{"id":41709,"date":"2026-04-29T20:28:14","date_gmt":"2026-04-29T20:28:14","guid":{"rendered":"https:\/\/cryptd.in\/eric-trump-john-koudounis-call-bitcoin-a-global-reserve-asset-float-1m-price-target\/"},"modified":"2026-04-29T20:28:14","modified_gmt":"2026-04-29T20:28:14","slug":"eric-trump-john-koudounis-call-bitcoin-a-global-reserve-asset-float-1m-price-target","status":"publish","type":"post","link":"https:\/\/cryptd.in\/lt\/eric-trump-john-koudounis-call-bitcoin-a-global-reserve-asset-float-1m-price-target\/","title":{"rendered":"Eric Trump, John Koudounis Call Bitcoin a Global Reserve Asset, Float $1M Price Target"},"content":{"rendered":"<p><a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a><br \/>\n<img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/04\/Bitcoin-scaled.jpg\" \/><br \/>\n<a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/news\/eric-trump-john-koudounis-bitcoin-asset\">Eric Trump, John Koudounis Call Bitcoin a Global Reserve Asset, Float $1M Price Target<\/a><\/p>\n<div><\/div>\n<p>At Bitcoin 2026 in Las Vegas, Eric Trump and Calamos Investments CEO John Koudounis sat down with Bloomberg senior ETF analyst <a href=\"https:\/\/x.com\/EricBalchunas\" data-type=\"link\" data-id=\"https:\/\/x.com\/EricBalchunas\">Eric Balchunas<\/a> for a panel that covered bitcoin\u2019s maturation from speculative instrument to global reserve contender.\u00a0<\/p>\n<p>The conversation ranged across institutional adoption, government debanking, currency debasement, and the challenge of winning over ordinary investors who still view bitcoin as too risky, too complex, or both.\u00a0<\/p>\n<p>It was a panel that reflected how much the room has changed \u2014 a mix of long-time bitcoin believers and fresh institutional money that, a decade ago, would have dismissed this gathering entirely.<\/p>\n<h2 class=\"wp-block-heading\">Trump: Bitcoin is a sticky, limited supply asset<\/h2>\n<p>Trump opened on a structural theme, arguing that bitcoin has become \u201csticky.\u201d The U.S. government now holds approximately 300,000 bitcoin and will not sell, he said, a claim consistent with the creation of a <a href=\"https:\/\/bitcoinmagazine.com\/news\/the-united-states-officially-establishes-a-strategic-bitcoin-reserve\" data-type=\"link\" data-id=\"https:\/\/bitcoinmagazine.com\/news\/the-united-states-officially-establishes-a-strategic-bitcoin-reserve\">U.S. strategic bitcoin reserve<\/a>.\u00a0<\/p>\n<p>Corporate treasury buyers like <a href=\"https:\/\/bitcoinmagazine.com\/tags\/strategy\" data-type=\"link\" data-id=\"https:\/\/bitcoinmagazine.com\/tags\/strategy\">Strategy<\/a> ir <a href=\"https:\/\/bitcoinmagazine.com\/tags\/metaplanet\" data-type=\"link\" data-id=\"https:\/\/bitcoinmagazine.com\/tags\/metaplanet\">Metaplanet<\/a>, which surpassed 40,000 bitcoin in holdings by the end of the first quarter of 2026, are doing the same. The world\u2019s largest financial platforms \u2014 Trump named Charles Schwab and <a href=\"https:\/\/bitcoinmagazine.com\/news\/morgan-stanleys-spot-bitcoin-etf-tops-139m-in-assets-within-nine-days\" data-type=\"link\" data-id=\"https:\/\/bitcoinmagazine.com\/news\/morgan-stanleys-spot-bitcoin-etf-tops-139m-in-assets-within-nine-days\">Morgan Stanley<\/a> \u2014 have also moved in.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f1fa-1f1f8.png\" alt=\"\ud83c\uddfa\ud83c\uddf8\" class=\"wp-smiley\" \/> Eric Trump just dropped a bombshell at The Bitcoin Conference:<\/p>\n<p>&#8220;The US government holds 300,000 BTC and will not sell it.&#8221;<\/p>\n<p>&#8220;The middle east is using energy from cities that they don&#8217;t need to\u2026mine bitcoin.&#8221;<\/p>\n<p>&#8220;The suppression of bitcoin is unbelievable.&#8221; <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f440.png\" alt=\"\ud83d\udc40\" class=\"wp-smiley\" \/> <a href=\"https:\/\/t.co\/LdBU50faIs\">pic.twitter.com\/LdBU50faIs<\/a><\/p>\n<p>- \"Bitcoin Magazine\" (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/2049571580842524876?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 29, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>American Bitcoin, the company Trump co-founded, is mining bitcoin and holding every coin rather than selling.\u00a0<\/p>\n<p>\u201cWe are compressing bitcoin,\u201d Trump said. \u201cThere is a limited supply.\u201d <\/p>\n<p>The argument, in essence, is that the natural sellers are leaving the market while a new class of permanent holders takes their place.<\/p>\n<p>Koudounis put the bitcoin supply compression argument in the context of a broader capital shift. He cited <a href=\"https:\/\/www.cerulli.com\/press-releases\/cerulli-anticipates-124-trillion-in-wealth-will-transfer-through-2048\" data-type=\"link\" data-id=\"https:\/\/www.cerulli.com\/press-releases\/cerulli-anticipates-124-trillion-in-wealth-will-transfer-through-2048\" target=\"_blank\" rel=\"noopener\">research<\/a> projecting that 124 trillion dollars in wealth will transfer across generations through 2048, and said the 60 billion dollars that have moved into spot bitcoin ETFs so far represent a fraction of what is coming.