Eric Trump is back making the bull case for Bitcoin (BTC), and he's not particularly interested in your concerns about recent pullbacks.
During a Bloomberg appearance Friday, Trump argued that focusing on short-term price swings misses what actually matters: Bitcoin's long-term performance crushes everything else. He pointed out that the cryptocurrency is up 180% over two years and has been the best-performing asset of the past decade.
"I run one of the great real estate portfolios anywhere in the world. Cryptocurrency is absolutely on fire… it's taking on the whole world," he said.
The numbers back up his enthusiasm. Bitcoin has historically averaged around 70% annual returns, which makes stocks, gold, and real estate look downright sleepy by comparison. Trump's point is that volatility comes with the territory—it's simply the price you pay for those outsized gains.
To drive home his argument, he noted that even Nvidia (NVDA)—one of the market's strongest performers—was recently down 4%. Every asset pulls back sometimes. But in Trump's view, "nothing has compared to what Bitcoin has."
He also made a practical case for the cryptocurrency. In a Fox Business segment, Trump highlighted Bitcoin's operational advantages: you can move funds globally on a Sunday night for basically nothing, while traditional banking sits idle until Monday morning.
Not everyone shares his optimism about the immediate future. Analyst Rekt Capital pointed out that Bitcoin has historically formed lower-low clusters around its 50-week exponential moving average during bull markets. As the cycle matures, that pattern becomes less likely to repeat—but it also makes a weekly close back above that level increasingly important for maintaining bullish momentum.
