Overview

• Speaking with David Bailey at the Bitcoin Asia conference in Hong Kong, Eric Trump urged investors to buy now and hold for five years as he called $1 million Bitcoin inevitable.
• He grounded the outlook in Bitcoin’s fixed 21 million supply and growing institutional and retirement-plan access, with BTC trading near $108,000 to $110,000 during coverage.
• Trump promoted his mining venture American Bitcoin, saying it produces about 3% of daily BTC, targets roughly a $37,000 mining cost using low-cost Texas power, and aims to list on Nasdaq soon.
• Coverage notes the family’s broader crypto footprint, including a DeFi platform, a stablecoin initiative, Trump Media’s plans to buy Bitcoin and applications for spot BTC and ETH ETFs, and a miner backed with Hut 8 preparing to go public.
• CNN’s Erin Burnett expressed astonishment at the $1 million call, and Forbes’ Dan Alexander estimated roughly $3.5 billion of President Donald Trump’s fortune is tied to crypto-related projects.