‘Everyone wants Bitcoin’ – Eric Trump repeats $1 mln prediction as holders stay strong
With holders staying strong and institutions loading up, Trump's vision may not be far-fetched.
Key takeaways
Eric Trump repeated his bold $1 million Bitcoin prediction, citing soaring institutional demand and lagging mainstream adoption as key drivers.
Eric Trump isn’t backing down from one of Bitcoin’s [BTC] boldest predictions yet.
At a recent event, he reaffirmed his view that BTC is headed for $1 million, “without question.”
His confidence comes at a time when LTHs remain unfazed, with investors who bought near the 2021 peak still holding strong. Perhaps the price floors are sturdier than the skeptics think.
Eric Trump predicts BTC to $1 mln
At the Bitcoin Asia 2025 conference in Hong Kong, Eric Trump, co-founder of “American Bitcoin,” made it clear that he sees no ceiling in sight for BTC.
Reaffirming his $1 million price target, Trump pointed to adoption that stretches from nation-states to Fortune 500 giants and wealthy families, all racing to secure their share of the digital asset.
He said,
“You’ve got nation states that are buying the hell out of Bitcoin. You’ve got Fortune 500 companies that are buying the hell out of Bitcoin. You’ve got the biggest families, you’ve got the biggest companies on Earth that believe in this digital store of value.”
Despite the growing appetite, he argued that Bitcoin investors are still “early,” with mainstream adoption yet to truly begin.
For Trump, that gap between institutional demand and broader public participation is exactly what makes Bitcoin’s future so explosive.
He went on to add,
“Everybody wants Bitcoin. Everybody is buying Bitcoin.”
LTHs hold the line
It’s not just institutions making waves. On-chain data shows Bitcoin’s long-term believers are helping the market from beneath.
The 6-12 month UTXO band has held above 20% dominance, a level not seen since the 2021 peak.
This means a sizable group of investors who bought near Bitcoin’s previous all-time highs are still sitting tight, unwilling to sell even with current prices well above $100,000.
This creates a powerful psychological floor: if they didn’t capitulate then, they’re unlikely to do so now.
Even so, skepticism hasn’t gone away. As Bitcoin adviser Luke Broyles recently noted, critics have shadowed every milestone, and will likely continue to doubt its upside even if BTC pushes into the millions.
Charts show short-term weakness
At press time, Bitcoin traded around $108,800, extending its recent downtrend after failing to reclaim the $110,000 level.
The daily chart showed a string of red candles through late August, showing bearish momentum. The RSI hovered near 38, so BTC was edging closer to oversold territory, but not quite there yet.
Meanwhile, the MACD remained firmly in negative territory, with its signal line tracking lower — continued selling pressure. Unless buyers step in soon, Bitcoin risks drifting toward deeper support levels.
However, if oversold conditions trigger a bounce, a short-term recovery back toward $110,000 could still be in play.
