Trump Sons: Bitcoin as a Generational Asset, $1 Million Prediction
In a recent CNBC interview, Eric Trump and Donald Trump Jr. renewed their public support for Bitcoin, calling it the defining asset class for a new generation and predicting a major price expansion. Eric Trump stated during the World Liberty Forum that he remains 'a huge proponent of Bitcoin' and argued the asset could eventually reach $1 million. He pointed to Bitcoin's recovery from lows near $16,000 two years ago and claimed strong average annual gains over the past decade. The Trump sons framed volatility as a natural feature of an emerging asset with significant upside, contrasting BTC with lower-yielding traditional investments such as municipal bonds or U.S. Treasuries. 'I've never been more bullish on bitcoin in my life,' Trump said. They also highlighted accelerating institutional acceptance, citing Fidelity, Charles Schwab, JPMorgan, BlackRock, and Goldman Sachs as examples of Wall Street’s increasing engagement with digital assets, and claimed private wealth clients are being allocated higher percentages of crypto exposure than in past years.
Goldman Sachs CEO Holds Small Bitcoin Stake: Cautious but Meaningful
At the same forum, Goldman Sachs CEO David Solomon disclosed that he now holds a small amount of BTC, describing his holdings as 'very, very limited' and himself as not a 'great Bitcoin prognosticator.' His remarks reflect a cautious shift among traditional finance leaders after years of regulatory constraints kept Goldman on the sidelines. Solomon had previously expressed skepticism about BTC's practical role; in a 2024 CNBC interview, he characterized the asset as speculative and questioned its real-world use case. Coinbase CEO Brian Armstrong also addressed Bitcoin's recent price weakness at the forum, attributing the decline more to market psychology than to underlying fundamentals. He dismissed macro political factors as a driver and argued that volatility remains part of crypto's normal cycle. Armstrong maintained that BTC remains one of the best-performing assets of the past decade and said Coinbase does not take a short-term view of price swings.
Washington Policy Outlook: Legislation Could Advance Within Months
Armstrong also pointed to the policy environment in Washington, suggesting crypto legislation could advance under President Donald Trump’s administration. He described a potential 'win-win-win' outcome for the industry, banks, and consumers if regulatory clarity is achieved, adding that proposed measures could reach Trump’s desk within months. Armstrong said Coinbase expects a market structure bill to pass, arguing that statutory clarity would provide long-term certainty beyond shifting agency leadership. If legislation stalls, the company would continue operating under existing rules while seeking clarity through regulators or the courts. 'I think the bill will get done. It’s in everyone’s interest at this point,' Armstrong said.
Bitcoin Price and On-Chain Snapshot: Narrow Consolidation
At press time, BTC is trading at $66,800 with $33 billion in 24-hour volume, down 1% over the past day. The asset sits about 2% below its 7-day high of $68,328 and essentially flat from its 7-day low of $66,834, signaling continued consolidation rather than a decisive breakout. Bitcoin’s circulating supply stands at 19,991,396 BTC, against a fixed maximum of 21 million. The total market capitalization is roughly $1.34 trillion, down 1% from the previous day.