The son of the President of the United States, Eric Trump, in his latest statement gave a clear warning about cryptocurrency investments. He said that anyone who is unable to handle price volatility should not invest in crypto and avoid trying it.
The main point of his statement is that the crypto market is very volatile. Unlike traditional investments such as bonds or giant stocks, crypto prices can change drastically in a short period of time.
The latest major case is the Bitcoin trend which recorded price changes between five to ten percent, some altcoins also recorded high changes of up to 50% in a few days.
Eric Trump advised investors who are less experienced or less willing to take risks that crypto is not for everyone. It is more suitable for those who are willing to bear high risks and can withstand large losses without panicking.
Statements like this usually appear when the crypto market shows sharp volatility or public interest increases suddenly, as a precaution so that new investors do not rush into the market.
Meanwhile, American Bitcoin Corp. (ABTC) managed by Eric Trump and Donald Trump Jr. plans to continue adding Bitcoin to its crypto mining operations.
The proposal was shared in an interview with Yahoo Finance executive editor Brian Sozzi.
They discussed the transformative power of the crypto asset class, the location of Genoot’s mining site near an AI data center, and their views on the state of the crypto market in President Trump’s second term.
