Eric Trump, the son of former US President Donald Trump, recently shared some noteworthy insights regarding Bitcoin. In a recent interview, he expressed his belief that Bitcoin has the potential to exceed $1 million in value over time.
He remarked on the promising future ahead by saying, “The prospects are remarkable. I anticipate an exceptional fourth quarter for numerous reasons. This is why I’m filled with enthusiasm.”
When questioned about Bitcoin’s price trajectory, Eric Trump commented, “I’ve consistently maintained that Bitcoin could eventually surpass $1 million. The initiation of quantitative easing tomorrow and an increase in money supply might hasten this development.”
Trump further emphasized the swift growth of global M2 money supply as a factor creating favorable conditions for cryptocurrency markets. He pointed out that historically, cryptocurrencies have performed best during the year’s final quarter and expects this trend to continue.
Currently, BTC is valued at approximately $109,000 and has experienced a 5.2% decline over the past week.
***;;#&35;&35;;This does not constitute investment advice;