Eric Trump And Brian Armstrong Predict Bitcoin Will Hit $1M

Eric Trump, son of President Donald Trump, and Coinbase CEO Brian Armstrong are predicting that Bitcoin will surge to $1 million per coin.

Trump said BTC would hit $1 million ”in a couple of years, while Armstrong said it would get there by 2030.

Eric Trump Calls Himself A ”Bitcoin Maxi” 

During an appearance at the SALT conference in Wyoming, the self-proclaimed “bitcoin maxi” said BTC reiterated his year-end target for BTC of $175,000 per coin.

“You go out a couple of years, there’s no question Bitcoin hits a million bucks,” he said.

He also said that the Trump organization now spends more than 50% of its time on crypto ventures. 

Armstrong Cites Improving Regulatory Clarity, Says G20 Nations May Follow US On Crypto

Speaking with John Collison on the “Cheeky Pint” podcast, Armstrong said that his “rough” estimation is that the Bitcoin price will reach $1 million by 2030. 

I think we’ll see $1M per bitcoin by 2030.

Regulatory clarity is finally emerging, the US government is keeping a BTC reserve, there’s a growing interest for crypto ETFs, among many other factors.

(Not financial advice of course, it’s impossible to guarantee) pic.twitter.com/w5EfcYFvVp

— Brian Armstrong (@brian_armstrong) August 20, 2025

Armstrong went on to highlight the improving crypto regulatory landscape in the US, the signing of the GENIUS stablecoin Act, and several key crypto market structures that are being debated in the US Senate as potential catalysts for BTC’s price.

According to the Coinbase CEO, that regulatory clarity could serve as a “bellwether” for the rest of the G20 nations to start to adopt crypto as well.

He then went on to highlight US President Donald Trump’s executive order to create a US strategic Bitcoin reserve, adding that anyone who predicted a couple of years ago that the US would hold BTC would be considered “crazy.” 

If the US does indeed expand its Strategic Bitcoin Reserve, Armstrong predicted that a “bunch” of other countries will likely go on to set up similar funds. 

He said that governments are “more engaged” in crypto, noting that Coinbase currently provides services to about 140 government entities.

With regards to crypto regulation, Armstrong believes the risk that governments will try to shut crypto down is “severely diminished.” 

He added that there are large institutions “sitting on the sidelines” ready to inject more capital into the market. 

Armstrong said that when he asked those institutions what it would take for them to up their crypto exposure, which he says is around 1%, they responded with “more regulatory clarity.”

He predicted that there will be “huge inflows of capital” in the crypto markets. 

Both Armstrong’s and Trump’s predictions follow one made by ARK Invest CEO Cathie Wood in February. At the start of the year, she predicted that the crypto king will soar to $1.5 million by 2030.

Twitter co-founder Jack Dorsey delivered his bullish prediction earlier in May 2024, saying BTC has the potential to hit $1 million by 2030, with the possibility to appreciate even further.

Bitcoin Hitting $1 Million Would Not Be A Triumph, Says Galaxy Digital CEO Mike Novogratz

The bullish predictions for Bitcoin come as US debt level spirals to record highs. Just recently, the deficit crossed the $37 trillion mark, according to the US Debt Clock. 

That has led to some industry leaders speculating that BTC could soar to $1 million per coin sooner than expected. Among them is Binance founder Changpeng Zhao (CZ), who said in a recent podcast appearance that BTC could top out at between $500K to $1 million this cycle.

If that happens, it may not be the triumph crypto investors think, according to Galaxy Digital CEO Mike Novogratz. Speaking on the Coin Stories podcast, he said that if BTC were to hit $1 million next year, it would be a glaring sign of US economic collapse. 

Stories and lessons from a decade in crypto with Mike @Novogratz.

We talk about $GLXY, the 80,000 bitcoin transaction, whether Mike has any investing regrets, maxis and altcoin communities, Bitcoin’s roadmap to $1 million and much more.

Timecodes:
00:00 Meet Mike Novogratz:… pic.twitter.com/4HrOi1juE5

— Natalie Brunell ⚡️ (@natbrunell) August 12, 2025

“I think those who are cheering for Bitcoin to reach a million dollars next year… that price will only happen if we are in a bad local situation,” he said. “I would prefer to see a lower price for Bitcoin under stable America rather than the opposite,” he added.

The largest crypto by market cap is trading at $113,781 as of 4:50 a.m. EST following a minor drop in the last 24 hours and a more than 6% correction over the past 7 days.

BTC price chart (Source: CoinMarketCap)

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