At the Bitcoin 2026 conference in Las Vegas, Eric Trump reiterated his prediction that Bitcoin could reach $1 million. Trump cited the U.S. government’s reported holdings of 300,000 BTC and Bitcoin’s historical 70% average annual returns as factors underpinning his bullish outlook, while panelists discussed a potential $124 trillion generational wealth rotation driving institutional adoption.
Eric Trump joined John Koudounis of Calamos and Eric Balchunas of Bloomberg on a panel discussing Bitcoin’s evolution. The session highlighted increasing institutional participation and the asset’s growing maturity within global finance.
According to a report, Eric Trump stated the United States government holds about 300,000 Bitcoin. He emphasized that the government would not sell its holdings and noted increased institutional activity from firms like Schwab and Morgan Stanley.
Trump argued Bitcoin is a superior store of value due to its scarcity and adoption trajectory. “BTC could reach $1 million per coin,” he suggested, reinforcing long-term bullish sentiment.
Koudounis expanded on institutional trends, citing projections that $124 trillion in wealth will transfer by 2048. He noted that $60 billion in spot Bitcoin ETF inflows indicates an early stage of a much larger rotation.
He stated institutional discussions have shifted from questioning allocation to determining optimal exposure levels. Koudounis believes full institutional participation could significantly accelerate capital flows.
Balchunas raised concerns about attracting risk-averse retail investors to Bitcoin. Koudounis pointed to his firm’s protected ETF products designed to reduce volatility risk for such participants.
Trump added that Bitcoin has outperformed traditional fiat currencies. He cited global instability and geopolitical threats as factors supporting decentralized assets.
At the time of reporting, Bitcoin was trading near $76,135 with a 24-hour volume of $55.67 billion. Its market capitalization was $1.52 trillion, with a market dominance of 60.05%.
