Eric Trump told CNBC Wednesday he is "never been more bullish on bitcoin in my life" and predicted the cryptocurrency could reach $1 million, as Bitcoin (BTC) traded near $67,400 following a 46% decline from its October 2025 all-time high above $126,000.
"I do think it hits $1 million," Trump said during an interview at the World Liberty (WLFI) Forum at Mar-a-Lago.
"You're going to have volatility with something that has tremendous upside."
Price Performance Context
Bitcoin reached $126,186 in October 2025 before declining to a recent low near $60,000 in early February 2026. The cryptocurrency has lost approximately 30% over the past 12 months.
Trump, executive vice president of the Trump Organization and co-founder of World Liberty Financial, framed Bitcoin's volatility as characteristic of an emerging asset class.
He contrasted cryptocurrency returns with traditional investments including municipal bonds and U.S. Treasuries.
Goldman Sachs CEO Disclosure
Goldman Sachs CEO David Solomon disclosed at the same forum that he owns a "very, very limited" amount of Bitcoin.
Solomon described himself as an "observer" rather than an advocate, acknowledging he is "not a great Bitcoin prognosticator."
Solomon previously characterized Bitcoin as speculative in 2024 CNBC interviews, questioning its practical applications while acknowledging investor interest.
His attendance at the Mar-a-Lago cryptocurrency forum came after stating he was there because Trump's Middle East envoy Steve Witkoff, a World Liberty Financial co-founder, is a Goldman client.
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Market Sentiment
Coinbase CEO Brian Armstrong, also speaking at the forum, attributed Bitcoin's recent decline to market psychology rather than fundamentals.
Armstrong said cryptocurrency volatility remains part of normal market cycles.
American Bitcoin, a mining company backed by Donald Trump Jr. and Eric Trump, has seen its stock decline approximately 80% since Bitcoin's October peak, with market capitalization falling from $8.5 billion to approximately $1 billion, according to Fortune.
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