While the cryptocurrency and bitcoin space has experienced a resurgence during the Trump administration, it still has ways to reach mainstream allure and keep growing in price and recognition. Eric Trump, son of President Trump, believes that Q4 will be a particularly bullish period for the industry.
In a recent interview with the New York Post, Trump stressed that bitcoin and crypto are the new financial trend and that financial institutions are all hopping onto the crypto train, awakening a demand for the asset class.
Trump, who is a self-declared hard asset guy, revealed he had to turn to crypto as a result of the debanking of his family due to its conservative beliefs. For this reason, and how bitcoin solves the current problem of the fiat system, Eric predicts that bitcoin will have an explosive growth, soaring on the wings of interest rate cuts during Q4.
“The future is bright. The future is incredible. And I think the fourth quarter this year is going to be unbelievable for a host of reasons,” Trump assessed, highlighting that he believes Bitcoin will surpass a million dollars due to its implicit value.
Nonetheless, prediction markets are not so bullish on the prime cryptocurrency hitting such high numbers in the short term. On social media, Polymarket posted that less than 1% of its users believed this might happen in 2025.
The prediction market, which has a volume of over $28 million, anticipates there is a 61% chance that bitcoin ends this year over the $125,000 mark. This means there is consensus that Q4 will be positive, but that it will not host an explosive growth for the asset, as predicted by other analysts.
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