Eric Trump, son of President-elect Donald Trump and vice president of the Trump Organization, predicts that Bitcoin (BTC) will one day break the $1 million mark per coin. Speaking at the Bitcoin MENA event in Abu Dhabi on December 10, he highlighted Bitcoin’s power as a global financial instrument and praised the cryptocurrency’s unique scarcity.
Bitcoin as a global financial asset
In his keynote speech, Trump called Bitcoin more than a traditional investment. He described it as a “global asset” that acts as a store of value and provides protection against inflation, political instability and natural disasters.
“Bitcoin is not just an asset, it is a hedge against economic uncertainty,” Trump said. He emphasized that Bitcoin does not require intermediaries such as banks and praised the decentralized structure of the network.
“The scarcity of Bitcoin, with a maximum supply of 21 million coins, makes it unique. This is what will continue to support its value in the long term,” he added. Trump predicted that more governments and institutions will embrace Bitcoin in the future, with early adopters reaping the biggest benefits.
Comparison with the rise of email
Trump compared Bitcoin’s slow adoption to the rise of email in the 1970s. “It took 25 years for email to be widely adopted. Bitcoin will follow the same trajectory,” Trump said. He pointed out that many traditional financial institutions are now considering crypto integrations, despite initial skepticism.
An example of this is a friend who previously derisively referred to Bitcoin as “funny money,” but now works at a major bank that is embracing crypto assets. According to Trump, this illustrates how quickly the perception of Bitcoin can change.
Bitcoin’s potential as a global catalyst
Trump also highlighted Bitcoin’s role in transforming global financial markets. He predicted that institutions and governments will be forced to adapt to this new digital reality. “Those who embrace this revolution early will win,” he said.
Trump concluded by congratulating the Bitcoin community for reaching the historic milestone of $100,000 earlier this month. “The Trump family stands behind Bitcoin and we are excited about the future of this technology,” he said.
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Source: https://newsbit.nl/eric-trump-bitcoin-gaat-naar-1-miljoen-dankzij-schaarste/
