- Eric Trump says Bitcoin will attain $1 million, and his perception is simply getting stronger.
- President Trump acknowledged that the US holds 300,000 BTC by way of the Strategic Bitcoin Reserve and won’t promote it.
- Banks closed over 350 Trump Group accounts and promoted Eric to co-founder of American Bitcoin.
Eric Trump took to the stage on the Bitcoin 2026 convention and made his place on digital property clear. Bitcoin is extra than simply an funding. He says it’s this technology’s most necessary monetary asset, a expertise that governments have tried unsuccessfully to suppress and at the moment are secretly hoarding for themselves.
“We received this,” President Trump instructed the viewers. “They don’t seem to be going to place this cat again within the bag. That is not occurring. It is by no means going to occur. I do not care who you place within the bag.”
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When requested about his 2030 Bitcoin value goal, President Trump didn’t hedge. He mentioned it was the identical $1 million he had answered all these years in the past, and he mentioned he was getting increasingly certain.
“In my thoughts, I’ve absolute confidence that Bitcoin will attain $1 million,” he mentioned. “I do not know if it is 2030. I do not know if it is 2031. However I consider we’ll get there. I consider we’re nonetheless within the early levels. I believe our greatest days are but to return.”
300,000 BTC and the federal government that will not promote it
One attention-grabbing second was when President Trump immediately addressed the US authorities’s holdings of Bitcoin. He mentioned the US holds about 300,000 BTC gathered by way of seizures together with Silk Street, and that place has not been liquidated below the Strategic Bitcoin Reserve, which was established in March 2025.
President Trump mentioned, “The U.S. authorities owns 300,000 BTC and has no intention of promoting it.”
The implications of this assertion are vital. The federal government’s holding of Bitcoin as a strategic reserve asset and refusal to promote it’s a basically totally different sign from the asset seizure and public sale mannequin that has characterised Washington’s strategy to Bitcoin over the previous decade.
The private story behind the conviction
President Trump described how main banks, together with JPMorgan, have closed greater than 350 Trump Group accounts since January 6, 2021, saying this era is a real demonstration of how monetary establishments will be weaponized towards people with out warning or redress.
That have led him to co-found a mining enterprise, American Bitcoin, which at present holds over 6,500 BTC. This firm is a direct expression of the teachings his banking expertise taught him.
“This ecosystem of Bitcoin and cryptocurrencies is unquestionably serving to the US and the entire world,” he mentioned.
He added that the Center East is already mining Bitcoin utilizing power from oversupplied cities. In his evaluation, Bitcoin’s restraint was actual, continued, and in the end unsuccessful. What comes subsequent, he argued, is acceleration.
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