Fully Embracing Digital Assets: Eric Trump Talks About the Future of America and BTC
On August 29, 2025, at the BitcoinAsia event held in Hong Kong, Eric Trump shared his views on BTC, the Trump family's experience in the digital asset world, and his beliefs about the future development of the United States in this field.
Eric Trump believes that BTC is "the greatest asset in the world" and "the greatest store of value in history." He predicts that the price of BTC will reach $1 million in the coming years.
The following is the full text of the speech: Opening host: Bitcoin Treasury Company and the strongest listed company in the world. Most companies fear volatility, but we harness it. There are few companies globally that can achieve compound growth at such speed and scale, and we have no intention of slowing down. We believe we can redefine the market, and our goal is to become Japan's smartest star.
I have a close friend who also spoke on stage before, and that's Simon from EPL. When I asked him, "What troubles has Bitcoin actually brought?" he candidly replied, "We are facing a shortage of Bitcoin."
This is the "Bitcoin effect." And this is just the beginning. Welcome back, everyone. Now let's move on to the final fireside chat of today. It is a great honor to introduce my co-founder and the CEO of Kindly Andy and Nakamoto, David Bailey, as well as the Executive Vice President of the Trump Organization, Eric Trump.
Please welcome David and Eric to the stage. Alright everyone, today we have prepared an exciting discussion. I would like to share a short story first. Last year when we held this conference in Hong Kong, I received a call saying, "There will be a Bitcoin conference at Trump Tower in two weeks, and you must go buy a suit immediately."
So two weeks later, we went to that meeting and explained the value of BTC to them. That meeting triggered a chain reaction that brought Eric to Hong Kong and pushed BTC to a height of 100,000 dollars. This was indeed a big deal.
I want to start with a question. First of all, I am often asked by the media: "Is the president supporting Bitcoin just to attract votes?" I think to myself, isn't that the meaning of campaigning? You are supposed to be vying for votes and pushing for popular things.
But one thing I really respect about your father is — he is truly a thorough entrepreneur. He can find opportunities where others cannot see them, and that is the true trait of an entrepreneur. He saw an opportunity here that is worth pursuing. So I want to start with your story, not just your father's experience, but also yours, Eric, how did you come into contact with Bitcoin?
Eric Trump: First of all, I want to say: Hong Kong, we really love you! Thank you for such a warm welcome. Look at this venue, it’s incredible, beyond imagination, like a rock concert! Since I got here, the hospitality you have shown me is truly unbelievable, and I am sincerely grateful. Our whole family loves it here.
Speaking of which, I want to particularly mention another special person - David. He is so humble that he won't say it himself, but I have to speak up. Do you know?
Because my father was in politics, our entire family in the United States unexpectedly experienced the "de-banking" by large financial institutions, a point I will never forget. During that time, we began to meet some truly remarkable people in the cryptocurrency space, one of whom was David Bailey. One day he called my father — I had just shared this story in front of another group of audience — and said, "I would like to invite you to speak at the Bitcoin conference in Nashville."
My father then called me and said, "Hey, what do you think about this BTC? I certainly believe in digital assets, but do you think I should go and participate?" I replied, "Of course you must go! You have to voice your opinion at this conference."
Thus, David Bailey became the first to invite the current President of the United States to take the stage at the Bitcoin conference before he was elected, and even before the media had faith in him. The Bitcoin community embraced him with unprecedented enthusiasm, embracing my father. I have never seen any community support him like this.
I sincerely hope that all of this has already paid off, because we really love this community, and we believe in this community. I now invest 90% of my time and energy here. BTC is the greatest asset in the world. We are changing finance, changing modern banking, and changing the entire contemporary financial system.
It may be the most powerful means of value storage created in human history. Trust me, looking back three years, five years, ten years from now, you all present will be the true pioneers in this field. And all of this is thanks to the gentleman before us. David, we love you, we are very grateful to you, thank you for starting this journey for our family and for the countless people present.
David Bailey: Eric, you are the top diplomat of the "Bitcoin Nation," and the Bitcoin Nation is spread across every corner of the globe. This is the nation of Bitcoin. So well done, sir! Now let's get to the point. You are fully committed and have already begun some entrepreneurial explorations.
Eric Trump: First of all, Simon was supposed to be on stage with us today, but he couldn't make it for some reasons that are inconvenient to elaborate on. However, Simon, you were just here, I saw you! Come on, stand up and take a lap around the stage! — Everyone, take a look, this friend has made incredible contributions to BTC in Asia.
He is the "Michael Saylor" of Asia. He is amazing and a good friend of mine. He called me a year or two ago and asked, "Eric, would you like to join my company?" I immediately replied, "It would be my honor!" I am very proud to stand shoulder to shoulder with him. He has not only changed Japan's view on digital assets but has also profoundly influenced many countries in Asia, and he deserves tremendous praise. So, dear friend, we love you, you are fantastic! Of course, in addition to Metaplan, there is also American Bitcoin.
