Eric Trump and Donald Trump Jr. reiterated their confidence in Bitcoin in a program they attended on CNBC and stated that crypto money has become a basic asset class for the new generation. According to the duo’s comments, it was suggested that Bitcoin has a significant potential to increase in value in the long term and could reach the $1 million level in the future.
Trump Family and Their Approach to Bitcoin
Eric Trump and Donald Trump Jr., better known as the sons of former US President Donald Trump, shared their views on the cryptocurrency market as part of the World Freedom Forum event. While Eric Trump emphasized Bitcoin’s rise in recent years and its long-term performance, he pointed out that volatility is inherent in such innovative assets compared to traditional financial instruments.
Additionally, stating that Bitcoin stands out especially among young investors, the Trump brothers pointed out the increasing interest of major financial institutions in digital assets. They stated that the involvement of well-established institutions such as Fidelity, Charles Schwab, JPMorgan, BlackRock and Goldman Sachs in Bitcoin in various ways constitutes an important signal for the market.
The Role of Wall Street and Institutional Investors
Eric Trump said major financial groups are starting to allocate more to cryptocurrencies for their wealth management clients. In this context, it was particularly emphasized that Bitcoin’s popularity among investors under the age of 50 has increased.
Eric Trump stated that he has a more positive view of Bitcoin than ever before and that the price can reach 1 million dollars, and that volatility is a natural process associated with high earning potential.
Statements by Goldman Sachs and Coinbase Executives
Continuing the developments, Goldman Sachs CEO David Solomon, an important name from the traditional finance world, announced that he owned Bitcoin at the World Freedom Forum held in Mar-a-Lago. Although Solomon stated that the amount of BTC he owns was limited, he underlined that he was more of an observer rather than making price predictions.
David Solomon has taken a skeptical approach to Bitcoin in the past, highlighting his concerns about the daily use of the asset and its volatility. These latest statements show that Wall Street is starting to lean closer to cryptocurrencies compared to previous years.
While Solomon argued that Bitcoin’s role in practice is still controversial, he pointed out that its interest is shaped entirely by investor demands.
Regulation Emphasis from Coinbase Administrator
Coinbase CEO Brian Armstrong also stated at the forum that Bitcoin’s recent price movements are mostly affected by market psychology, and macro political factors are not the determining factor in this process. Armstrong noted that Bitcoin has been among the best-performing assets over the past decade and explained that the company does not approach price volatility from a short-term perspective.
Armstrong also emphasized that ongoing regulatory efforts in Washington could play a decisive role in the crypto market. He shared his opinion that if the current drafts are legalized, a positive picture could be created for both the sector and the users. Armstrong stated that if the process is blocked, Coinbase will continue to comply with the current regulatory framework.
According to the latest data, Bitcoin found buyers at $ 66,800 today, while its daily transaction volume is at the level of 33 billion dollars. The market value is close to 1.34 trillion dollars. BTC, which has fluctuated between $68,328 and $66,834 in the last week, continues its horizontal movement in this range.
