President Donald Trump’s son, Eric Trump, has repeatedly embraced Bitcoin, calling it a powerful hedge against valued sheds and real estate. He is an asset class he is deeply familiar with due to his background in construction and property development.
“I really believe Bitcoin is one of the biggest stores worth it and is an incredible hedge against liquids, real estate right away,” Trump said. Interview I will be using Fox Business Network (FBN) on Tuesday.
Trump also explained that after extensive bank cancellations targeting Trump’s family accounts without a valid reason, he will become interested in cryptography.
He said these actions were politically motivated and were part of a larger move to target conservatives.
“Aside from the fact that my father was in politics, I didn’t think I would fall into the crypto world until all the banks started canceling us,” Trump said.
This experience made him appreciate the decentralized nature of Bitcoin and become resistant to censorship.
The Trump organization’s executives are currently involved in Crypto Ventures, including World Liberty Financial (WLFI) and American Bitcoin. Bitcoin in America, Bitcoin mining venture 8 supported by Trump’s son and hut 8, Release yesterday.
“Bitcoin in America. I think it’s going to be one of the great companies out there, so I really believe it,” he said.
Discussing Defia Venture, Trump expressed confidence in his future success and said he is “doing incredibly well.” Last week, WLFI announced it Stablecoin and USD1 are now on sale. The announcement comes after the team managed to surpass $550 million through token sales.
Regarding crypto regulations, Trump highlighted the need for clearer guidelines in the industry, saying “everyone wants guidelines,” and that the US needs to maintain leadership in this area.
“If you look at the decade in this country, the nature of finance, the nature of banking will be very different from today,” Trump said, adding that blockchain technology can perform banking functions “better, cheaper, more efficient, faster.”
Trump also expressed his support for US stubcoins, citing research showing low European interest in euro-based stubcoins. “I think the US stubcoins are actually saving dollars in a very big way,” he said.
Trump recently joined Metaplanet’s Strategic Advisory Committee. The appointment was seen as part of the company’s ongoing efforts to become a major company in the Bitcoin economy.
Not only Bitcoin, but Trump’s son is also bullish at Ethereum. In a February X post, he recommended it to investors It accumulates more ether.
The token is currently trading for around $1,900, down nearly 30% from his post.
