Eric Trump, co-founder of American Bitcoin and son of President Donald Trump, sees volatility in cryptocurrency markets as an opportunity for outsized returns. Bitcoin fell below $95,000, with altcoins down 5-11% since the Oct. 10 crash that wiped out $19 billion in leveraged positions, causing the market to lose over $1 trillion in combined market capitalization.

Trump views crypto volatility as a natural aspect of investing and a chance to buy. American Bitcoin, led by Trump, acquired over 3,000 BTC in Q3, now holding over 4,000 BTC and ranking in the top 25 publicly listed Bitcoin holders. Trump prioritizes increasing Bitcoin reserves and shareholder value.

The Donald Trump administration advocates for broader crypto adoption, evidenced by executive orders, a federal working group on crypto markets, and stablecoin legislation. Despite this, Bitcoin’s value remains relatively unchanged from Jan. 1. American Bitcoin is looking to acquire assets in Asia to boost BTC holdings.

Read more at Cointelegraph: Eric Trump Defends Volatility as American Bitcoin Boosts BTC