Eric Trump Remains Hopeful Amid Crypto Chaos
In the midst of the current downturn in the crypto market, Eric Trump expresses a positive outlook on cryptocurrency, referring to it as the “asset class of this generation.” In a recent interview, Eric shared his unwavering conviction in Bitcoin, forecasting that the digital asset could reach $1 million, while labeling it as one of the top-performing asset classes. “We still are, I’m a huge proponent of Bitcoin.” I believe it will reach a million dollars. It’s arguably one of the top-performing asset classes out there. Looking back two years, Bitcoin was priced at $16,000. So, where does it stand today? “around $70,000?” Eric stated. Notably, the crypto markets have faced significant pressure over the past six months. Bitcoin, having reached its historic high of $126,198 in October 2025, has experienced a significant decline, now hovering around $70,000. As of the latest update, BTC is priced at $67,202, reflecting a decrease of 1 percent, accompanied by a 24-hour trading volume of $33.33 billion. Despite maintaining its position as the largest cryptocurrency by market capitalisation, Bitcoin’s total market cap has dipped below the $2 trillion threshold, now standing at $1.34 trillion, according to data.
In light of the current fluctuations in Bitcoin’s price, Eric noted the significant volatility but expressed a positive outlook regarding its future prospects. Over the past decade, Bitcoin has seen an average annual increase of 70 percent. Over the past ten years, can you identify any asset class that has outperformed Bitcoin? “And now, obviously, you have lots of volatility,” Eric stated. He did, however, suggest that investors looking for reduced volatility might consider exploring alternative options. “If you’re not looking for volatility, then perhaps you should consider investing in some Munis, enjoy yourself, and maybe put your money into some Treasuries.” Expect volatility with an asset that holds significant potential, but I have never felt more optimistic about Bitcoin than I do now. “I have never been more bullish on a cryptocurrency in my life,” he added.
In a discussion about the growing acceptance of cryptocurrencies, Eric highlighted that nearly all significant financial institutions in the US have now entered the crypto space. “Whether it be Fidelity, whether it be Charles Schwab, whether it be JP Morgan, whether it be Goldman Sachs—go down the list, every single one of them are adopting cryptocurrencies,” he said. Eric highlighted that these institutions, previously reluctant to adopt crypto, are now enthusiastically investing their private wealth clients in cryptocurrency. “They are now willing to allocate Treasury cryptocurrencies, transitioning their private wealth clients into cryptocurrencies after previously advising them to invest exactly zero into this asset class.” He said “Then it was 2 per cent, now all of a sudden it’s 5-6 per cent, and that number keeps on climbing.”
Michael Saylor stated earlier in November 2025 that volatility is the “vitality” of Bitcoin. He argued that the sharp price swings are essential to its long-term performance and the opportunities they create for investors. This statement emerged as Bitcoin experienced a decline of more than 31 percent from its peak in October 2025, settling at the $86,800 mark. Expanding on his argument, Saylor, in a discussion, remarked that in a scenario where Bitcoin provided consistent, reliable returns, “Warren Buffett would own all of it and there wouldn’t be an opportunity for us.”
