Eric Trump and Donald Trump Jr during the Bitcoin 2025 conference in Las Vegas, Nevada, US, on Wednesday, May 28, 2025.
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Eric Trump, speaking at Hong Kong’s Bitcoin Asia 2025 conference, boldly predicted Friday that Bitcoin is destined to breach the $1 million mark. His appearance marks the kick-off for a series of Asian crypto events featuring the sons of U.S. President Donald Trump, signaling a concerted effort to solidify their presence in the burgeoning digital asset landscape of the region.
“I really believe in the next several years, Bitcoin hits a million dollars. There’s no question,” he asserted at the Hong Kong event, revealing that he now dedicates a staggering 90% of his time to immersing himself in the crypto community. His bullish stance reflects growing confidence within certain circles, fueled by a shifting regulatory climate and increasing mainstream adoption.
During his panel discussion, the American businessman and former reality TV personality also lauded Simon Gerovich, the President and CEO of Metaplanet, a Japanese Bitcoin treasury company. Eric joined Metaplanet’s advisory board earlier this year, cementing his ties with a company at the forefront of corporate Bitcoin adoption in Japan.
Bitcoin’s price has surged approximately 86% in the past year, buoyed by investor optimism surrounding President Trump’s re-election and a more favorable U.S. regulatory environment for cryptocurrencies. It’s vital to recognize, however, that the cryptocurrency market remains highly volatile, and past incidents of illicit activity and corporate scandals have cast long shadows. The crypto winter of 2022, which saw numerous major crypto firms collapse, serves as a stark reminder of the inherent risks involved.
Asia Push
Eric Trump, alongside his brother Donald Trump Jr., have emerged as significant figures in the Trump family’s expanding crypto portfolio. As co-founders of the bitcoin-mining venture American Bitcoin and key players in the Trump-backed World Liberty Financial project, they are actively shaping their family’s influence in the digital asset realm.
Now, the brothers are strategically extending their digital asset ventures into Asia. Following his Hong Kong appearance, Eric Trump is reportedly scheduled to attend a shareholder meeting of Metaplanet in Japan, signaling a deepening commitment to the Japanese market.
Later in September, both Eric Trump and Donald Trump Jr. are expected to address a South Korean crypto conference. The duo is also slated to be key speakers at Singapore’s Token 2049, one of the world’s premier crypto events, further solidifying their visibility on the global stage.
President Trump, once a skeptic of cryptocurrencies, has notably shifted his stance, now positioning himself as the first “crypto president.” This shift has significant implications for the industry, given the potential for favorable policy changes and increased regulatory clarity.
“The Bitcoin community embraced my father unlike anything I had ever seen before,” Eric Trump pointed out, adding: “And I hope that’s paid off in spades.” This statement underscores the symbiotic relationship that has developed between the Trump political brand and the cryptocurrency sector.
The Trump administration has initiated executive orders and supported policies designed to foster growth and innovation within the digital asset industry. Moreover, the appointment of crypto advocates, such as David Sacks as the White House’s AI and crypto czar, demonstrates a clear commitment to integrating digital assets into the broader economic landscape.
Trump’s involvement in crypto business ventures, including World Liberty Financial and his $TRUMP meme coin, has drawn scrutiny, triggering accusations of corruption and self-dealing from opposing lawmakers and sparking calls for ethics investigations. These controversies highlight the inherent challenges of navigating the intersection of politics and the rapidly evolving crypto market.
Given the intertwined interests between the American president and his sons’ crypto endeavors, market analysts will be closely monitoring the reception the Trump brothers receive from government officials during their Asia tour. Any perceived endorsement or resistance could send significant signals to the market.
The visits coincide with the backdrop of President Trump’s ongoing global trade tensions, placing Asia squarely in the crosshairs. The delicate balancing act between promoting American business interests and navigating complex geopolitical relationships will be a key aspect of their Asian outreach.
Notably, a Hong Kong official and a lawmaker withdrew from the Bitcoin Asia conference in the city following reported advisement against engaging with Eric Trump, a move signifying potential sensitivities surrounding the Trump family’s ties to U.S. policy.
Archived records confirm that Eric Yip, executive director at the Securities and Futures Commission (SFC), and lawmaker Johnny Ng had previously been listed as speakers for the event, before being removed, underscoring the subtle yet significant political undercurrents at play.
The SFC clarified that Yip’s absence was due to a business trip, while reports indicated Ng cited family reasons. The nuanced explanations leave room for speculation regarding the potential external pressures influencing these decisions.
The Hong Kong legislative council has not released an official statement regarding the situation.
– CNBC’s Ryan Browne contributed to this report.
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