The Trump family remains bullish on Bitcoin. | Source: CCN
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Key Takeaways
Eric Trump reiterated his $1 million Bitcoin price target.
The Trump family hosted a closed-door Mar-a-Lago WLFI forum.
WLFI announced a tokenization plan tied to the Trump Maldives resort
Eric Trump has reiterated his prediction that Bitcoin’s price could reach $1 million, voicing his strongest support yet for the cryptocurrency during a recent interview.
The comments come as the Trump family convened top Wall Street executives, crypto founders, and U.S. regulators at a World Liberty Financial (WLFI) forum at Mar-a-Lago this week, displaying a bold “bullish” stance towards their lofty crypto goals.
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Speaking to CNBC, Eric Trump said he remains firmly convinced of Bitcoin’s long-term upside.
“We still are. I’m a huge proponent of Bitcoin. I do think it hits a million dollars,” he said. “I think it’s one of the greatest performing asset classes.”
He pointed to Bitcoin’s rise from roughly $16,000 a few years ago to around $70,000, and argued that over the past decade, the crypto has delivered average annual gains of about 70%.
“Name an asset class that has performed better than Bitcoin,” he said, acknowledging volatility but framing it as the price of outsized returns.
Investors seeking stability, he added, could opt for municipal bonds or U.S. Treasuries instead.
“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,” he added.
Mar-a-Lago Draws Wall Street and Crypto Executives
The Bitcoin price comments came as the Trump family’s Mar-a-Lago resort hosted an invitation-only WLFI event that brought together senior figures from traditional finance, crypto exchanges and government.
Many crypto participants online view the meeting as bullish. This sentiment grew after reports that former skeptic Solomon revealed he owned “a little Bitcoin, very little.”
According to Bloomberg, Eric Trump remarked that there were people in the room that “were probably on the opposite side of us.”
He said the “great irony is this whole world has gone full circle,” claiming that some of the attendees cancelled their bank accounts and kicked the family out of “their big banks for no reason other than the fact that my father was wearing a hat that said, ‘Make America Great Again.’”
WLFI Unveils Maldives Tokenization Plan
During the event, World Liberty Financial announced plans to tokenize loan revenue interests tied to the Trump International Hotel & Resort in the Maldives.
WLFI will undertake the project in partnership with Securitize Inc., a platform specializing in tokenized assets, and DarGlobal PLC, a London-listed luxury real estate developer.
The Maldives resort, developed by DarGlobal in collaboration with The Trump Organization, is scheduled for completion in 2030 and is expected to include around 100 ultra-luxury beach and overwater villas.
The initial tokenized offering targets eligible accredited investors and provides a fixed yield while giving them exposure to loan revenue streams from the hospitality development.
Through loan interest payments, investors would gain participation in the asset’s performance, including potential income distributions and possible profits in the event of a future sale.
“We built World Liberty Financial to open up decentralized finance to the world. With today’s announcement, we are now extending that access to tokenized real estate,” said Eric Trump.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