\u00a0<\/p>\n<p>For context, 60 billion dollars is roughly the size of a mid-tier U.S. asset manager\u2019s total book. Set against a 124 trillion dollar transfer of accumulated Boomer wealth to Millennial and Gen Z inheritors who are far more comfortable with digital assets, it reads as a starting line.<\/p>\n<p>Koudounis told the audience that the institutional conversation has already moved on. \u201cThe question used to be, \u2018Are you buying bitcoin?&#8217;\u201d he said. \u201cNow it\u2019s, \u2018What percent are you allocating?&#8217;\u201d<\/p>\n<p>And his conclusion on what full <a href=\"https:\/\/bitcoinmagazine.com\/tags\/institutional-adoption\" data-type=\"link\" data-id=\"https:\/\/bitcoinmagazine.com\/tags\/institutional-adoption\">institutional entry<\/a> means for the asset: \u201cOnce institutions get involved, it\u2019s game over.\u201d<\/p>\n<h2 class=\"wp-block-heading\">How can bitcoin attract retail clients?\u00a0\u00a0<\/h2>\n<p>Balchunas pressed both men on the retail challenge, asking how they would sell bitcoin to his mother \u2014 a stand-in for the generation of older investors who remain nervous about volatility and complexity. It is a question the industry has never fully answered.\u00a0<\/p>\n<p>Bitcoin\u2019s price history, with its 80% drawdowns and euphoric recoveries, is not a comfortable pitch to someone managing a fixed retirement income.\u00a0<\/p>\n<p>In response to this quandary, Koudounis said that Calamos has built a line of protected bitcoin ETFs that cap downside and smooth returns, turning a perceived deterrent into a feature for conservative investors who want exposure without the full ride.\u00a0<\/p>\n<p>The goal, he said, is to add bitcoin exposure to products that already feel familiar to traditional investors.\u00a0<\/p>\n<p>Trump\u2019s answer to the same question was more direct. Fixed income, he argued, is not a genuine alternative at current yields.\u00a0<\/p>\n<p>\u201cDo yourself a favor, go invest in fixed income at 4%,\u201d he said. \u201cI\u2019ll invest in bitcoin. I\u2019ll ride out the volatility and we\u2019ll see who wins that equation in a 10-year period of time.\u201d\u00a0<\/p>\n<p>He claimed BTC has averaged roughly 70% annual growth per year over the past decade and called it \u201ca better gold,\u201d adding that \u201cevery country in this world needs it.\u201d<\/p>\n<p>The macro case Trump made was not only about returns. He pointed to currency weakness and geopolitical instability \u2014 citing <a href=\"https:\/\/bitcoinmagazine.com\/news\/as-bombs-fall-on-tehran-irans-crypto\" data-type=\"link\" data-id=\"https:\/\/bitcoinmagazine.com\/news\/as-bombs-fall-on-tehran-irans-crypto\">Iran specifically<\/a> \u2014 as reasons traditional store-of-value assets are under pressure, and argued that BTC\u2019s ability to transfer value across borders without a bank intermediary is a feature that becomes more valuable the more fragile existing systems look.<\/p>\n<p>Currency debasement, he said, is real and ongoing, and bitcoin is designed to resist it. \u201cWould you rather have the euro,\u201d he asked, \u201cor would you rather have bitcoin, an asset that\u2019s grown at 70% a year on average, year over year for the last decade? It\u2019s not even close.\u201d<\/p>\n<h2 class=\"wp-block-heading\">Koudounis: Banks can \u2018debank\u2019 you at any time <\/h2>\n<p>On the question of why he became an advocate at all, Trump\u2019s answer was personal. He described how major banks shut down hundreds of Trump Organization accounts \u2014 covering buildings, golf courses, and restaurants \u2014 following the January 6, 2021 Capitol riot.<\/p>\n<p>JPMorgan <a href=\"https:\/\/www.nytimes.com\/2026\/02\/21\/business\/jpmorgan-trump-debanking.html\" data-type=\"link\" data-id=\"https:\/\/www.nytimes.com\/2026\/02\/21\/business\/jpmorgan-trump-debanking.html\" target=\"_blank\" rel=\"noopener\">has since confirmed<\/a> it closed those accounts. Trump and the Trump Organization later <a href=\"https:\/\/www.cnbc.com\/2025\/03\/07\/trump-organization-lawsuit-capital-one-account-closures-jan-6-riot.html\" data-type=\"link\" data-id=\"https:\/\/www.cnbc.com\/2025\/03\/07\/trump-organization-lawsuit-capital-one-account-closures-jan-6-riot.html\" target=\"_blank\" rel=\"noopener\">filed suit<\/a> against Capital One over similar closures.<\/p>\n<p>\u201cThey threw us away like dogs,\u201d Trump said on stage.