Eric Trump Says He Got Into Crypto Amid Political Attack, Calls Bitcoin 'Digital Gold'

TORONTO —Eric Trump, the lad of U.S. President Donald Trump, said helium believes bitcoin is integer golden and called the largest integer currency a store of value, during a packed sheet astatine Consensus 2025 successful Toronto.

"I truly judge successful integer gold, which is bitcoin, right? I judge successful the store of value," Trump said.

However, Eric Trump — who has a inheritance successful existent property — told the assemblage astatine CoinDesk's Consensus 2025 league successful Toronto that helium didn't get into bitcoin oregon crypto until authorities intertwined the Trump household and the crypto community.

"It wasn't until the precise aforesaid radical that was attacking my household for nary crushed whatsoever different than governmental beliefs, started attacking [the] crypto assemblage that it truly drove 2 radical who mightiness not person ever been like-minded unneurotic and that concern has been perfectly amazing," helium said Thursday.

Aside from politics, helium besides realized existent property is not arsenic liquid arsenic bitcoin, which has amended liquidity and was easier to transact, solidifying his content successful the integer currency. "I besides realized, benignant of, done immoderate of that governmental weaponization, you know, immoderate of the limitations of existent estate. Real property has created tremendous wealthiness for our family. At the aforesaid time, existent property can't beryllium transferred. It's precise hard to sell," helium said.

"I sold a edifice 2 years ago. It took maine a twelvemonth and a fractional to virtually transact that edifice due to the fact that you person rubric reports and you person managers that person to spell in, and you person champion proliferations. You bash each sorts of things," Trump said. "... You perpetually person to negociate it. You perpetually person to ticker operations, right? And past each of a sudden, you've got this benignant of integer plus which you don't request to watch, you don't request to manage. You know, it's casual to transact on."

Trump is the co-founder and main strategy serviceman of American Bitcoin, a Bitcoin mining steadfast founded successful concern with Hut 8 and slated to spell public via a merger with Gryphon Digital Mining (GRYP).

The Gryphon concern came astir from a tendency to instrumentality the American Bitcoin concern nationalist arsenic rapidly arsenic possible, said Hut 8 CEO Asher Genoot connected signifier alongside Trump to a standing-room lone crowd. An existing mining concern was a cardinal portion of that program arsenic good arsenic getting 'American' and 'bitcoin' arsenic portion of the institution name.

"American Bitcoin, to me, is everything, you know. And I we came up with the name, I said 1 thing. I said, Listen, it has to person the connection American, and it has to person the connection Bitcoin successful it," Trump said.