Eric Trump, the son of former US President Donald Trump, has expressed his continued optimism regarding Bitcoin following a notable decline in the cryptocurrency market. At a recent event, he indicated that many investors have been delaying their purchases in hopes of securing a lower price, a tactic he believes leads 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 stated. He emphasized the impressive long-term performance of the asset, pointing out that its value has fluctuated significantly over the past few years, with prices reaching $36,500 two years ago and $16,000 three years prior, while peaking at approximately $90,000.
According to Trump, Bitcoin has outperformed all other asset classes in terms of returns over the last decade. He cited recent developments such as the approval of spot Bitcoin ETFs and the growing engagement from major financial institutions like JPMorgan, Schwab, and Fidelity as indicators of increasing institutional adoption.
Trump noted that access to Bitcoin has become significantly easier through traditional financial channels, which contributes to its rising popularity. He remarked that the demand for Bitcoin is not limited to retail investors; rather, it extends globally to large corporations, affluent families, and even some nations looking to diversify their reserves with this digital asset.
“Everyone wants Bitcoin,” he asserted, comparing it to “digital gold” and highlighting its potential to address several issues within the current monetary system.
