Eric Trump not bothered by Bitcoin, crypto carnage — TradingView News
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.
Overall, the crypto market has shed more than $1 trillion in combined market capitalization from its peak.
However, for…
