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“You’re going to have volatility with something that has a tremendous upside,” said Eric Trump while defending Bitcoin volatility recently in a CNBC interview.
Eric Trump, son of the US President Donald Trump and Executive Vice President of the Trump Organization, shrugged off the current downturn of BTC USD. “Bitcoin will hit a million dollars. I think it’s one of the greatest performing asset classes. Go back two years. Bitcoin was at, what, 16,000? Where is it at right now? $70k?”
If you look at the last 10 years, Bitcoin has gone up 70% year-on-year for the last decade. Name an asset class that has performed better than Bitcoin.
“But I’ve never been more bullish on Bitcoin in my life,” he added. “I’ve never been more bullish on cryptocurrency in my life.”
He highlighted that the big financial institutions in the country, whether it be Charles Schwab, JP Morgan, BlackRock, or Goldman Sachs, are adopting cryptocurrencies. “They’re willing to treasury cryptocurrencies. They’re putting their private wealth clients into cryptocurrencies. Before, they were telling them to put exactly zero into cryptocurrency. Then it was 2%. Now, all of a sudden, it’s 5%, 6%, and that number keeps on climbing.”
“It is the asset class of this generation. It’s what every person under the age of 50 is into and loves. And we’re just getting started,” the US President’s son added.
“I’m a huge proponent of Bitcoin. I think it hits $1 million. I’ve never been more bullish.” — @EricTrumppic.twitter.com/vCpkTdROcb
— Michael Saylor (@saylor) February 18, 2026
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While Eric Trump Dismisses The Panic, Reality On Charts Is Stark
Bitcoin is trading around the $66,000 mark at the time of writing and it is down sharply from its peak of $126k. Recent volatility has been fueled by macroeconomic factors, including escalating tensions in the Middle East that are testing critical price support levels.
Eric Trump’s comments serve as a tough-love lesson for investors. In traditional finance, a 50% drop is a catastrophe; in crypto, it is a historical pattern that often precedes a recovery.
While the Trump family remains bullish, institutional analysts warn that the market is changing. Some experts argue that the classic boom and bust eras may be smoothing out, but volatility isn’t going away entirely.
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