Eric Trump, an American businessman, Executive Vice President of the Trump Organization and son of US President-elect Donald Trump, predicts that Bit will reach $1 million in the future.
On December 10, Eric gave an inspiring speech at the Bitcoin MENA event in Abu Dhabi, praising Bit as a "financial model" and describing it as a global asset.
He expressed confidence that the Bit price will reach $1 million in the future, emphasizing the potential of the leading cryptocurrency in terms of market capitalization to "transform the global economy in wonderful ways".
The businessman also predicted that many governments will adopt Bit in the coming years, noting that the pioneers will become the big winners.
In his important speech, Eric emphasized that Bit is "not just another asset" and "not just an investment", but rather a "global asset".
"It is a store of value, a hedge against inflation, a hedge against political instability, natural disasters, storms, fires, floods, tornadoes. That's why it's become so powerful".
Eric also praised the decentralized nature of Bit, operating without intermediaries, in stark contrast to the traditional financial system based on "thousands of bank employees processing paperwork with exorbitant fees". He emphasized the scarcity with the limited supply of 21 million BTC as an important factor in strengthening the value of Bit.
"I'm confident that Bit will hit $1 million. When that happens, the whole world will have to pay attention. And I think all of us in this room believe in that potential".
Eric is not the only one predicting that Bit will break the $1 million price mark. Big Bit bulls like Michael Saylor of MicroStrategy and Cathie Wood of ARK Invest have also emphasized Bit's potential to reach $1 million in the future.
According to Eric, the world is slow to adopt Bit, and that's no surprise, as other breakthrough technologies like email took quite a long time to become widely popular.
Created in 1970, email took 25 years to be widely adopted. He jokingly said that people are "as slow as turtles in adapting to new technology".
Eric shared that a close friend had told him Bit was "so funny" six months ago.
"Ironically, the bank he works for is one of the five largest banks in the world. They just set up a cryptocurrency trading desk and are investing hundreds of billions of dollars in cryptocurrency or creating ETFs every day," he said.
In addition to the bold $1 million prediction, Eric expressed confidence that Bit has the power to transcend borders and conquer institutions. According to him, those who do not adapt to technology will lose.
"We will see banks and governments have to adapt. Those who embrace Bit and this digital revolution, along with the early adopters, will be the winners".
Concluding his important speech, Eric congratulated the Bit community for BTC surpassing $100,000 for the first time on December 5.
"Bit players, I love you all. The Trump family loves you. It's an honor to be here today," he said.
Disclaimer: This article is for informational purposes only and not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.
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Dinh Dinh
According to Cointelegraph
