What's behind this statement? Nothing at all. He's just basing his statement on his belief and gut that it will reach a million dollars at some point. I mean I'm not against him, but to be that optimistic? And without any proof that it will happen at all whatsoever.
Of course, many people especially those Trump supporters will see this as a positive one thus, they will buy some Bitcoins, but TBH, this family is lowkey manipulating the crypto space. Just a few hours ago, they just launched WLFI token which is currently dumping from around $0.30, to now around $0.20 already. Yes that's a small dump for some, but many might've lost their money by investing their money to that coin.
Like what they said, take his prediction with a grain of salt because he can make predictions the same as we can so there's no difference to that especially if he's not backing his prediction up.
Thanks to Elon Musk, he has a significant influence on the cryptocurrency market because he is a visionary leader who is doing good things and sharing his insights through his social media platforms in crypto particularly big profits from Dogecoin which give motivation to others.
Many people lost huge amounts due to Trump Coin and now they are already entering their new project with the name of WLFI however it seems that WLFI is also losing its credibility but they are still enjoying despite this statement I have a strong feeling that they are also investing heavily in Bitcoin, which could potentially yield big profits after such a statement.
Eric has been long involved in Bitcoin which is good but now it's the right time for him to utilize his knowledge and share it publicly again even after his previous statement which unfortunately did not produce positive results. Bitcoin's recent fluctuations around $108K, its long-term potential remains a possibility.