Eric Trump says the future of finance is crypto
Bitcoin (BTC) and cryptos will be the future of money and investments, says Eric Trump.
“It’s the greatest hedge against inflation … against corruption … against poorly managed monetary systems around the world. That’s why you see this global influx into Bitcoin. It’s probably become probably the greatest asset of our time.” Eric Trump, executive vice president of the Trump Organization, said at Yahoo Finance’s Invest 2025 event.
Trump has made no secret of his big bet on cryptocurrency. Alongside his brother Donald Jr., he co-founded American Bitcoin (ABTC), a crypto mining firm that went public in September and now sports a market value of roughly $4 billion.
The president’s second son has touted the company’s merger with Gryphon Digital Mining as a way to scale operations, though critics warn the deal could leave the company — and its investors — vulnerable to crypto’s wild price swings.
The firm is the 25th-largest Bitcoin accumulator in the country right now (among public companies), just eight months after its launch, per Trump.
He credited the firm’s competitive edge to its cheap energy costs, adding that the company is mining Bitcoin in West Texas “for roughly 50 cents on the dollar to the spot price every single day.”
For Trump, crypto is as personal as it is political.
He said his embrace of Bitcoin grew partly from what he called “getting canceled by banks over and over for doing absolutely nothing wrong.”
“Blockchain solves a lot of the weaponization of the banking industry that’s affected so many, not only in this country, but around the world,” Trump said.
At a macro level, Trump sees digital assets transforming the US economy.
“It’s going to onboard trillions of dollars into the US,” he said, arguing that crypto could “literally change every aspect of our financial system,” reducing concerns of transferability and speed that often plague assets like gold (GC=F).
The Trump family’s crypto ambitions run deep. Through World Liberty Financial, they control a decentralized finance (DeFi) platform, issue the $WLFI governance token, and back the $USD1 stablecoin pegged to the US dollar.
The project has drawn scrutiny for blending politics and profit, raising concerns about transparency, oversight, and the concentration of financial power within a single family.
Eric Trump confirmed to Yahoo Finance the Trump Organization holds digital assets.
“Yeah, we have a ton of it on the balance sheet,” he said. “I’ve got a ton on my own personal balance sheet, and obviously I’m going all in terms of Bitcoin.”
Leave a Comment
Your email address will not be published. Required fields are marked *