This is a “great time to buy Bitcoin,” says Eric Trump

This is a “great time to buy Bitcoin,” says Eric Trump

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Eric Trump says now is “a good time to buy Bitcoin,” after the largest cryptocurrency by market capitalization plunged 22% last month.

Speak also Trump, the son of US President Donald Trump, in an interview at a technology conference in Florida Bitcoin has been called “the greatest asset of our time.”

BTC has delivered “incredible returns.”

Trump noted that BTC was about $16,000 three years ago, and it is delivered ‘incredible returns’.

“Name an asset class anywhere that has returned better than cryptocurrency, that has returned better than Bitcoin over the last decade,” he said. He predicted that BTC’s future growth “will be mind-boggling,” citing strong demand for the crypto globally.

“I go all over the world and everyone wants Bitcoin,” he said, adding that “the largest public companies want it” and the “richest families on earth want it.” Trump also highlighted that dozens of countries, “from the UAE to El Salvador and everything in between” want to add Bitcoin to their balance sheets.

He reiterated the view that “Bitcoin is digital gold.”

Bitcoin is taking a breather from its downward trend

Trump’s comments come after a rough patch for Bitcoin, which has fallen sharply from an all-time high (ATH) above $126,000 reached in early October.

BTC price (Source: CoinMarketCap)

BTC is up over 2% in the past 24 hours, but is still down over 9% over the past week and is trading at $86,242.16 at 1:58 a.m. EST.

Banking Blocks Pushed Trumps Into Crypto

Trump’s family has deepened its involvement in the crypto space in recent months. Their ventures include decentralized finance (DeFi) platform World Liberty Financial, which launched its own USD-pegged stablecoin and saw its WLFI token listed on several major exchange platforms.

Other ventures include meme coins, mining companies, and even prediction markets.

Earlier this year, Trump said his family was pushed into crypto after being pulled from the bank. He said Capital One, JPMorgan and Bank of America have closed nearly 400 accounts tied to his family’s hotels, restaurants, apartments and golf clubs. ‘because they did nothing’, blaming politics for the closures.

But the Trump family’s growing involvement in crypto has also drawn criticism from opposition politicians, who say Donald Trump’s power to influence policy represents a conflict of interest.

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