‘Volatility is your friend’: Eric Trump not bothered by Bitcoin, crypto carnage

Eric Trump shrugs off an extended crypto sell-off as American Bitcoin ramps up its holdings and climbs into the top ranks of public BTC treasuries.

Eric Trump, a son of US President Donald Trump and co-founder of American Bitcoin, is undeterred by the recent downturn in the cryptocurrency markets, saying that volatility is the cost of achieving outsized returns. 

“I think volatility is your friend,” Trump told The Wall Street Journal in an interview, as Bitcoin (BTC) briefly fell below $95,000 and stood about 25% lower than its early-October peak.

The turbulence has been worse in the altcoin segment, with major assets down from 5% to 11% — part of a weakness that began with the Oct. 10 market crash, which wiped out some $19 billion in leveraged positions.

Read more