Trump's second son, Eric Trump, who, like US President Donald Trump, has been a great supporter of Bitcoin (BTC) and cryptocurrencies, has once again announced his support for Bitcoin. Speaking at the SALT conference in Jackson Hole, Wyoming, USA, Eric Trump reiterated his bullish outlook for BTC, claiming that the value of Bitcoin would reach $1 million in the long run. Eric Trump, who describes himself as a “Bitcoin maxi,” said he predicts Bitcoin will reach $175,000 by the end of the year in the short term. “There's no doubt that Bitcoin will eventually reach $1 million. But I expect it to reach $175,000 by the end of the year.” Trump also added that he devotes more than 50% of his time to cryptocurrencies. Eric Trump previously shared cryptocurrency analyst Ted Pillows' analysis that Ethereum should already be trading above $8,000. The analyst stated that ETH is currently undervalued and represents one of the best opportunities in the market. Eric Trump reshared this analysis and agreed. In his previous statements, Eric Trump said that he invested in altcoins named Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Sui (SUI). *This is not investment advice.