Overview

• Speaking at Bitcoin Asia in Hong Kong on Aug. 29, Eric Trump said he believes Bitcoin will reach $1 million within the next several years.
• He urged a buy-and-hold approach, telling the audience to purchase now, treat volatility as a friend, and hold for five years.
• Trump framed his thesis on provable scarcity and expanding ownership channels, claiming growing participation by nation states, Fortune 500 firms, sovereign wealth funds, major banks, and retirement accounts.
• He highlighted his own crypto ties, asserting that American Bitcoin produces about 3% of daily BTC, operates in Texas with low power costs, and plans a Nasdaq listing soon, while also promoting ventures such as World Liberty Financial.
• Coverage noted Bitcoin trading near $110,000 after a mid-August record around $124,000, and pointed to Trump-family crypto businesses as potential incentives behind his bullish advocacy.