Eric Trump doubles down on bold bitcoin price target in spite of market fear

Despite a shaky crypto backdrop, Eric Trump has reiterated a bold bitcoin price target, arguing that the asset remains one of the decade’s standout performers.

Eric Trump eyes $1 million Bitcoin in the long run

In a recent interview, Eric Trump laid out one of the most aggressive long-term views in the crypto space, saying he believes Bitcoin could eventually reach $1 million per coin. He described himself as “never more bullish” on Bitcoin and the broader cryptocurrency market, citing its track record as the foundation of his conviction.

Trump noted that just two years ago, in 2022, Bitcoin traded near $16,000, while it now fluctuates close to $70,000. According to him, this sharp rebound illustrates how quickly the asset can recover and expand after deep downturns, especially compared to many traditional markets.

Moreover, he highlighted that over roughly the last decade, Bitcoin has delivered an average annual return of about 70%. That performance, he argued, makes it one of the strongest asset classes in modern financial history and helps explain why long-term believers remain committed despite volatility.

Volatility trade-off and Treasury alternative

Trump framed Bitcoin’s return profile as a trade-off between risk and reward. “Name another asset class that has performed better,” he said, while conceding that sharp price swings are inherent to the market. However, he stressed that investors must align their expectations with the level of volatility they are willing to tolerate.

According to Trump, those seeking stability may feel more comfortable in traditional instruments such as Treasury securities. “If you don’t want volatility, go invest in some treasury,” he said, contrasting government bonds with Bitcoin’s potential for outsized gains. That said, he argued that investors prepared for turbulence may see Bitcoin as a unique long-term opportunity.

He reiterated his stance by stating, “You’re going to have volatility with something that has tremendous upside. But I’ve never been more bullish on Bitcoin in my life. I’ve never been more bullish on cryptocurrency in my life.” His comments add another outspoken voice to a growing list of high-profile figures issuing an eric trump bitcoin prediction.

Short-term weakness contrasts with long-term optimism

Trump’s ultra-bullish outlook arrives as the near-term picture looks far more cautious. Over the last 24 hours, the broader crypto market slipped 1.24%, dragging total market capitalization down to around $2.3 trillion. Analysts say institutional investors are treading carefully ahead of upcoming Federal Reserve decisions, which could affect liquidity and risk appetite.

Moreover, bitcoin market sentiment has soured. The widely followed Fear & Greed Index recently fell to 11, a level that signals “extreme fear” among traders. This backdrop has encouraged short-term selling and increased hedging activity, even as long-term bulls point to Bitcoin’s historical performance.

Liquidations spike as price slips below $70,000

Market stress has also shown up in derivatives data. In the last 24 hours alone, more than $57 million in Bitcoin liquidations have been recorded, largely from overleveraged long positions. However, that forced unwinding has amplified downside moves, as automated selling accelerates when margin thresholds are breached.

At the time of writing, Bitcoin trades near $67,000, down by more than 1% in the past day. The drop below the psychologically important $70,000 area has reinforced caution among traders, even as some long-term investors view pullbacks as potential accumulation windows given their extended bitcoin price target horizons.

Standard Chartered scales back its projections

Institutional forecasts are also adjusting to the new environment. Standard Chartered recently revised its outlook for leading cryptocurrencies, lowering earlier projections that had looked for more aggressive upside. The bank now expects Bitcoin could gravitate back toward the $100,000 region, compared with its previous estimate of $150,000.

That said, even a move to $100,000 would mark a significant gain from current levels around $67,000. It also underscores the wide gap between conservative institutional scenarios and Trump’s ambitious call for $1 million over the long haul, illustrating just how divided expectations remain across the market.

In summary, Eric Trump’s $1 million vision underscores enduring optimism around Bitcoin’s long-term trajectory, even as current data on sentiment, liquidations and institutional forecasts point to a far more cautious short-term landscape.