During the second day of Consensus 2025, Eric Trump, son of U.S. President Donald Trump, defined Bitcoin as a store of value. He added that the leading cryptocurrency in the market is "digital gold" and possesses qualities that make it a superior asset. He also highlighted the advantages of investing in BTC compared to traditional sectors such as real estate.
In his speech, the businessman acknowledged that the real estate sector generated enormous wealth for his family, but noted that it is a complex market. "Real estate has generated enormous wealth for our family. However, they cannot be transferred. It’s very difficult to sell them," he stated.
He shared an anecdote about the sale of a hotel two years ago, whose transaction took a year and a half to finalize. "Because there are property title reports, managers that must intervene" and other processes that make it a cumbersome procedure, he explained. He added that it requires constant management and ongoing supervision.
In contrast, he referred to Bitcoin as a type of asset that "you don’t need to supervise or manage." He emphasized that there’s nothing easier than making transactions with BTC. After listing some of its advantages, Trump stated that he completely fell in love with those qualities. Currently, Eric Trump focuses his business activities on Bitcoin mining through his firm American Bitcoin.
Eric Trump recounts his arrival to Bitcoin
The son of the U.S. president shared the stage at Consensus with Asher Genoot, CEO of Hut 8, a mining company that figures as the main owner of American Bitcoin. Genoot emphasized the importance of quickly advancing with the project, leveraging the potential of the mining sector in the United States.
Both agreed on the need to take this subsidiary public soon. This step will be realized through a merger with Gryphon Digital Mining. In parallel, Trump emphasized that this company combines two fundamental elements for him: his country and the largest cryptocurrency in the world.
Eric recounted that his entry into the crypto world was a consequence of the political climate in the United States. He said that until a few years ago, he had not stopped to seriously consider this asset that so many people were talking about. However, due to the constant ideological attacks against his family, he understood the potential of Bitcoin.
He discovered that the same voices attacking his family were also attacking cryptocurrencies. It was then that he decided to deepen his knowledge on the subject. From that moment, he stated, cryptocurrencies and his family became inseparable. "It’s about two visions that haven’t always been the same, but the association is absolutely incredible," he emphasized.
For the Trumps, the interest in Bitcoin goes beyond a business strategy. President Donald Trump has incorporated the cryptocurrency as part of the strategic reserves of the United States. According to his vision, this currency represents a tool to address historical problems of the country, including the large national debt.
