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Item 1 of 3 Eric Trump, Executive Vice President of the Trump Organization, gestures at the Bitcoin Asia conference, in Hong Kong, China, August 29, 2025. REUTERS/Tyrone Siu
[1/3]Eric Trump, Executive Vice President of the Trump Organization, gestures at the Bitcoin Asia conference, in Hong Kong, China, August 29, 2025. REUTERS/Tyrone Siu Purchase Licensing Rights, opens new tab
HONG KONG, Aug 29 (Reuters) - Eric Trump says the Trump family "loves" and "believes in" the Bitcoin community, which supported his father Donald Trump before he became the U.S. President for the second time.
Trump, speaking at the Bitcoin Asia conference in Hong Kong, said he believed Bitcoin would hit a $1 million valuation.
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"The Bitcoin community embraced my father unlike anything I had ever seen before," Eric Trump said.
"And I hope that's paid off in spades because we love this community. We believe in this community."
Bitcoin has risen 18% this year, hitting a record high of $124,480.82 in mid-August, buoyed by friendlier regulations from the Trump administration and consistent demand from institutional investors.
The world's best known cryptocurrency has dropped off those record highs and was last at $110,554.05 on Friday, down over 1% on the day.
"There's no question. Bitcoin takes $1 million," Eric Trump said.
Reporting by Summer Zhen and Jiaxing Li in Hong Kong; Writing by Scott Murdoch; Editing by Aidan Lewis
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Summer Zhen is a Hong Kong-based correspondent for Reuters, specializing in hedge funds and financial markets in Asia. She has over a decade of experience in financial journalism and the finance industry. Before joining Reuters, Summer was an investor relations professional at a hedge fund and worked as a business reporter for the South China Morning Post. She was the winner of Best Young Reporter at the 2014 Hong Kong News Awards.
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