Axios revealed President Trump's ambition to take Bitcoin above US$150,000, considering it a “stock market” benchmark. At the Bitcoin MENA event, Eric Trump called Bitcoin a transformative financial asset, predicted its value could reach US$1 million, and urged governments and banks to embrace the cryptocurrency. .
According to Axios, unnamed sources have claimed that President Trump “hopes” for Bitcoin to reach US$150,000 (A$235,000) during his presidential term, and will closely monitor the cryptocurrency. He said that he views the market as a kind of “stock market.''
As we all know, since Trump won the presidential election in November, Bitcoin has risen from around $68,000 to a high of $103,000. President Trump also acknowledged the milestone in a post on Truth Social, congratulating Bitcoin holders and hinting at his administration's potential influence over the market.
Related: SEC plans to reject Solana ETF in Gensler's final crypto crackdown, Bloomberg analyst says
Source: TruthSocial
Axios also reported that President Trump intends to push for crypto-friendly regulations, including appointing Paul Atkins to head the U.S. Securities and Exchange Commission. Atkins is the founder of consulting firm Patomac Global Partners and has been working on crypto exchanges and decentralized finance (DeFi) platforms for several years.
Cryptocurrency is the future, says Eric Trump
Eric Trump, the president-elect's son and executive vice president of the Trump Organization, echoes his father in defending Bitcoin. He echoed his family's enthusiasm for BTC and cryptocurrencies during his keynote speech at the Bitcoin MENA event in Abu Dhabi on December 10th.
He called Bitcoin a “financial paradigm” and a transformative global asset, predicting it would eventually reach US$1 million (AU1.55 million) per coin, compared to Michael Saylor's US$13 million (AU1.55 million). ), this is still a fairly conservative prediction. 20 million dollars per BTC).
Related: 300% surge in XRP prompts shift in corporate financial strategy
Looking to the future, Eric Trump expressed confidence in Bitcoin's capabilities, including cross-border payments for individuals and institutions, even urging governments and banks to adapt as cryptocurrencies are “the future.” .
Eric Trump likened the adoption of Bitcoin to the gradual acceptance of email, which took 25 years to reach widespread adoption. He shared anecdotes, including one about how a skeptical bank friend subsequently embraced cryptocurrencies by setting up a crypto trading desk and investing heavily in digital assets.
