Donald Trump’s son, Eric Trump, has made another statement in support of Bitcoin. Here are the details.
Eric Trump, son of US President Donald Trump, reiterated his strong belief in Bitcoin in his latest statement and said that both individual and institutional demand is increasing rapidly.
Eric Trump stated that Bitcoin could reach $1 million in the long run, and defined his commitment to cryptocurrencies with the words “I am totally committed.”
In his speech, Eric Trump stated that Bitcoin demand has now reached the highest levels on a global scale:
“The biggest families want it. The biggest private wealth funds want it. Fortune 500 companies are accumulating Bitcoin every day.”
Trump also noted that some countries are using their surplus energy resources to mine Bitcoin to create reserves. According to Eric Trump, Bitcoin has become a “world-class asset” that finds a place in both institutional portfolios and individual investment vehicles.
Eric Trump stated that Bitcoin’s easier accessibility through ETFs, 401k retirement plans, and Roth IRAs has accelerated demand, reminding investors that it is constantly being held back by the excuse that it is “too expensive”:
“I was telling people to buy Bitcoin when it was $50,000. They said, ‘It’s too expensive.’ I said the same thing when it was $80,000, and they said it was expensive again. It became $100,000, then $125,000… I don’t know how many times I have to say it.”
Trump also stated that he was “more proud than ever” of his company, AmericanBitcoins, and concluded his remarks by saying, “I believe in the rise of Bitcoin, it will perform very well indeed.”
