During a recent appearance at the Bitcoin 2026 conference in Las Vegas, former President Donald Trump expressed strong optimism about the future of Bitcoin, declaring his “absolute conviction” that the cryptocurrency will someday reach the monumental price of $1 million. Trump noted, “I don’t know if it’s 2030. I don’t know if it’s 2031, but I absolutely believe it gets there. I believe we are in the infancy. I think our best days are ahead of us.”
During his speech, Trump highlighted the trend of various companies, including some affiliated with his family, increasing their Bitcoin holdings, a move he believes signifies a growing acceptance of Bitcoin as a legitimate asset class. He also referenced the approximately 300 bitcoins owned by the U.S. government, asserting that, according to an executive order, these will never be sold. “This rush is only getting going, and we are in the greatest period, I think, in the history of crypto,” he added.
Trump’s enthusiasm for Bitcoin and cryptocurrency isn’t surprising given his past experiences with banking issues that have influenced his views. However, it’s worth noting that the performance of his co-founded venture, American Bitcoin—a hybrid Bitcoin mining and treasury company—has been significantly underwhelming. Since its initial public offering in September, the company’s stock has plummeted by 85%. As a result, both the company’s financial health and Trump’s personal economic status have faced increased scrutiny, particularly amid a challenging bear market that has adversely affected profit margins.
As of the latest reports, Bitcoin was trading at approximately $75,670.75, reflecting a decline of 1.72% in the past 24 hours, according to Benzinga Pro. Meanwhile, shares of American Bitcoin closed down 2.56%, settling at $1.14 during regular trading hours. The stock has seen a steep decline of 32% year-to-date. Current analysis from Benzinga’s Edge Stock Rankings indicates a weaker price trend for the company in medium- and long-term periods, despite showing some resilience in the short term.
