Eric Trump, executive vice president of the Trump Organization and son of former U.S. President Donald Trump, recently made waves at the Bitcoin MENA event in Abu Dhabi with a bold prediction: Bitcoin will one day reach $1 million per coin. Speaking on Dec. 10, Trump lauded Bitcoin as a revolutionary financial paradigm with the potential to transform the global economy.

Trump emphasized Bitcoin’s unique characteristics, calling it a “global asset” and a hedge against inflation, political instability, and natural disasters. Unlike traditional banking systems laden with intermediaries and fees, Bitcoin’s decentralized nature offers a streamlined and efficient alternative. He also highlighted Bitcoin’s scarcity, with its fixed supply of 21 million coins, as a key factor driving its long-term value.

Drawing parallels between Bitcoin’s adoption and the early days of email, Trump remarked on society’s reluctance to embrace disruptive technologies. Despite this, he confidently projected that more governments and institutions will adopt Bitcoin in the coming years, with early adopters positioned for significant gains.

Trump shared a personal anecdote about a skeptic who dismissed Bitcoin as “funny money,” only for that individual’s bank to later invest heavily in crypto. He noted that institutions and governments must adapt to Bitcoin’s rise or risk being left behind.

Closing his keynote, Trump celebrated Bitcoin’s historic milestone of surpassing $100,000 earlier this month. He expressed gratitude to the Bitcoin community, calling them pioneers of a digital revolution.

Eric Trump’s forecast joins a chorus of notable Bitcoin advocates, including Michael Saylor and Cathie Wood, who also predict the cryptocurrency could hit the $1 million mark. As Bitcoin continues to gain traction, such bold predictions further fuel the debate on its future role in global finance.