Donald Trump’s Son Eric Trump Speaks After Bitcoin’s Decline
Eric Trump, son of US President Donald Trump, remains optimistic about Bitcoin despite the recent declines in cryptocurrency markets.
He said at a program he attended that investors postponed buying in anticipation of a “lower price,” but that this led to missed opportunities.
“Every day people say the price is high and want to wait for it to come down. Then when it does, they wait again. Now is a great time to buy Bitcoin. No doubt about it,” Trump said.
Trump, who described Bitcoin's long-term performance as unparalleled, noted that the asset, which traded at $36,500 two years ago and $16,000 three years ago, was around $90,000. “There's no other asset class that has yielded better returns than Bitcoin over the last decade,” he said.
Eric Trump cited the approval of spot Bitcoin ETFs, the digital asset initiatives of financial giants like JPMorgan, Schwab, and Fidelity, and the growth of Coinbase and Robinhood as supporting the rise in institutional adoption. He said that accessing Bitcoin is now much easier through traditional financial channels.
Trump, noting that demand has come from around the world, argued that large corporations, wealthy families, and some countries want to add BTC to their reserves. “Everyone wants Bitcoin,” he said. “BTC is digital gold and solves many of the problems in the current monetary system.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Updates: Chicago Bitcoin ATM Sales—Expansion Plan or Result of DOJ Actions?
- Chicago-based Bitcoin ATM operator Crypto Dispensers explores a $100M sale amid federal money laundering charges against founder Firas Isa. - DOJ alleges the company processed $10M in illicit funds via ATMs, converting cash to crypto through untraceable wallets despite KYC obligations. - The firm shifts to software operations since 2020, citing rising compliance costs and fraud risks amid broader crypto market turbulence. - Isa faces up to 20 years in prison if convicted, while DOJ’s enforcement signals
Zcash News Today: Zcash's Rise in Privacy Poses a Challenge to Bitcoin's Reign of Transparency
- Zcash (ZEC) surged 150% in 30 days, outperforming crypto markets amid Cypherpunk's $18M ZEC investment boosting its $150M holdings. - Institutional demand for privacy coins like ZEC, Monero, and Dash grows as Zcash's 1.43% supply control tightens liquidity and drives $670+ prices. - Technical analysts project 40%+ gains if ZEC breaks $690, with Arthur Hayes predicting $1,000 potential, contrasting Bitcoin's $88k slump. - Zcash's November 2025 halving and privacy-focused narrative challenge Bitcoin's tran
YFI Declines 49.94% Over the Past Year as Overall Market Faces Downturn
- YFI fell 0.15% in 24 hours to $4006, with 49.94% annual decline amid broader crypto market downturn. - Yearn.finance lacks project updates or governance changes to drive price recovery since November 2025. - Token remains vulnerable to macroeconomic shifts and geopolitical risks affecting risk-on/risk-off investor behavior. - Analysts expect continued consolidation until on-chain metrics show ecosystem improvements or external market confidence rebounds.
Bessent: Raising the Debt Ceiling by July Is Essential to Prevent Market Turmoil
- US Treasury Secretary Bessent reiterated the economy is not at recession risk despite fiscal debates and market volatility. - He warned the debt ceiling must rise by July 2025 to avoid default, stressing "full faith and credit" is non-negotiable. - Corporate resilience (e.g., Ross Stores' strong earnings) contrasts with Fed policymakers' split on rate cuts amid inflation concerns. - Trump's $2,000 "tariff dividend" proposal faces congressional hurdles, with Bessent acknowledging it requires legislative a
Trending news
MoreCrypto prices
More
