PANews reported on May 29 that according to The Block, Donald Trump Jr., the eldest son of US President Trump, and Eric Trump, the second son, predicted at the Bitcoin 2025 conference in Las Vegas that the price of Bitcoin may exceed $170,000 by the end of 2026. Eric revealed that Michael Saylor, the founder of MicroStrategy, had suggested that the Trump family mortgage Mar-a-Lago to invest in Bitcoin and guided them to establish a crypto asset reserve strategy.
The Trump family has recently entered the crypto space in many of its businesses: its Truth Social parent company plans to raise $2.5 billion to establish Bitcoin reserves; its joint venture mining company American Bitcoin plans to go public through a SPAC; and the World Liberty project plans to launch a stablecoin.
