Eric Trump Repeats His $1 Million Prediction For Bitcoin, Foresees An ‘Unbelievable’ Q4 For Crypto

Eric Trump, the executive vice president of The Trump Organization, expressed his optimism about the future of cryptocurrencies in an interview aired Friday, predicting a surge in the fourth quarter.

Why Trump Finds Crypto Incredible

During an interview with the New York Post, Trump said that the industry is going faster than the internet and the future looks “incredible.”

“I think fourth quarter this year is going to be unbelievable for a host of reasons,” Trump predicted. He reiterated that Bitcoin will eventually reach $1 million.

He predicted that the Federal Reserve would soon return to quantitative easing, a policy in which the central bank purchases bonds to pump cash into the economy. Trump argued that the increase in M2, or money supply, would be win-win for cryptocurrencies.