 ▲ Eric Trump, Bitcoin (BTC) / ChatGPT-generated image |
Eric Trump reaffirmed Bitcoin’s (BTC) $1 million price target at the Mar-a-Lago forum, signaling strong upward momentum for the virtual asset market.
According to cryptocurrency media outlet The Crypto Basic on February 19 (local time), Eric Trump attended the Mar-a-Lago forum and once again emphasized his long-standing prediction that Bitcoin’s price will reach $1 million in the long term. Trump argued that digital assets will play a key role as an alternative to the traditional financial system, expressing strong confidence in the growth of the virtual asset ecosystem.
Trump strongly criticized the current banking system, comparing it to a Ponzi scheme. He pointed out that traditional financial institutions are losing transparency within their centralized structures and explained that the decentralization and security offered by Bitcoin will become the standard for future finance. He stressed that virtual assets go beyond being mere investment vehicles and can serve as alternatives that address the shortcomings of institutional finance.
Aligned with the pro-virtual asset policies of U.S. President Donald Trump’s administration, these remarks are drawing significant market attention. With the likelihood of the U.S. cryptocurrency market structure bill (CLARITY) passing estimated at 90%, statements from the president’s family are expected to further accelerate regulatory clarity and institutional capital inflows. The continued accumulation of Bitcoin by major holders such as Strategy also supports Trump’s outlook.
Market experts analyze that Eric Trump’s remarks will provide strong psychological support for both retail and institutional investors. As capital inflows through Bitcoin spot ETFs continue steadily and the tokenized real-world asset market expands rapidly, his comments are expected to serve as a catalyst for redefining the asset value of virtual assets. Trump suggested that digital assets will become a new source of competitiveness for the U.S. economy and expressed his intention to continue supporting the expansion of the ecosystem.
The virtual asset market appears ready to enter a new growth cycle, backed by the Trump administration’s pro-market stance and legislative support. The $1 million target presented by Eric Trump is interpreted not merely as a prediction but as a figure reflecting the convergence of policy direction and market expectations. Investors are closely watching how forthcoming virtual asset promotion policies and changes in supply and demand will reshape Bitcoin’s price history.
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