Key Insights:
- Eric Trump, the son of former U.S. President Donald Trump, classifies bitcoin as digital gold and a reliable store of value.
- His interest in cryptocurrency was piqued when his family’s political dilemmas linked them to the cryptocurrency sector.
- Trump is a co-founder of American Bitcoin, a mining firm that aims to go public via a merger with Gryphon Digital Mining.
TORONTO — Eric Trump expressed that he regards bitcoin as digital gold and considers it a dependable asset during a heavily attended panel at Consensus 2025 in Toronto. He stated, “I really believe in digital gold, which is bitcoin, right? I believe in the store of value.”
Nonetheless, it wasn’t until the political challenges that linked the Trump family with the crypto sphere that he entered the world of bitcoin and cryptocurrency. “It wasn’t until the very same group that was attacking my family for no reason whatsoever other than political beliefs started attacking [the] crypto community that it truly united two groups that may not have always shared the same views. That partnership has been incredible,” he remarked last Thursday.
In addition to the political context, he noted that real estate lacks the liquidity that bitcoin possesses, which reinforces his confidence in digital currency. “I also realized, through some of that political weaponization, some of the restrictions of real estate. While it has created significant wealth for our family, real estate cannot be effortlessly transferred, making it quite challenging to sell,” Trump added.
He recounted selling a hotel two years prior, which took over a year to finalize due to various complexities involved in the process. In contrast, he highlighted the ease of managing bitcoin, stating, “American Bitcoin, to me, is everything. We came up with the name because it had to include ‘American’ and ‘Bitcoin.’”
