Eric Trump, son of former US President Donald Trump, recently made waves in Hong Kong. Speaking at the Bitcoin Asia conference, he boldly predicted Bitcoin’s price could hit one million dollars. His outlook wasn’t the only notable comment.
Trump also gave an unexpected nod to China’s role in the crypto world. He called the country an "impressive powerhouse," even though Beijing has enforced strict regulations since 2021. This remark came after crypto investor David Bailey suggested China was a "Bitcoin superpower" alongside the United States. Trump agreed, but did not go into detail about why he saw China this way. News outlets like Bloomberg, The Block, and CoinDesk reported his statements.
Mainland China banned crypto trading in 2017. By 2021, all crypto transactions were illegal. That same year, Bitcoin mining was also outlawed. Yet, some mining still happens as people find ways around the rules. Owning cryptocurrency remains legal, and peer-to-peer activities operate in a gray area, often tolerated. Meanwhile, Hong Kong is openly welcoming cryptocurrencies under a regulated pilot program. Reports even suggest Chinese officials are looking more closely at stablecoins and real-world tokenized assets.
The Million-Dollar Bitcoin Vision
Beyond China, Trump praised the energy in other places, such as the Middle East. He also claimed the United States leads the "digital revolution" under his father’s watch. He pointed to new stablecoin laws and plans for a strategic Bitcoin reserve. These steps, he said, are part of Donald Trump’s goal to make the US the "crypto capital of the world."
During his talk, Trump shared his strong belief in Bitcoin’s future. He forecasted a potential price of one million dollars within a few years. "Buy right now, close your eyes, hold long, don’t get rid of it," he advised. "It’s the greatest asset in the world. Everyone is buying bitcoins. We haven’t even scratched the surface of what Bitcoin will be."
Trusting Bitcoin as “Digital Gold”
This isn’t the first time Eric Trump has shown his enthusiasm for digital currencies. In May 2025, he told Bloomberg, "I love Bitcoin. I believe in it as digital gold. I own a lot." He didn’t say how much.
He doubled down on this view at the Consensus 2025 conference in Toronto. There, he argued Bitcoin is a strong store of value. He compared its quick liquidity to the slow pace of real estate, his family’s traditional business. "Selling a hotel took me a year and a half. With Bitcoin, you don’t have to watch anything, you can simply transact," he noted. In Hong Kong, Trump stood by his hopeful view for Bitcoin. He made his bold prediction even as Bitcoin was undergoing a market correction, trading below USD $109,000. This represented a 3.8% drop in 24 hours and a 12.5% loss from its highest price point.
A Political Undercurrent
Trump’s remarks in Hong Kong also carry a political message. By framing Bitcoin as a tool for "financial freedom," Eric aligns with US conservatives. Many in this group see cryptocurrencies as a way to push back against economic and political control. This idea fits well with the Trump administration’s focus on financial independence and new technology.
Eric mentioned he hoped Bitcoin might be a topic for his father and Chinese President Xi Jinping to discuss. However, he admitted, "they probably have more important things to talk about." This shows the divide between his crypto excitement and the bigger global issues between the US and China.
The Trump Family’s Crypto Ventures
Eric Trump’s appearance at Bitcoin Asia highlights his personal interest and the Trump family’s growing involvement in cryptocurrency. He co-founded American Bitcoin, a mining company partnered with Hut 8, and acts as its Chief Strategy Officer. The company plans to list on Nasdaq through a merger with Gryphon Digital Mining. "American Bitcoin, for me, is everything," he once stated, suggesting a mix of patriotism and tech leadership.
He is also linked to World Liberty Financial, a decentralized finance (DeFi) project. Additionally, he advises Metaplanet, a Japanese firm focused on buying and holding Bitcoin as a treasury asset. Trump himself said his shift towards crypto was partly driven by the Biden administration closing his family’s bank accounts. This experience, he said, led him to connect with the crypto community and share its frustration with the traditional financial system.
As Hong Kong becomes a crypto testing ground under Beijing’s watch, and the US strengthens its role in institutional adoption, Eric Trump’s latest comments are significant. They underscore how cryptocurrencies stand at the crossroads of technology, politics, and the global economy.