When politics and money collide, unexpected passions emerge. That’s exactly what happened to Eric Trump, who recently confessed he only dove into the world of cryptocurrency after a wave of political attacks. His comments at Consensus 2025 in Toronto shed light on why he now dubs Bitcoin “digital gold,” and why he thinks it outshines traditional assets like real estate. For context on Bitcoin’s history and value proposition, check out this primer on Bitcoin’s store-of-value thesis and a deep dive into crypto’s evolving role in finance.
“Digital Gold” and the Lure of Liquidity
Eric Trump didn’t grow up dreaming about crypto. As he explained, it wasn’t until “the very same group that was attacking my family … started attacking the crypto community” that he became curious. Once politics intertwined with the blockchain world, he realized Bitcoin’s key advantage: liquidity. Unlike those hotels and skyscrapers he knows so well, he observed that selling real estate can drag on for 18 months, whereas Bitcoin can be moved, sold or transferred almost instantly. That immediacy, he said, cemented his view that Bitcoin is a slick, hassle‑free store of value CoinDesk.
From Hotels to Hashrates: Why He Co‑founded American Bitcoin
Having built an empire in real estate, Eric noticed the cumbersome process of offloading physical properties—title searches, management approvals, endless paperwork. “I sold a hotel two years ago. It took me a year and a half to literally transact that hotel,” he quipped. In contrast, Bitcoin transactions are swift, transparent, and don’t require managers or title reports. That epiphany drove him to co‑found American Bitcoin, a mining firm partnering with Hut 8 and soon merging with Gryphon Digital Mining to go public. The name itself was deliberate: “It has to have the word American, and it has to have the word Bitcoin in it,” Trump said, signaling a patriotic embrace of the technology CoinDesk.
Politics as an Unlikely Catalyst
It’s ironic that political weaponization pushed Eric Trump toward crypto adoption. He admitted that seeing critics attack “the crypto community” triggered a sense of solidarity and curiosity. Politics may have been the spark, but the flame has been fueled by Bitcoin’s fundamentals: decentralized security, borderless transactions, and limited supply. His background in real estate taught him about wealth preservation—yet Bitcoin’s model of scarcity (only 21 million coins) and ease of transfer turned him into a believer.
What It Means for Mainstream Adoption
When a high-profile figure like Eric Trump publicly lauds Bitcoin, it sends ripples through both political and financial spheres. It underscores how cryptocurrency is no longer fringe tech but a mainstream contender for value storage. His venture into mining also highlights the growing institutional appetite for infrastructure—mining rigs, data centers, and public listings—beyond mere trading.
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