Eric Trump Says He Got Into Crypto Amid Political Attack, Calls Bitcoin ‘Digital Gold’

Eric Trump, son of former U.S. President Donald Trump, voiced his belief in Bitcoin as “digital gold” and a store of value at Consensus 2025 in Toronto. His interest in cryptocurrency, however, wasn’t solely driven by financial considerations. He attributed his involvement to the shared attacks faced by his family and the crypto community from politically motivated sources. This unexpected convergence fostered a partnership that Trump describes as “amazing.”

Trump’s perspective was also shaped by his experience in real estate. He highlighted the illiquidity and complexities of real estate transactions, contrasting it with Bitcoin’s ease of transfer and superior liquidity. He cited the sale of a hotel, which took a year and a half to complete due to title reports, managerial processes, and other complexities. This experience underscored the advantages of a digital asset that requires minimal management and facilitates simpler transactions.

Trump’s involvement extends to his role as co-founder and chief strategy officer of American Bitcoin, a mining firm established in partnership with Hut 8. The company is set to go public through a merger with Gryphon Digital Mining (GRYP). This merger strategy prioritized speed and included securing the “American Bitcoin” name, reflecting Trump’s emphasis on these elements. The inclusion of “American” and “Bitcoin” in the name was a deliberate choice, representing Trump’s vision for the company’s identity. Asher Genoot, CEO of Hut 8, emphasized the importance of an existing mining operation and the strategic choice of the company’s name as key factors in the partnership and public listing strategy.