Let's talk about American Bitcoin. One of my great partners, Mike Ho Asher, is also here with us, right over there. If you know a family that truly loves America, it's us. While I love the whole world, we are indeed Americans at heart. The United States, especially Texas, has some of the cheapest energy in the world. So we founded a company called American Bitcoin, which is one of the largest BTC mining companies on the planet. We mine about 3% of the world's BTC every day.
We are about to be listed on Nasdaq. The average energy cost of Bitcoin mining is about $37,000, and what is the price of Bitcoin now? It's roughly between $112,000 and $130,000. So, in the field of Bitcoin mining, we are as excellent as anyone in the world, and even better than anyone.
At the same time, we are also implementing a strategic model on the other side. We feel incredibly proud to launch such an amazing venture. I believe we will become one of the greatest BTC companies in the world. And the cooler part is, it's not just us. You see, there are Sims leading the way, there are DA leading the way, and there is American Bitcoin that will also lead the way; and then there's Michael Saylor — through his strategic actions, he is truly playing a leadership role.
At the same time, sovereign nations are crazily buying Bitcoin, and Fortune 500 companies are also crazily buying Bitcoin. The world's largest families and biggest companies all believe in this digital value reserve. Everyone wants Bitcoin, and everyone is buying Bitcoin. This is why I have always said that in the next few years, Bitcoin will rise to 1 million dollars, without a doubt.
This morning, while having breakfast with some of the most powerful hotel industry giants in the region, I was also explaining what digital currency really is to them. That moment made me deeply realize how early we still are in this race — and that is a huge advantage.
I often hear people say, "Should I get into cryptocurrency? Have I missed the opportunity? Is it too late?" Each time, I can't help but laugh. I tell them: we haven't even touched the true potential of BTC, and we haven't even touched the true potential of digital assets.
Now is the best time to buy. Volatility is your friend; buy now, close your eyes, hold for five years, and you will definitely see amazing returns. It's all really too interesting and too exciting.
David Bailey: Actually, I didn't tell you this question in advance, and you probably weren't prepared with an answer. But I'm thinking — if we're talking about who can enter the circles of the most interesting, wealthiest, and most powerful people in the world, I really find it hard to imagine anyone other than the Trump family having such an opportunity. So, throughout this journey and in your interactions with them, what has been the most interesting viewpoint you've heard? You've traveled to many countries discussing Bitcoin; what has surprised you the most?
Eric Trump: Well, let me give you an example. I once spoke with someone who governs a major country, and he told me that they would use the entire energy supply of a large city during the winter to mine BTC, because their belief in this digital asset is that strong.
I won't tell you which country it is or who it is, but I can tell you: sovereign wealth funds believe in BTC, the largest family in the world believes in BTC, the largest banks believe in BTC, and large capital accumulators also believe in BTC. Moreover, more and more retail investors are beginning to understand it, and it's not just understanding.
Many people actually already know what Bitcoin is and what cryptocurrencies are, but they have never had a truly convenient way to access them. The situation is changing rapidly now — every day, Bitcoin is becoming easier for ordinary people to obtain. Major financial institutions around the world are starting to custody digital assets, and exchanges are becoming more and more refined and user-friendly.
In the past, I used to complain; as someone from the hotel industry, I would criticize exchanges for being "too complicated," especially since buying cryptocurrencies in DeFi is really difficult, which hinders the public's entry. But now the situation is completely the opposite — everything is becoming simpler and more mainstream.
You know, another thing I'm currently working on is a company called World Liberty Financial. Our goal is actually to bring cryptocurrency into the public's life and even introduce the concept of the hotel industry into the crypto world. Now, more and more people are finding channels to buy and hold cryptocurrency.
In the United States, people can finally incorporate it into retirement plans, which means trillions of dollars in liquidity are beginning to flow in, opening the door for digital assets. You see, now even BlackRock has come in, the largest banks in the world are buying. The largest companies globally are putting it into their corporate treasuries, and they have no intention of selling it. Retirement accounts won't sell BTC, companies won't sell BTC, sovereign wealth funds won't sell BTC, and the total supply of BTC is only 21 million.
This is the only commodity in the world that cannot be infinitely issued. For example, if gold really rises to 20,000 dollars per ounce, I can directly break open the pillars of this building and surely find gold inside. But this kind of thing is simply impossible in cryptocurrency, as BTC is limited, which gives it such power. And when you are in those circles, even those people I met with this morning, once their interest is ignited, you can be sure that they will soon go buy BTC.
And those who are buying in, or are about to buy in, are the ones who will win in this competition in the future. Because the capital market opens pathways for the public every day, allowing more people to purchase what may be the greatest asset in human history. David Bailey: In Nashville, your father promised to make the United States a global Bitcoin superpower. Moreover, he set a rather ambitious timeline.
