Bitcoin’s latest pullback is being framed as a major opportunity, with Eric calling the moment “a great time to buy Bitcoin” and describing the asset as “the greatest of our time.”
Bitcoin’s Long-Term Trend Holds
Speaking at a tech conference in Florida, Eric commented on recent price volatility and noted that Bitcoin stood near $16,000 three years ago and around $36,500 two years ago.
The asset climbed above $120,000 earlier this year before the Bitcoin price falls below $100,000. He said the current value still reflects long-term expansion. He also pointed to ETF inflows and broader institutional participation as signs of deepening adoption.
His remarks follow American Bitcoin’s first quarterly earnings as a public company, which showed early profitability and highlighted a mining model built around low-cost U.S. energy. American Bitcoin posted a $3.5 million net profit in Q3.
It was the company’s first earnings release since its NASDAQ debut. He said the operation mines Bitcoin at roughly half of the market price, supported by large-scale sites in West Texas. One facility now contributes more than 2% of global Bitcoin mining output.
Eric explained that the company evaluates performance through Bitcoin holdings per share. The focus is on expanding reserves relative to outstanding equity. He said this approach guides production decisions and reduces dependence on short-term price behavior. Q3 results included a sharp rise in revenue and a 56% gross margin.
Banking Lockouts Propel Move Into Crypto
Eric addressed his family’s past conflicts with major financial institutions. He said Capital One, JPMorgan, and Bank of America closed nearly 400 accounts tied to family-operated hotels, restaurants, condos, and golf clubs.
He said the closures occurred “for doing nothing.” Eric attributed the actions to political association, noting his father’s “Make America Great Again”. He described the experience as being fully removed from the banking system.
As CoinGape reported ealier that Democrat senators Elizabeth Warren and Jack Reed called on the Department of Justice and U.S. Treasury to probe into Trump-linked WLFI. Their request referenced allegations that WLFI tokens were sold to questionable parties and a report claiming connections with bad actors.
Those events, Eric said, pushed his family toward cryptocurrency. He related that experience to the founding of World Liberty Financial, a stablecoin project he helped start. The company’s product is a U.S.-anchored stablecoin.
Eric called it the fastest-growing stablecoin platform on the Earth. Stablecoins are going to bring a lot of dollars back into the country. He also said stablecoins had saved the dollar.
Stablecoins, he said, allow for transfers to take place very quickly without banking time lags. The option to take funds outside the conventional cut-off windows. Blockchain systems cut out those multiple layers that exist in wire transfers, he said. The design, he said, cuts back on friction and enhances access.
Source: https://coingape.com/eric-trump-says-now-is-a-great-time-to-buy-bitcoin-amid-crypto/
