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Eric Trump reitrates claim bitcoin is just getting started on its road to $1 million

2026/02/20 02:00
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Eric Trump reitrates claim bitcoin is just getting started on its road to $1 million

U.S. President Donald Trump’s son Eric Trump acknowledged bitcoin’s volatility but said its upside potential outweighs the risks as prices hover below $70,000.

By Olivier Acuna|Edited by Jamie Crawley
Feb 19, 2026, 6:00 p.m.
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Eric Trump reiterated his prediction that bitcoin would peak to $1 million. (Photo by CoinDesk)

What to know:

  • Eric Trump reiterated his prediction that bitcoin will eventually reach $1 million, saying he has never been more bullish on the cryptocurrency.
  • Speaking at the World Liberty Financial forum at Mar-a-Lago, he cited bitcoin's roughly 70% average annual gain over the past decade and challenged critics to name a better-performing asset class.
  • His renewed optimism comes despite bitcoin trading below $67,000 and falling from its 2025 peak above $126,000, and as the Trump family deepens its involvement in crypto through the World Liberty Financial venture.

Eric Trump doubled down on his $1 million price prediction for bitcoin BTC$66,853.40 and said he has never been more bullish during the World Financial Forum that took place in Mar-a-Lago.

President Donald Trump’s younger son doubled down on his long-term optimism for bitcoin, calling it “one of the greatest performing asset classes” of the last decade in an interview with CNBC on Wednesday.

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“I’m a huge proponent because I do think it hits $1 million dollars,” Trump said. “Go back two years. Bitcoin was at $16,000. Where is it at right now, $70,000?”

In August of 2025, Eric Trump, who described himself as a “bitcoin maxi, said bitcoin would reach $175,000 before the end of the year and, eventually climb to $1 million.

BTC closed 2025 at about $88,750, having fallen sharply from an all-time high of more than $126,000 in early October, according to CoinDesk data.

Trump also said that over the past 10 years, bitcoin has climbed roughly 70% annually on average, challenging viewers to “name an asset class that has performed better than Bitcoin.”

While acknowledging the asset’s volatility, Trump framed it as a trade-off for upside potential. “You’re going to have volatility with something that has tremendous upside,” he said. “But I’ve never been more bullish on bitcoin in my life. I’ve never been more bullish on cryptocurrency in my life.”

The post comes as bitcoin trades just below $67,000, after failing to reclaim the $70,000, a level it has not visited since Feb. 15.

The World Liberty Financial forum, held Wednesday at Mar-a-Lago, is tied to World Liberty Financial, a crypto-focused venture backed by the Trump family.

Eric TrumpBitcoin PriceWorld Liberty Financial

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Mike McGlone softens bitcoin downside target to $28,000 after backlash over $10,000 call

Market analysts said the extreme downside scenario risked influencing real capital flows, prompting a heated public debate over bitcoin’s macro outlook.

What to know:

  • Bloomberg Intelligence analyst Mike McGlone has shifted his bitcoin downside target from $10,000 to about $28,000 after criticism that his earlier call was alarmist and risky for investors.
  • McGlone now argues that $28,000 is a more probable level based on historical price distribution and maintains that his analysis shows why investors should avoid bitcoin and other risk assets.
  • Critics including Jason Fernandes and Mati Greenspan say the revised $28,000 target is still unlikely or overly deterministic, warning that such stark forecasts can distort positioning and put real capital at risk in reflexive crypto markets.
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