Trump's sons endorse prediction of Bitcoin reaching $170,000 - Attributing the encouragement to Michael Saylor
At the 2025 Bitcoin conference in Las Vegas, Donald Trump Jr. and Eric Trump shared an optimistic view on Bitcoin's potential future.
Trump Brothers Predict Bitcoin Rise
Eric Trump predicted Bitcoin could surge to extraordinary heights, potentially reaching $150,000-$175,000 by 2026, and joked that it might "go to the moon" as early as the next year. Donald Trump Jr. echoed this sentiment by predicting a similar price range.
Eric highlighted the increasing demand for Bitcoin, with billions of dollars invested in it daily. Given the shortage of Bitcoins in circulation, even a minimal holding could become exceptionally valuable.
"Every day, people are allocating billions to it. Even 0.1 BTC will be worth a fortune."
Saylor Sparks Enthusiasm
Michael Saylor, Executive Chairman of Strategy, played a significant role in fueling the Trump siblings' favorable outlook on cryptocurrency. Eric shared that Saylor encouraged them to take bold risks, even suggesting they mortgage Mar-a-Lago to invest in Bitcoin.
Inspired by Saylor's influence, Trump Media has launched a $2.5 billion initiative to build a Bitcoin treasury.
Criticism of Traditional Banks
Eric also expressed strong criticism of traditional banks, claiming to have been "debanked" and labeling the system as "corrupt."
Market Dynamics and the Future of Bitcoin
This prediction was made while Bitcoin was trading near $108,456, showing a minor 0.54% decline in the last 24 hours, according to CoinMarketCap. Despite this temporary drop, the Relative Strength Index (RSI) remained above 50, indicating that bullish momentum still outweighed bearish pressure.
American Bitcoin, a mining firm co-founded by Eric Trump, has recently announced plans to go public. If Bitcoin continues its growth above $100,000, this move could potentially generate gains exceeding 180%.
However, critics warn that mining costs, particularly hardware expenses, could range from $80,000 to $90,000 per Bitcoin. This high cost adds complexity to the changing market, making profitability more challenging for miners.
Global institutions, royal families, and private offices are increasingly adopting Bitcoin treasury strategies, as the market faces potential regulatory challenges and market volatility.
- In line with Donald Trump Jr.'s prediction, Bitcoin's price could reach similar heights to the one Eric Trump mentioned, potentially surpassing $150,000-$175,000.
- Michael Saylor's influence was instrumental in sparking the Trump siblings' favorable view on cryptocurrency, with Eric revealing that Saylor even suggested mortgaging Mar-a-Lago to invest in Bitcoin.
- American Bitcoin, a mining firm co-founded by Eric Trump, is planning to go public, anticipating gains exceeding 180% if Bitcoin continues its growth above $100,000.
- The entertainment industry has also jumped onto the Bitcoin bandwagon, with many global institutions, royal families, and private offices adopting Bitcoin treasury strategies, despite the challenges posed by market volatility and potential regulatory changes.
