Umair
Eric Trump, son of United States President Donald Trump, has doubled down on his bullish take on Bitcoin by stating that the digital asset is “one of the greatest stores of value.”
Eric Trump’s shared the comments on Bitcoin (BTC) during an interview on Fox Business.
The remarks come as the U.S. becomes increasingly pro-crypto under Trump’s administration, with the U.S. president also a vocal supporter of digital assets.
During the interview, Eric said he’s been a “hard asset guy” all his life, mainly real estate.
“If there’s anybody’s eyes who shouldn’t have opened to the world of cryptocurrency is mine,” he noted.
According to Eric Trump, his perspective changed once he realized how powerful banks had misused their influence, politicizing it to cancel and lock out individuals they disagreed with. His remarks referenced the crypto debanking controversy that affected the industry during the previous administration.
Blasting traditional banking as “antiquated”, he added:
“I believe that Bitcoin is one of the greatest stores of value, immediately liquidated and an unbelievable hedge against real estate and something we are really excited about.”
The statement is one of Eric’s bold takes on crypto and BTC, having previously forecast that digital assets‘ top coin could eventually rise to over $1 million.
Following President Donald Trump’s victory in the November 2024 election – which he won and became the “first Bitcoin president” – Eric said in a speech:
“I believe in Bitcoin. I absolutely love Bitcoin, and I’m very proud that my father stood on stage in Nashville and said that he’s going to be the Bitcoin president,” he told attendees at a Bitcoin event held in Abu Dhabi in December 2024.
Eric Trump is part of the Trump-family backed World Liberty Financial, a crypto project he teased in August 2024 ahead if its launch. World Liberty Financial has since bet on multiple altcoins, including Ethereum (ETH), which gained after Eric’s bullish comments in early February.
Meanwhile, Trump recently signed an executive order establishing a strategic Bitcoin reserve. The president also held the first ever crypto summit at the White House in March.
