US President Trump: Bitcoin Whale? Son Eric accepts

Eric Trump stated his father, US President Donald Trump, owns a lot of Bitcoin and believes in its future.

Eric dubbed Bitcoin “digital gold” and predicted exponential growth.

He said he and his father had a “substantial” Bitcoin interest but did not provide numbers. He called it a huge personal bet.

Eric Trump's comments come as his father's cryptocurrency interest grows. His father believes crypto important to America because China will embrace it if we don't. He called crypto “very popular” and “extremely hot right now”.

His father also noticed that bitcoin was more stable than standard markets during April market volatility. He said that millions of people are already involved in the field, which is enough to pay attention to.

Eric claims Donald Trump has changed his approach on government-seized Bitcoin. He allegedly issued executive directives to stop selling seized Bitcoin in March. Instead, the funds will be placed in a national crypto reserve.

This is meant to protect and perhaps improve the value of those assets, not cash out. Without public funding, the scheme buys additional Bitcoin and other cryptocurrencies via forfeiture.

Crypto Oversight by Paul Atkins

Eric's interview addressed how the Trump administration has changed the SEC. Former SEC commissioner Paul Atkins will lead the agency.

This is part of a bigger effort to move away from the unclear and ambiguous legislation that has plagued crypto investors for years.

TRUMP, a joke currency introduced on his inauguration day, reached $75 billion in 48 hours. It was brief. The coin's price has dropped over 90%, raising fears that Trump may be using his public image to benefit from crypto.

Trump denies any role in the coin's performance. He denied generating money from its dissemination and said he doesn't know the figures.

Both Trumps are betting big on crypto's future as it gains public attention. Whether such bets pay out is unknown.

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