Eric Trump Reveals His Entry into Crypto Was Sparked by Political Attacks, Hails Bitcoin as 'Digital Gold'

During a packed panel at Consensus 2025 in Toronto, Eric Trump, son of U.S. President Donald Trump, expressed his belief in bitcoin as a digital store of value, likening it to 'digital gold'. Trump's journey into cryptocurrency began when political attacks on his family drew him to the crypto community. He noted that the same groups targeting his family also targeted the crypto community, forging an unexpected alliance. Trump, who comes from a real estate background, was drawn to bitcoin's superior liquidity and ease of transaction compared to traditional real estate. He highlighted the challenges of selling real estate, citing the example of a hotel sale that took over a year to complete due to complexities like title reports and managerial involvement. In contrast, digital assets like bitcoin offer a hassle-free transaction experience. As co-founder and chief strategy officer of American Bitcoin, a bitcoin mining firm, Trump is committed to the potential of cryptocurrency. The company, founded in partnership with Hut 8, is set to go public via a merger with Gryphon Digital Mining. The partnership was driven by the desire to take American Bitcoin public quickly, with the goal of incorporating 'American' and 'bitcoin' into the company name, reflecting Trump's vision for the brand.