- Axios revealed Trump’s ambition for Bitcoin to surpass US$150K, viewing it as a “stock market” benchmark.
- At the Bitcoin MENA event, Eric Trump called Bitcoin a transformative financial asset, predicting its value could reach US$1M and urging governments and banks to embrace cryptocurrencies.
According to Axios, an anonymous source claimed Trump “would love” to see Bitcoin reach US$150K (AU$235K) during his presidency, viewing the cryptocurrency as a kind of “stock market” to monitor closely.
As we all know, Bitcoin has risen from around US$68,000 to a peak of US$103,000 since Trump won the election by a landslide victory in November. Trump even acknowledged the milestone in a post on Truth Social, congratulating Bitcoin holders and hinting at his administration’s potential influence on the market.
Related: SEC Set to Reject Solana ETFs in Gensler’s Final Crypto Crackdown, Says Bloomberg Analyst
Axios also reported that Trump intends to promote crypto-friendly regulations, including nominating Paul Atkins to lead the US Securities and Exchange Commission. Atkins is the founder of the consulting firm Patomak Global Partners and has worked with cryptocurrency exchanges and decentralised finance (DeFi) platforms for several years now.
Cryptocurrencies Are the Future, Says Eric Trump
Eric Trump, son of the president-elect and executive vice president of the Trump Organization, is also championing Bitcoin like his dad. He echoed the family’s enthusiasm for BTC and crypto during his keynote speech at the Bitcoin MENA event in Abu Dhabi on December 10.
He called Bitcoin a “financial paradigm” and a transformative global asset, predicting it would eventually reach US$1M (AU$1.55M) per coin, which is still quite a conservative prediction if you compared it to Michael Saylor’s wild US$13M (AU$20M) per BTC.
Related: XRP’s 300% Surge Prompts Shift in Corporate Treasury Strategies
Looking ahead, Eric Trump expressed confidence in Bitcoin’s abilities, including cross-border payments for individuals and institutions, and even urged governments and banks to adapt to cryptocurrencies as they are “the future”.
Eric Trump compared Bitcoin’s adoption to the gradual acceptance of email, which took 25 years to gain widespread use. He shared anecdotes, including one about a skeptical friend whose bank has since embraced cryptocurrencies by creating a crypto trading desk and investing heavily in digital assets.
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