Toronto – Eeric Trump, son of US President Donald Trump, said that he was thinking that Bitcoin was digital gold and qualified the largest digital value of value, during a panel crowded with 2025 consensus in Toronto.
“I really believe in digital gold, which is Bitcoin, right? I believe in the reserve of value,” said Trump.
However, Eric Trump – who has real estate training – told Coindesk’s 2025 Consensus Conference in Toronto that he had not entered Bitcoin or Crypto until politics held back the Trump family and the cryptographic community.
“It is only the same group that attacked my family without reason other than political beliefs, began to attack [the] Crypto Community that it really led two people who may not have always been sharing together and that the partnership was absolutely incredible, “he said on Thursday.
Aside from politics, he also realized that real estate was not as liquid as Bitcoin, which has better liquidity and was easier to transform, solidifying its belief in digital currency. “I also made, in a way, through a part of this political weapon, you know, some of the real estate limits. Real estate has created enormous wealth for our family. At the same time, real estate cannot be transferred. It is very difficult to sell,” he said.
“I sold a hotel two years ago. It took me a year and a half to literally transform this hotel because you have title reports and you have managers who have to enter, and you have the best proliferation. You do all kinds of things,” said Trump. “… you must constantly manage it. You must constantly look at the operations, right? And then suddenly, you have this type of digital asset that you don’t need to look, you don’t need to manage. You know, it’s easy to transform.”
Trump is the co-founder and director of strategy of American Bitcoin, a Bitcoin extraction company founded in partnership with Hut 8 and planned to become public via a merger with Gryphon Digital Mining (GRYP).
Gryphon’s partnership came from a desire to make the public with American Bitcoin partnership as quickly as possible, said CEO of Hut 8 Asher Genoot on stage alongside Trump to a single crowd. An existing mining activity was a key element of this plan as well as obtaining the name “American” and “Bitcoin” within the framework of the name of the company.
“American Bitcoin, for me, is all, you know. And I found the name, I said one thing. I said, listen, he must have the American word, and there must be the word bitcoin,” said Trump.
