Participating in Consensus 2025, Donald Trump's son announced plans involving
Eric Trump speaking during Consensus 2025 (Photo: CoinDesk)
Last Thursday (15), the son of the US president, Eric Trump, participated in the Consensus 2025 event to share future adoption plans for bitcoin by his father's government. While speaking, he declared the potential of bitcoin to be the greatest store of value in history.
The event, which runs until this Friday (16), brought together major names in the cryptocurrency market. Thus, Eric is expected to return to the stage to talk this time about stablecoins, another trending topic in the global crypto market, alongside Ethereum and Cardano co-founder Charles Hoskinson, Sergey Nazarov (co-founder of Chainlink), and the co-founders of Donald Trump's DeFi project, World Liberty Financial.
Co-founder and strategy director of American Bitcoin, Eric Trump discussed cryptocurrencies at Consensus 2025 in Toronto, with Hut 8 CEO Asher Genoot and Blockspace Media editor-in-chief Colin Harper.
Eric Trump says that with 1/3 of mining cost compared to market value, bitcoin is one of the greatest stores of value in human history.
According to information released by the event's organization, the historic participation of Donald Trump's son in an event in Canada helped companies and investors understand how the US is dealing with this market.
But regarding bitcoin, Eric stated that he has no doubt about its potential as a store of value. “I really believe in digital gold, which is bitcoin, right? I believe in the store of value,” he said.
When talking about bitcoin as a store of value, alongside a businessman from the large-scale mining sector, Eric Trump recalled the country's competitive potential in the sector. “If I can mine an asset for literally one third of the cost that it is currently being traded at, and we can do this in the United States using the lowest energy costs in the world, and you're doing this with an asset that appreciates 60% year over year, this has probably been one of the greatest stores of value in human history. This is an incredible combination,” he added.
“We can win the bitcoin mining race,” says Eric.
Eric Trump also recalled that he has not always been a fan of the crypto market. But seeing that the same group that attacked his family also attacked this market for political reasons, he began to take an interest in the subject.
“It was only when the same group that was attacking my family for no reason other than political beliefs started attacking the crypto community that it really brought together two people who might not always have had the same mindset, and this partnership has been absolutely incredible.”
Consensus 2025 attracted the largest audience in its history since the event began. Thus, Eric Trump's participation showed that the world may prepare for the arrival of the US in bitcoin mining, a race he hopes to win.
“I think we are going to accumulate a huge amount of bitcoin. But I also want to be the person who will mine it, by far the cheapest. And I think we can win this race,” he concluded.