In a speech at the Bitcoin 2026 event in Las Vegas, Eric Trump emphasized that bitcoin is experiencing its most remarkable period. As the co-founder and chief strategy officer of American Bitcoin, Trump highlighted the substantial progress made in the last six months, driven by the convergence of institutional investment, corporate treasury adoption, and increased mainstream accessibility. He stated, "The progress bitcoin has made in the last six months, compared to the previous three years, is truly transformative. We are currently in the most exceptional period I have ever witnessed." Trump cited the growing involvement of major banks in offering bitcoin-backed mortgages and custody services as a key indicator of Wall Street's shifting stance.
He noted, "Instead of selling, people are holding onto bitcoin, making it a more stable asset. The limited supply and increasing demand from institutions and governments are structurally changing the market." The event's moderator, Eric Balchunas, a senior ETF analyst at Bloomberg, discussed the significance of this shift in the context of the ETF market, pointing out that bitcoin ETFs have been among the most successful launches in the history of the instrument, thereby expanding access to everyday investors. Trump expressed his confidence in the asset's long-term potential, saying, "I am willing to withstand the volatility.
Only time will tell who emerges victorious over the next decade."