Key Takeaways
- Bitcoin as Digital Gold: Eric Trump says bitcoin’s finite 21 million supply makes it superior to gold, portable, and poised to hit $1 million.
- Broken Banking: After being debanked, Trump blasted traditional finance as outdated, slow, and inefficient, arguing bitcoin enables instant, low-cost global transfers.
- Crypto and Freedom: Trump framed cryptocurrency as a fight for financial sovereignty, predicting American Bitcoin will be a leader in building the future of money.
Eric Trump isn’t mincing words when it comes to the future of money. The co-founder of American Bitcoin and executive vice president of the Trump Organization declared that crypto is not just speculation—it’s the next evolution in global finance. Appearing on Making Money with Charles Payne, Trump called bitcoin “digital gold” and predicted the asset could eventually soar to $1 million.
Trump said his “epiphany” came when banks suddenly debanked him and his family’s businesses. “Capital One sent me a letter in the middle of the night stripping 300 bank accounts from [our properties] for doing absolutely nothing wrong,” he recalled. That experience pushed him toward crypto, where he saw “brilliant minds” solving problems in what he described as an “antiquated” financial system.
Traditional banking, he argued, is bogged down with inefficiencies. “It took me 120 days to get a mortgage from a bank I’d banked with for 25 years. Every week I was chasing SWIFT wires…Bitcoin is the way of the future.” Unlike gold, he explained, bitcoin is portable, finite, and liquid: “With bitcoin, there will never be 21 million and one coins.”
Trump also highlighted stablecoins as a way to strengthen the U.S. dollar, giving people worldwide a secure, fast, dollar-backed alternative when they can’t trust their own governments.
Major institutions are finally catching up, Trump noted, allowing everyday investors to buy bitcoin through mainstream banks. “I do think it will hit $1 million eventually. I’ve never been more bullish.”
For Eric Trump, crypto is not just about technology—it’s about freedom, sovereignty, and building American leadership in the next frontier of finance.