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f1fa-1f1f8.png\" alt=\"\ud83c\uddfa\ud83c\uddf8\" class=\"wp-smiley\" \/> Eric Trump explains how getting unbanked made him go all in on Bitcoin:<\/p>\n<p>&#8220;I can&#8217;t tell you had many accounts we had turned off in the middle of the night for not doing a damn thing wrong.&#8221;<\/p>\n<p>&#8220;I became hell bent on taking on these banks and fixing this system.&#8221; <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f7e0.png\" alt=\"\ud83d\udfe0\" class=\"wp-smiley\" \/> <a href=\"https:\/\/t.co\/vtNk6qEaDC\">pic.twitter.com\/vtNk6qEaDC<\/a><\/p>\n<p>- \"Bitcoin Magazine\" (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/2049585015198273689?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 29, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The debanking experience, combined with what he described as slow, friction-heavy bank wire transfers, pushed him toward bitcoin\u2019s censorship-resistant architecture. \u201cThat\u2019s why I advocate like hell for this industry,\u201d he said.\u00a0<\/p>\n<p>On usability, Trump conceded that early crypto technology was clunky, but said banks entering the space will be the force that finally makes the experience simple. <\/p>\n<p>\u201cThe industry will grow,\u201d he said, \u201cwhen the user experience is simple and easy and not torturous.\u201d<\/p>\n<p>Koudounis broadened the debanking argument beyond the Trumps. He drew on personal history, recounting Greece\u2019s 2015 <a href=\"https:\/\/www.piie.com\/sites\/default\/files\/documents\/greek-debt-crisis.pdf\" data-type=\"link\" data-id=\"https:\/\/www.piie.com\/sites\/default\/files\/documents\/greek-debt-crisis.pdf\" target=\"_blank\" rel=\"noopener\">debt crisis<\/a>, when the government imposed daily withdrawal limits on bank accounts that lasted roughly four years before capital controls were fully lifted.\u00a0<\/p>\n<p>Citizens woke up one day to find the state had placed a ceiling on how much of their own money they could access.\u00a0<\/p>\n<p>\u201cYou don\u2019t have to be the Trumps to be targeted by banks,\u201d Koudounis said. \u201cThis can happen to anybody. You, me, any of us.\u201d\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Banks told you to stay away, then \u2018snuck into\u2019 bitcoin <\/h2>\n<p>Koudounis then turned the spotlight on the financial industry\u2019s own behavior. While banks spent years publicly dismissing BTC and warning customers away from it, they were constructing the infrastructure to invest in it out of sight.\u00a0<\/p>\n<p>\u201cBanks got the clue,\u201d he said, and delivered a pointed summary to the crowd: \u201cYou guys won.\u201d<\/p>\n<p>Trump closed with three statements that drew the loudest reaction of the panel. He called government spending \u201cdangerous\u201d and pointed to a federal investigation that found some government spending to be fraudulent, citing it as evidence for why a transparent, programmable, decentralized form of money has real-world value beyond trading.<\/p>\n<p>If fraud of that scale is hard to eliminate in the best-administered country on earth, he argued, it is a structural problem that BTC\u2019s transparent ledger is built to address. He acknowledged the macro backdrop has been rough for holders over the past three months but told the audience to stay the course.<\/p>\n<p>And then he closed his remarks in plain terms: \u201cI have absolute conviction that bitcoin is going to hit one million dollars\u2026 I\u2019ve never been more bullish on this asset class in my life.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"683\" height=\"1024\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/04\/GDOH5320-683x1024.jpg\" alt=\"bitcoin\" class=\"wp-image-52001\" title=\"Eric Trump, John Koudounis Call Bitcoin a Global Reserve Asset, Float $1M Price Target 1\" \/><\/figure>\n<p>This post <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/news\/eric-trump-john-koudounis-bitcoin-asset\">Eric Trump, John Koudounis Call Bitcoin a Global Reserve Asset, Float $1M Price Target<\/a> first appeared on <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a> and is written by <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/authors\/micahzimmerman\">Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin Magazine Eric Trump, John Koudounis Call Bitcoin a Global Reserve Asset, Float $1M Price Target At Bitcoin 2026 in Las Vegas, Eric Trump and Calamos Investments CEO John Koudounis sat down with Bloomberg senior ETF analyst Eric Balchunas for a panel that covered bitcoin\u2019s maturation from speculative instrument to global reserve contender.\u00a0 The conversation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":41711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-41709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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