Despite a $1 trillion market decline, Trump says price swings are a feature — not a flaw — of long-term Bitcoin strategy
The cryptocurrency market has been on a steep slide, but one high-profile industry figure insists the downturn is far from alarming. Eric Trump, co-founder of American Bitcoin and son of the U.S. president, says the recent turbulence reinforces why disciplined investors should stay focused rather than panic.
Speaking as Bitcoin briefly dipped under $95,000 — roughly 25% below its early-October high — Trump argued that volatility is inseparable from the outsized returns that draw people to Bitcoin in the first place.
Market chaos leaves investors divided
Broader digital asset markets have been under pressure since the sharp Oct. 10 sell-off that erased around $19 billion in leveraged positions. Major altcoins have logged additional declines ranging between 5% and 11%, extending a slump that has pushed total crypto market capitalization down by more than $1 trillion from its peak.
For Trump, however, the downturn does not signal a breakdown in fundamentals. “If you can’t tolerate the price swings, crypto may not be your asset class,” one industry strategist told us. “Periods like this tend to separate speculative enthusiasm from long-horizon capital.”
Trump echoed the sentiment, saying the pullback represents “a great opportunity for disciplined accumulation.”
American Bitcoin continues to build reserves
American Bitcoin appears to be doing exactly that. The mining firm, which went public this year through a merger with Gryphon Digital Mining, added more than 3,000 BTC in the third quarter alone. Its total holdings now exceed 4,000 BTC, placing it within the top tier of publicly traded companies with significant Bitcoin reserves.
A person familiar with the company’s strategy said the focus on reserves is intentional, noting that boosting Bitcoin-per-share metrics has become a central measure of value for shareholders. Trump has publicly argued that expanding reserves will ultimately strengthen the company’s long-term position.
Policy backdrop adds momentum
The moves come amid an aggressive push by the current administration to broaden digital asset engagement. Recent initiatives include a federal working group on crypto markets and new stablecoin legislation — though Bitcoin’s price remains close to where it began the year.
For Trump, that stability in the face of policy shifts and market stress only reinforces his stance: volatility is part of the game, and disciplined buyers should see it as an opening, not a warning sign.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.