Despite the ongoing decline in cryptocurrency prices, Eric Trump, the son of former US President Donald Trump, expresses a bullish outlook on Bitcoin. During a recent event, he noted that many investors are holding off on purchases, hoping for lower prices, which 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 highlighted the exceptional performance of Bitcoin over the past decade, pointing out that it traded at $36,500 two years ago and $16,000 three years ago.
Trump”s remarks come in the context of growing institutional interest in Bitcoin. He referenced the recent approval of spot Bitcoin ETFs and the involvement of major financial institutions such as JPMorgan, Schwab, and Fidelity. Additionally, he mentioned the expansion of platforms like Coinbase and Robinhood, which have made access to Bitcoin easier for traditional investors.
According to Trump, the demand for Bitcoin is global, with corporations, affluent families, and even countries looking to incorporate it into their reserves. “Everyone wants Bitcoin,” he asserted, likening it to “digital gold” that addresses numerous issues within the current monetary framework.
As the market continues to navigate its volatility, Trump”s commentary serves as a reminder of the potential for Bitcoin as a long-term investment, encouraging both seasoned and novice investors to consider entering the market.
