Eric Trump revealed that his father, President Donald Trump, has a considerable investment in Bitcoin and is optimistic about its potential.
This comment was made during an interview with Bloomberg at the TOKEN2049 cryptocurrency conference held in Dubai.
Eric referred to Bitcoin as “digital gold” and forecasted significant growth in its value. Although he didn’t specify amounts, he described both his and his father’s Bitcoin holdings as considerable, labelling it a personal investment of great significance.
Trump Family’s Strong Support for Crypto
Eric Trump’s comments echo his father’s growing engagement with cryptocurrencies. He believes that failing to embrace crypto in the U.S. will allow other countries, like China, to take the lead. He described crypto as currently being “very popular” and “extremely hot.”
At the TOKEN2049 conference in Dubai, Eric Trump expressed strong support for Bitcoin, describing it as “digital gold” and revealing that both he and his father, President Donald Trump, hold significant amounts of the cryptocurrency. He predicted that Bitcoin would experience…
— Wu Blockchain (@WuBlockchain) May 7, 2025
Furthermore, President Trump noted that during market fluctuations in April, while traditional markets suffered declines, cryptocurrencies displayed remarkable stability. He emphasized that with millions already invested in crypto, it is a sector deserving of attention.
New Government Strategies for Crypto Assets
Eric shared that President Trump is implementing a new approach to managing Bitcoin seized by the government. In March, an executive order was issued to stop the sale of confiscated Bitcoin, opting instead to create a national crypto reserve for these assets.
This strategy aims to protect and possibly enhance the value of these assets, rather than cashing them out. Plans include purchasing additional Bitcoin and various cryptocurrencies through forfeiture without burdening taxpayers. There’s also mention of acquiring altcoins through similar methods.
Leadership at the SEC
During Eric’s interview, it was revealed that there have been significant changes at the Securities and Exchange Commission, with Paul Atkins—a former commissioner—appointed to ensure the development of clearer regulations for the crypto industry.
This initiative is intended to eliminate the ambiguity and confusion that have hindered crypto investors over recent years.
Backlash Over TRUMP Meme Coin
On the day of his inauguration, it was reported that President Trump launched a meme coin called TRUMP, which rapidly reached a $75 billion market valuation within 48 hours. However, its value plummeted by over 90%, raising concerns about potential exploitation of his public image for crypto gains.
President Trump denied any involvement in the coin’s downfall, stating he is unaware of its statistics and dismissing claims of profiting from its release.
As cryptocurrencies gain mainstream traction, both Eric and Donald Trump are making substantial moves into this space. Only time will tell if their investments will be successful.
Featured image from Gemini Imagen, chart from TradingView
