For Eric, Bitcoin isn’t just an investment – it’s an escape plan born out of necessity. Long before he became the face of an American Bitcoin mining company, his family found themselves completely disconnected from traditional finance as hundreds of their business-related bank accounts were shut down without explanation.
- Eric sees Bitcoin’s pullback as a long-term buying opportunity rather than a warning sign.
- His family’s banking lockouts drove their shift toward crypto and ultimately to the creation of a stablecoin business.
- American Bitcoin’s strong Q3 earnings reinforce his belief in Bitcoin’s long-term growth despite short-term volatility.
That moment, he says, didn’t just push them toward crypto — it cemented the belief that decentralized money isn’t optional, it’s protection.
The Banking Fallout That Changed Everything
The shutdown spree — involving accounts tied to hotels, restaurants, condos and golf properties — spanned Capital One, JPMorgan and Bank of America. Eric says the closures happened “for doing nothing,” connecting the event to his father’s political identity rather than business activity. He describes the experience not as an inconvenience but as being “erased from the financial system.”
That shock ultimately led to the birth of World Liberty Financial, a stablecoin venture Eric helped launch to offer digital dollars that can be moved freely without relying on banking cut-off windows or layers of approvals. He refers to the platform as the fastest-growing stablecoin project on Earth, adding that stablecoins have helped keep the U.S. dollar relevant — not replace it.
With That Perspective, Bitcoin’s Pullback Looks Very Different
Against that backdrop, Bitcoin’s price volatility doesn’t intimidate Eric — quite the opposite. Speaking at a recent tech event in Florida, he said market fear has blinded traders to the bigger picture. Bitcoin, he noted indirectly, has climbed from $16,000 three years ago, to $36,500 two years ago, and past $120,000 earlier this year before dropping below six figures. In his mind, that pattern says more about the future than the current dip.
“It’s the greatest asset of our time,” he told the crowd, calling the present climate “a phenomenal time to buy Bitcoin.”
Mining Results Back His Conviction
American Bitcoin — the mining company Eric represents — recently released its first earnings since becoming a NASDAQ-listed public company. The numbers posted $3.5 million in net profit for Q3, a 56% gross margin, and production powered by low-cost U.S. energy sources. One of the company’s mining locations in West Texas now generates over 2% of all Bitcoin mined worldwide.
Rather than tracking short-term price swings, Eric says the firm evaluates its performance based on Bitcoin accumulated per share, expanding reserves rather than dumping them.
Why Long-Term Investors Aren’t Panicking
Baby bear markets tend to spark psychological overreactions, but Eric argues that sell-offs from early Bitcoin adopters don’t necessarily reflect loss of faith — just long-term profit cycles. He maintains that nothing about the current macro environment justifies capitulation.
To him, the pessimism in the market — not the price — is the distraction.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Reporter at Coindoo
Source: https://coindoo.com/eric-trump-says-latest-bitcoin-dip-is-the-best-buying-moment-of-the-decade/