Eric Trump Praises Michael Saylor, Predicts Bitcoin Surge to $170K
Eric Trump, executive vice president of The Trump Organization, offered high praise for Strategy Inc. (MSTR) co-founder Michael Saylor during the Bitcoin 2025 conference in Las Vegas on Wednesday. Trump described Bitcoin as “fortunate” to have a champion like Saylor.
What Happened:
Eric Trump recalled a moment when Saylor urged him to make a bold bet on Bitcoin, recounting Saylor’s advice: “You need to mortgage Mar-a-Lago right now. You need to take $2 billion out of Mar-a-Lago and go long Bitcoin.”
He highlighted Saylor’s consistent advocacy for the cryptocurrency, emphasizing that he encourages others to follow his lead. “It’s an incredible opportunity,” Trump said, noting Saylor’s rare approach to competition: “I’ve never seen that in any other industry — a titan advocating for smart people to compete against them.”
When asked about his outlook for Bitcoin, Trump confidently predicted it would surpass $170,000 within a year.
Why It Matters:
Eric Trump’s comments came just one day after Trump Media & Technology Group (DJT) announced plans to use proceeds from a $2.5 billion private offering to build a Bitcoin reserve — a strategy made famous by Saylor and Strategy Inc.
Earlier at the same conference, Donald Trump Jr. stated that the family is “seriously long” on Bitcoin, reinforcing their growing commitment to cryptocurrency.
The Trump family has steadily increased its crypto-related investments, including ventures into Bitcoin mining and partnerships with decentralized finance platform World Liberty Financial.
Market Action:
As of the latest data, Bitcoin (BTC/USD) was trading at $108,259.01, down 0.50% over the past 24 hours, according to Benzinga Pro.
Shares of Strategy Inc. (MSTR) closed 7.95% lower at $364.25 on Wednesday but rebounded 1.55% in after-hours trading. MSTR continues to exhibit strong momentum, per Benzinga Edge Stock Rankings.
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