Eric Trump, Executive Vice President of the Trump Organization, has praised Bitcoin BTC/USD as one of the greatest stores of value, emphasizing its immediate liquidity and effectiveness as a hedge against real estate investments.
What Happened: In an interview with Fox Business on Tuesday, Trump highlighted Bitcoin’s unique advantages over traditional assets, pointing to its role in the Trump family’s growing involvement in the cryptocurrency sector amid their broader push into digital assets.
Trump, whose family recently invested in a Bitcoin mining venture called American Bitcoin through a merger with American Data Centers, explained how his perspective on crypto evolved after experiencing what he described as unfair treatment by major banks.
“I truly believe that Bitcoin is one of the greatest stores of value, immediately liquid, an unbelievable hedge against real estate, and something we’re really excited about,” Trump stated, contrasting Bitcoin’s portability and efficiency with the illiquidity of physical assets like real estate.
He further elaborated on Bitcoin’s appeal, noting, “There’s not a single thing that those banks do that can’t be done better, cheaper, more efficiently, faster on blockchain.”
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The real estate executive, who has spent his career building hotels, golf courses and commercial buildings, said he never expected to become a crypto advocate. But a wave of what he described as politically motivated account closures by major banks—including Capital One, Chase and Bank of America—pushed him toward decentralized finance and digital assets.
“I never thought I’d fall into the world of crypto until every bank started canceling us for absolutely no reason other than the fact that my father was in politics,” he said, adding that “there’s not a single thing that those banks do that can’t be done better, cheaper, and faster on blockchain.”
Trump framed his support for Bitcoin as both a practical business decision and a personal awakening, driven by concerns over censorship in traditional financial systems.
“You can’t be canceled with Bitcoin. It’s global, transparent, and empowers people in a way traditional banks do not,” he emphasized.
Why It Matters: Beyond Bitcoin, Trump also expressed optimism about the broader crypto landscape, including stablecoins and decentralized finance.
He suggested that regulated stablecoins could bolster U.S. dollar dominance globally and called for clear regulatory frameworks that allow innovation to thrive.
“Crypto is here to stay,” Trump stated. “It’s solving so many financial problems. When we look out 10 years, banking in this country will finally get into the modern age.”
Additionally, Trump criticized the weaponization of financial institutions against businesses and highlighted systemic fraud, such as non-citizens receiving Social Security numbers, which he believes undermines the American system.
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