Eric Trump, the second son of U.S. President Donald Trump, has revealed a timeline for Bitcoin potential surge to $170,000.
Eric laid out the bullish target for BTC while speaking on stage at the ongoing Bitcoin Conference 2025. According to him, the price of the world’s largest cryptocurrency would surge to a new high, ranging between $150,000 and $170,000.
Eric expects this prediction to materialize by the end of 2026, over a year from now, citing growing daily demand for Bitcoin.
“Everyone Wants Bitcoin”
Eric suggested that the demand for Bitcoin is gradually outpacing its supply, adding that several entities, including sovereign wealth funds, are committing billions of dollars to it daily.
He argued that there is a growing appetite for Bitcoin as everyone wants a slice of the BTC pie. According to him, fewer than 100 companies held Bitcoin in their balance sheets a year ago. However, this figure has skyrocketed recently, with several wealth funds lining up to buy the asset daily.
While Bitcoin’s demand continues to rise, Eric noted that its supply has been on the decline lately. He said over-the-counter (OTC) desks, which are known as the major source of large Bitcoin trades, are reporting lower Bitcoin inventories.
In his view, the amount of Bitcoin held by OTC platforms is plummeting rapidly as the asset’s price appreciates. He noted that crypto exchanges are also facing a similar challenge.
Eric revealed that institutions like Metaplanet are struggling to purchase more Bitcoin due to decreasing supply.
“It’s hard to find Bitcoin on exchanges. Everybody wants Bitcoin as a balance sheet item, and no one wants to get rid of it,” Eric remarked. With demand for Bitcoin outstripping supply, it could push BTC’s price to greater levels, Eric said.
🇺🇸 Eric Trump: "We are running out of Bitcoin" pic.twitter.com/c2HSX0FGeL
— Altcoin Daily (@AltcoinDailyio) May 28, 2025
His commentary comes days after Bitcoin hit an all-time high of $111,970. However, the firstborn crypto has since dipped to around $107,000. Currently, Bitcoin is trading at $107,990, representing a 0.91% decline over the past 24 hours. To clinch Eric’s $170,000 target, Bitcoin must rise by 57.42% from the current price.
Eric’s Other Bullish Predictions
Notably, Eric’s $170,000 prediction for Bitcoin is more conservative compared to his previous forecast. Last year, he expressed optimism about Bitcoin’s prospects, predicting that the asset would climb to an ambitious target of $1 million. However, he provided no specific timelines.
In his latest speech, Eric hinted that Bitcoin could change the financial status of early investors, irrespective of how much they invest in BTC today.
Amid the growing demand for Bitcoin, which has seen sovereign wealth funds invest billions of dollars in BTC, Eric expects a fraction of BTC, roughly 0.1 BTC, to be worth a fortune. Interestingly, those who invested just $1 in BTC at its all-time low in July 2010 have realized over $2 million, assuming they never sold even today.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
