Eric Trump has confirmed President Trump owns significant Bitcoin holdings. Speaking at TOKEN2049 in Dubai, he expressed confidence in Bitcoin’s growth potential, labelling it “digital gold”. The Trump administration has adopted pro-crypto policies, including a national reserve for confiscated Bitcoin. Despite scrutiny over profits from cryptocurrency, President Trump denied any self-serving motives, indicating a firm belief in the future of the digital currency market.
Eric Trump has recently confirmed what many suspected: his father, former President Donald Trump, owns a considerable stash of Bitcoin. Speaking at the TOKEN2049 event in Dubai, Eric described Bitcoin as “digital gold” and expressed confidence in its potential for significant growth. He also mentioned that he and his father share a strong interest in cryptocurrency, although he didn’t provide any specific numbers on their holdings.
The remarks made by Eric Trump hint at a growing relationship between the Trump administration and the crypto world. Recently, Donald Trump has publicly stated his support for cryptocurrency, emphasising that if the U.S. fails to adopt it, China will take the lead. “It’s new, very popular, and extremely hot right now,” he remarked, underlining his bullish outlook on digital currencies.
Notably, Trump has commented positively on Bitcoin even during turbulent times in the financial markets, pointing out that crypto demonstrated resilience amid broader market declines. He reiterated his enthusiasm for the industry, referencing the millions who engage with cryptocurrencies daily.
Under Trump’s presidency, there have been notable moves towards embracing cryptocurrency, most prominently the creation of a crypto reserve. In March, Trump signed executive orders directing the consolidation of seized Bitcoin into a national reserve. This is a shift from the previous administration’s approach, as it prevents immediate sale of those assets. Trump’s government plans to expand these holdings without incurring additional costs to taxpayers.
The administration’s strategy also includes a proposal to create a stockpile of other cryptocurrencies from forfeited assets, maintaining these holdings rather than rushing to liquidate. Trump has tasked a committee with finding ways to enhance the value of these crypto assets.
In a move to ensure clearer regulation for the crypto sector, Trump appointed Paul Atkins as the new chair of the SEC. His goal is to foster a more transparent and supportive environment for cryptocurrency businesses.
Eric Trump has been a vocal supporter of cryptocurrency for quite some time, having released several NFT collections and accepting payments in Ethereum. On his inauguration day, he also launched a meme coin named TRUMP, which surprisingly hit a market cap of $75 billion in less than two days—a meteoric rise that has since slumped by over 90%. Despite the harsh criticism claiming he’s exploiting crypto for personal gain, he firmly denied these allegations, stating he’s not even aware of the coin’s current performance.
As the landscape for cryptocurrency continues to evolve, the Trump family appears to be entrenched in the industry, making it clear they believe in its future.
