Derived from The Crypto Basic, Eric Trump, co-founder of American Bitcoin (ABTC), stated that the company's business model is built on the belief that Bitcoin will experience a parabolic rise over the next five years. During an interview with investor Grant Cardone, Trump emphasized that ABTC focuses on accumulating Bitcoin rather than traditional mining operations, aiming to grow each shareholder's Bitcoin per share over time. He also reiterated his long-term bullish outlook, predicting Bitcoin could reach $500,000 by November 2029. Trump attributed his confidence to growing global demand, particularly in regions with unstable financial systems, and the increasing mainstream adoption of Bitcoin through major financial institutions and ETFs.
Eric Trump Predicts Bitcoin Could Reach $500,000 by 2029
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