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Institutional Investors Now Drive Bitcoin Price, Eric Trump Claims

Guavy AI Editorial Team
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BTC ABT
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Eric Trump, co-founder of American Bitcoin Corp. (ABTC), believes the tide has turned in favor of Bitcoin as institutional investors now drive its price. In an interview with Gav Blaxberg, CEO of WOLF Financial, he stated that retail traders are no longer the dominant force behind the cryptocurrency's value.

The acceleration of this change can be attributed to the rise in AI adoption and a more crypto-friendly policy environment, Trump said. He tied crypto and AI together, saying that the U.S. is winning the AI race for the future.

Trump also shared his own experience with Bitcoin, revealing he had built his own position by buying in at high-$50Ks to low-$60Ks. He remains firmly bullish on the asset and believes many institutional investors who previously dismissed crypto have since reversed course and embraced it.

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