3 hours ago
JACKSON HOLE, Wyo. — U.S. President Donald Trump’s son, Eric Trump, is convinced bitcoin (BTC) volition yet beryllium worthy implicit $1 million.
Trump, who co-founded bitcoin mining institution American Bitcoin earlier this year, reiterated his excitement for bitcoin during an quality astatine the SALT league successful Jackson Hole connected Wednesday.
He adjacent called himself a “bitcoin maxi.”
The businessman and enforcement vice president of the Trump enactment said helium present spends implicit 50% of his clip connected crypto projects.
He said helium believes that the crypto plus volition beryllium worthy $175,000 a token by the extremity of the year, sticking with his earlier prediction.
Trump told respective idiosyncratic stories pointing retired what helium described arsenic the flaws of the existent fiscal strategy and however bitcoin and blockchain exertion tin lick those issues, including faster transactions and outgo settlements.
American Bitcoin, which merged with Eric and his member Donald Trump Jr-owned American Data Center successful March, is expected to spell nationalist connected Nasdaq via a merger with Gryphon Digital Mining (GRYP).
The brothers ain 20% of the institution portion bitcoin miner Hut 8 holds the remaining 80%.
Trump's comments came hours aft Coinbase CEO Brian Armstrong made a akin prediction.
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