Bitcoin News Today: Trump Defies Bear Market, Backs $1M Bitcoin Prediction Amid Skepticism

Eric Trump, co-founder of American Bitcoin Corp. (NASDAQ: ABTC), has reaffirmed his bullish stance on Bitcoin (BTC), urging investors to capitalize on the current market dip. In a recent CNBC interview, Trump described the present conditions as a "great time to buy Bitcoin," emphasizing the cryptocurrency's "unbelievable" returns over the past decade. He reiterated his long-held prediction that BTC could reach $1 million per coin, though he acknowledged it may take "some years" to materialize according to reports. Trump's comments come as Bitcoin trades near $87,000, down over 33% from its all-time high above $126,000 in October.

Trump's optimism contrasts with recent market turbulence, which has seen Bitcoin plummet amid broader macroeconomic headwinds. The token's decline has sparked debates among analysts, with some, like Robert Kiyosaki-author of Rich Dad, Poor Dad and a vocal Bitcoin advocate-selling his BTC holdings. Kiyosaki disclosed he liquidated $2.25 million worth of Bitcoin, acquired at around $6,000, and reinvested the proceeds into his businesses to generate tax-free income. Despite the sale, Kiyosaki remains bullish, forecasting a BTC price of $250,000 by 2026 and planning to reinvest in BTC using cash flow from his ventures.

Meanwhile, skepticism has emerged from traditional finance figures. CNBC's Jim Cramer recently mocked crypto "cheerleaders" like Ark Invest's Cathie Wood, whose $1 million BTC prediction by 2030 has faced scrutiny as the market sours. Cramer's jab highlighted broader investor anxiety, with the Crypto Fear & Greed Index hitting a multi-year low of 11, signaling "extreme fear." Wood, while still bullish, recently revised her 2030 target downward to $1.2 million from $1.5 million, citing growing adoption of stablecoins like Tether's USDT.

The bearish sentiment has also impacted institutional players. Ethereum (ETH) faces liquidity challenges as macro conditions tighten, with exchange outflows exceeding $330 million this week. Analysts note that while short-term headwinds persist, Ethereum's fundamentals-bolstered by the upcoming Dencun upgrade and steady staking participation-remain robust. In parallel, a U.S. House bill proposing to allow taxpayers to pay federal taxes in Bitcoin has reignited discussions about institutional adoption. The bill aims to create a "democratic, market-driven model" for national BTC accumulation, though it faces hurdles given the Trump administration's initial stance against using taxpayer funds for the Strategic Bitcoin Reserve.

Despite the volatility, Trump remains unfazed. His company, American Bitcoin, holds 4,004 BTC valued at $350 million, according to BitcoinTreasuries.net. The Trump Organization executive's confidence underscores a broader generational shift in asset allocation, with crypto increasingly viewed as a hedge against traditional market instability. However, with Bitcoin's 2025 Q4 performance lagging behind last year's 47% gains, the path to $1 million remains fraught with uncertainty.