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Bitcoin has recorded losses for about five consecutive weeks after a momentary upsurge at the beginning of the year. The cryptocurrency reversed after an initial rally to $97,939 in the second week of January 2026. Since then, BTC has declined nearly 40%, bounced off support, and is trading at $66,935 as of writing, according to TradingView’s data.

Eric Trump has made one of the boldest long-term calls in crypto yet, saying he believes Bitcoin will eventually reach $1 million. In a recent interview, he described himself as “never more bullish” on Bitcoin and cryptocurrency overall, pointing to its historical performance as the main reason for his confidence.

Interest in Bitcoin continues rising across major financial circles, and new comments from Eric Trump have added fresh momentum. He argued that Bitcoin now shows qualities that attract long-term investors rather than short-term traders.

Eric Trump, co-founder of American Bitcoin Corp, shared a video tour of the company’s Texas Bitcoin mining facility on Monday. The video showed the operational infrastructure behind the company’s mining operations.

The crypto market traded cautiously as Bitcoin, Ethereum, and XRP retested key support levels. The Fear & Greed Index sat at showing sentiment stays fragile. Despite the pullback, Eric Trump weighed in with a short but pointed message on social media: “.”

During the Bitcoin Asia conference in Hong Kong, Eric Trump offered a strong endorsement to the cryptocurrency community. He said that the Trump family loves and believes in this community, stating that it embraced his father unlike anything he had ever seen before.