President Donald Trump’s son, Eric Trump, has issued several impressive statements about Bitcoin. Speaking during the interview, Trump said he believes Bitcoin will exceed $1 million in the long term.
“The future is incredible. I think the Q4 is extraordinary for a variety of reasons, which is why I’m very excited.”
When asked about the direction of Bitcoin’s price, Trump said, “I’ve always said that Bitcoin will surpass $1 million over time. Starting tomorrow, the announcement of quantitative easing and an increase in money supply could accelerate that process.”
Trump also highlighted the rapid rise in global M2 money supply, claiming that this has created a positive environment for the crypto market. He said that historically, the last quarter of the year has been the strongest time for cryptocurrency, and he added that he expects a similar pattern this year.
At the time of writing, the BTC price has traded around $109,000, losing 5.2% of its value in the past seven days.
*This is not investment advice.
