In a keynote speech at Bitcoin 2026 in Las Vegas, Eric Trump, co-founder and chief strategy officer of American Bitcoin, conveyed his optimism about the current state of bitcoin, suggesting its most successful period is underway. Trump attributed this success to the combination of institutional investment, corporate treasury adoption, and increased accessibility through mainstream financial channels, marking a significant turning point for the asset.
"The progress bitcoin has made over the last six months is unprecedented compared to the preceding three years," Trump stated. "We are currently experiencing the most remarkable period in bitcoin's history." As evidence of a shift in Wall Street's stance, Trump cited the introduction of bitcoin-backed mortgages and custody services by major banks. "Instead of selling, people are choosing to hold onto bitcoin, which is a clear indication of its growing appeal," Trump noted, highlighting the impact of limited supply and rising demand from institutions and governments on the market structure.
Eric Balchunas, senior ETF analyst at Bloomberg, discussed this trend in the context of the ETF market, pointing out that bitcoin ETFs have achieved unparalleled success, thereby expanding access to bitcoin for individual investors, a privilege once exclusive to institutions. Regarding the market's volatility, Trump expressed his confidence in the long-term prospects of bitcoin. "I am willing to ride out the fluctuations," he said. "Only time will tell who emerges victorious over the next decade."