JACKSON HALL, WY — President Donald Trump’s son, Eric Trump, believes Bitcoin will ultimately be worth more than $1 million.
Trump, who co-founded Bitcoin mining company American Bitcoin earlier this year, reiterated his excitement about Bitcoin when he appeared at the Salt Conference in Jackson Hole on Wednesday.
He even called himself “Bitcoin Maxi.”
The Trump organization’s businessman and executive vice president said he currently spends more than 50% of his time on crypto projects.
He said he believes the crypto assets are worth a $175,000 token by the end of the year and is sticking to his previous predictions.
Trump has spoken several personal stories that point to what he described as flaws in the current financial system and how Bitcoin and blockchain technology can solve these issues, including faster transactions and payment settlements.
American Bitcoin, which merged with Eric and his brother Donald Trump JR-owned American Data Center in March, is set to unveil NASDAQ through a merger with Griffon Digital Mining (GRYP).
The brothers own 20% of the company, while Bitcoin Minor Hat 8 owns the remaining 80%.
Trump’s comments came hours after Coinbase CEO Brian Armstrong made a similar prediction.
