that has delivered comparable returns.

Bitcoin is currently trading below $70,000, a significant pullback from its late-2025 all-time high above $126,000. Despite the retracement, Trump framed the drawdown as typical volatility in an asset with asymmetric upside potential. “You’re going to have volatility with something that has tremendous upside,” he said, emphasizing that he remains structurally bullish.

From $16K to $70K — The Performance Argument

Trump referenced bitcoin’s climb from roughly $16,000 two years ago to current levels near $67,000, underscoring the scale of its recovery cycles. While the asset closed 2025 around $88,750 after peaking earlier in the year, its multi-year trend remains positive by traditional performance metrics.

His renewed forecast builds on previous remarks in 2025 when he projected bitcoin could reach $175,000 before eventually climbing to $1 million. The $1 million target implies a market capitalization approaching $20 trillion, positioning bitcoin alongside gold in terms of macro-scale asset valuation.

Crypto’s Expanding Political and Institutional Role

The remarks were delivered at an event tied to World Liberty Financial, a crypto-focused venture backed by the Trump family. The project reflects the family’s growing involvement in digital asset infrastructure, stablecoins and broader blockchain initiatives.

Bitcoin’s political profile has expanded alongside institutional adoption, with digital assets increasingly part of mainstream economic and policy discussions.

While some analysts remain cautious about near-term price action — citing macro headwinds, liquidity tightening and weaker retail participation — long-term advocates argue that structural adoption continues beneath the surface.

Bullish Narrative vs. Market Reality

Bitcoin remains below the psychologically important $70,000 level, struggling to reclaim resistance amid broader risk-asset volatility. Institutional ETF flows have stabilized but not surged, and derivatives positioning suggests cautious sentiment.

Still, proponents like Trump frame the current phase as consolidation rather than structural breakdown.

Whether the $1 million thesis materializes will depend on adoption curves, monetary policy dynamics, regulatory clarity and bitcoin’s evolving role as either a risk asset or macro hedge.
For now, the divergence between long-term conviction and short-term price weakness continues to define the market narrative.