- Eric Trump reiterates his $1 million Bitcoin prediction despite the pullback of around 50 percent from the all-time high.
- He cites the gradual shift by large financial institutions and increasing crypto quotas in asset management as drivers.
Eric Trump reiterated his long-term Bitcoin price forecast in a CNBC interview on February 18 at the World Liberty Forum: The son of US President Donald Trump still believes a price of $1 million per BTC is realistic, despite the current price setback of around 50 percent. Trump explained:
“I’m a big supporter of Bitcoin. I really believe it will reach a million dollars. I think Bitcoin is one of the best performing asset classes.”
ERIC TRUMP JUST SAID LIVE ON CNBC THAT BITCOIN IS STILL GOING TO $1,000,000
„I’VE NEVER BEEN MORE BULLISH ON BITCOIN IN MY LIFE”
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— Vivek Sen (@Vivek4real_) February 18, 2026
Bitcoin on the way to a million?
To put things into perspective, he referred to previous lows: Two years ago, BTC was trading at around $16,000, today BTC is at around $67,000. However, Trump does not see the volatility of Bitcoin as a disadvantage, but rather as a feature of Bitcoin:
“And sure, there’s a lot of volatility. If you don’t want volatility, invest in some municipal bond – have fun with it,” said he. “Or buy Treasuries. You’ll have volatility on something that has huge upside potential.”
His message: If you don’t accept the fluctuations, you should consistently invest in classic products. Bitcoin, on the other hand, is a bet on higher returns, but with greater price fluctuations.
Trump sees the most important driver not in a single catalyst or hype, but in the gradual change of direction of major financial institutions. He listed Fidelity, Charles Schwab, JP Morgan and BlackRock, as well as Goldman Sachs, and derived a trend from them:
“Every single one of them is adopting cryptocurrencies. They are willing to hold cryptocurrencies on their balance sheet. They are bringing their private wealth clients into cryptocurrencies – after previously telling them: invest exactly zero in cryptocurrencies.”
According to Eric Trump, the portfolio recommendations are a clear indication:
“First it was two percent. And now it’s suddenly five or six percent. And that number continues to rise.”
The implicit theory behind this is that even small but growing target quotas at the financial giants are enough to generate a constant demand impulse without the need for a single event.
The statements come during a period of increased attention surrounding World Liberty Financial. Two Democratic US senators are calling for a CFIUS audit following reports of a $500 million infusion from the United Arab Emirates shortly before the 2024 US election.
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