In Las Vegas, Eric Trump addressed the audience at Bitcoin 2026, asserting that bitcoin is currently experiencing its most pivotal moment. 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 expanded mainstream financial access.
He stated, "The progress bitcoin has made in the last six months, compared to the preceding three years, is truly transformative. We are witnessing the most remarkable period in bitcoin's history." 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 towards the cryptocurrency. "Rather than selling, people are choosing to hold onto their bitcoin, which is a clear sign of its increasing appeal," Trump noted, attributing this trend to the limited supply of bitcoin and the escalating demand from both institutional investors and sovereign governments.
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 product launches in the history of the instrument, thereby democratizing access to bitcoin for individual investors. Trump expressed his confidence in the long-term prospects of bitcoin, saying, "I am willing to withstand the volatility, and only time will tell who emerges victorious over the next decade."