In a keynote speech at Bitcoin 2026 in Las Vegas, Eric Trump emphasized that bitcoin's peak is currently underway. As the co-founder and chief strategy officer of American Bitcoin, Trump asserted that the combination of mainstream financial access, corporate treasury adoption, and institutional investment has catapulted bitcoin into its most significant phase yet. Trump noted, 'The progress bitcoin has made in the last six months, compared to the preceding three years, is truly groundbreaking.
We are witnessing the greatest period ever.' He cited the introduction of bitcoin-backed mortgages and custody services by major banks as evidence of a significant shift on Wall Street. 'Instead of selling, people are holding onto bitcoin, making it a stable asset,' Trump said, highlighting that the limited supply and increasing demand from institutions and governments are structurally changing the market. Eric Balchunas, senior ETF analyst at Bloomberg, discussed the impact of this shift on the ETF market, pointing out that bitcoin ETFs have been among the most successful launches in the history of the instrument, providing everyday investors with access previously reserved for institutions.
Trump expressed his confidence in riding out market fluctuations, saying, 'I'll withstand the volatility and we'll see who comes out on top in the long run.'