Bitcoin might cross the $1 million mark. That was one of many boldest claims Eric Trump made Wednesday at Consensus Miami 2026, the place the businessman and son of US President Donald Trump laid out his case for why america is pulling forward within the international race for crypto management.
Banks No Longer Sitting On The Sidelines
The shift amongst main monetary establishments was a central thread in Trump’s remarks. Giant banks — as soon as overtly skeptical of digital property — are actually providing Bitcoin custody providers and permitting prospects to make use of their crypto holdings as mortgage collateral.
Personal wealth managers are recommending Bitcoin to purchasers, and retirement accounts like 401(ok)s are starting to divulge heart’s contents to crypto investments.
Trump pointed to identify Bitcoin exchange-traded funds as a turning level. For the reason that first one launched in January 2024, these merchandise have pulled in important volumes of institutional cash, bringing a brand new class of buyers into the market who beforehand had no straightforward method to acquire publicity.
“As America has gotten readability, each nation all over the world has observed, and each nation all over the world is beginning to comply with,” he stated.
AI Enters The Image
Trump additionally linked the rise of synthetic intelligence to the long run demand for digital currencies. His argument: AI methods will finally want to maneuver cash on their very own, and bodily money or gold merely received’t match that mannequin.
Digital currencies, in his view, are the one possibility that is sensible in a world the place funds are more and more automated and machine-driven.
He didn’t title particular AI platforms or cost methods, however framed the connection between AI and crypto as one thing near inevitable — a pairing that might develop extra obvious as each applied sciences matured.
A Race America Intends To Win
On the query of worldwide competitors, Trump was direct. He stated Asia wouldn’t lead this house, and that the US was absolutely dedicated to popping out on prime. “We’re hell-bent on profitable that race,” he stated.
He credited current regulatory progress within the US for giving the trade route and drawing the eye of different nations.
As guidelines turn into clearer, he argued, extra companies and buyers acquire the arrogance to maneuver ahead — and the momentum solely builds from there.
Featured picture from Unsplash, chart from TradingView
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