Las Vegas — Eric Trump addressed the audience at Bitcoin 2026 in Las Vegas, asserting that bitcoin's peak is currently underway, not on the horizon. As the co-founder and chief strategy officer of American Bitcoin (ABTC), Trump emphasized that the recent convergence of mainstream financial access, corporate treasuries, and institutional adoption has catapulted bitcoin to its most pivotal moment. According to Trump, the progress bitcoin has made in the last six months surpasses its achievements over the preceding three years, describing it as 'transformational.' He stated, 'We are experiencing the greatest period I've ever witnessed.' Trump cited the growing trend of major banks offering bitcoin-backed mortgages and custody services as evidence of a significant shift in Wall Street's stance. He noted, 'Investors are choosing to hold onto their bitcoin rather than sell, which is making the asset more stable.' Trump also highlighted that the limited supply of bitcoin, coupled with increasing demand from institutions and governments, is structurally altering the market.
Eric Balchunas, Bloomberg's senior ETF analyst and the event's moderator, discussed the evolution of the ETF market, pointing out that bitcoin ETFs have been among the most successful launches in the history of the instrument. This development has made bitcoin more accessible to individual investors, a privilege previously reserved for institutions. Trump expressed his confidence in the asset's long-term potential, saying, 'I'm willing to withstand the volatility. Only time will tell who emerges victorious in the next decade.'