Many people doubted whether it could be done at that time, but the result is that he completed one task after another. We have just passed the stablecoin bill and signed the SBR; he has already done a lot. It's really quite crazy. Now we are in Hong Kong, and I don't know if I should say this, but actually, another Bitcoin superpower in the world is China.
It is one of the largest markets for BTC, with a large number of miners, users, and holders. What do you think about the efforts made by the United States in terms of policy? How do you view the actions taken by other global BTC superpowers in terms of policy?
Eric Trump: First of all, I want to congratulate everyone present, because there is no doubt that you have made an incredible mark in the Bitcoin and cryptocurrency space. Undoubtedly, China is a significant force in this field and has carved out its own path. Likewise, the Middle East is also embracing cryptocurrency on a large scale, moving very quickly and very firmly.
Of course, some small countries in South America may not have such great purchasing power, GDP, or monetary means, but what is equally important is that they are filled with passion and belief. Although they lack financial resources, they make up for the gap with their spiritual will. However, I am not trying to compare countries together.
I just want to say that my father really believes in digital assets. When he took over, the United States was led by a completely incompetent president (I can say it straight, Biden is completely incompetent). And at the moment he took office, he immediately made a 180-degree turn in the trajectory of the United States, instantly embracing the digital revolution, because he understood that it is the future of finance. The result is that the U.S. accelerated from 0 to 100 directly. I believe that in the past 7 months, the progress the U.S. has made in digital assets has even surpassed the previous 10 years.
The reality is that many places around the world are watching how the United States moves and using it as a reference, whether to imitate or to carve out a different path. I truly believe that the United States is currently winning the digital revolution. This is entirely because there is a person so dedicated to success, a person who truly believes in the vision—he was holding BTC long before he became president and saw the future.
And it is precisely because he and his family have suffered from the oppression of the financial system (every bank and financial institution has been "weaponizing" against them) that it forced us to turn to cryptocurrency. People always ask me: if the banks hadn't blocked your accounts back then, would you still have taken this path? My answer is: probably not.
If it weren't for that experience, I might still be building hotels around the world, continuing with my old business. Of course, I am still working on many hotel projects today, but I wouldn't be as fully devoted to cryptocurrency as I am now. "Along the way, it has been due to their crazy crackdown on us, their relentless pursuit, just because my father is in politics, while they are also suppressing you—many of you present have been targeted.
What is the result? I began to meet some of the most remarkable people I have ever encountered in my life. They are incredibly honest, believe in the future, believe in technology, and are people who want to build great companies that are vibrant and can change the future of humanity. Yet they are treated like dogs, ruthlessly mistreated for no reason at all. And our family is the same way, treated very unfairly.
So people often say a phrase: 'The enemy of my enemy is my friend.' This is precisely how the Trump family became connected with this community—strangely enough, the enemy's enemy became a friend. When you communicate with these people, you will discover their wisdom. When you communicate with these people, you will also realize how outdated the old financial system is.
You see, after 4:59 PM on Friday, you won't be able to make any remittances until next Monday. If you're lucky, it might reach the recipient on Monday afternoon or Tuesday. This is not the rhythm of the modern world at all! Come on, finance should be 24/7, that's what people expect and demand, and we are pushing for this change every day.
"The journey on this road has been beautiful; I never imagined I would walk this path. If you had asked me ten years ago, I definitely wouldn't have believed I would stand in this position today. But this may be the most meaningful and rewarding journey of my life." David Bailey: "Your father has already put BTC on the global stage."
I have always had the view that money can connect people. Bitcoin countries - no matter where you live, there is a common bond. I believe that Bitcoin will play an important role on the diplomatic stage in the future. This morning, I received a question, and I would like to ask you on behalf of the CNN reporters present: Your father will soon meet with leaders of other countries; do you think Bitcoin will become one of the topics of their discussions?
Eric Trump: "Honestly, I really wish they could talk about Bitcoin because it's a topic I'm very passionate about. But I think they might have more important issues to discuss. However, if it were me, I would be the first to ask: 'Can we talk about Bitcoin?' I even want to throw out an idea: maybe in the future we could use Bitcoin to pay tariffs? That would be great."
You see, the United States and China are actually at the forefront of the cryptocurrency space. This is probably a topic that the leaders of both countries understand better than anyone else in the world. However, if we pull back the lens and say this without joking, it really is a community.
Moreover, it may be the most diverse community in the world. When discussing Bitcoin, you will see people from different cultures, different societies, different languages, and different religions sitting at the same table, more diverse than any group. This is truly a global community, united by a great and transformative belief that will reshape the future, which is wonderful. Through this community, I have met more outstanding individuals from around the world than in the hospitality industry.
The people you meet here will also be seen at the next conference in Miami, at the Consensus conference in Toronto, in Abu Dhabi, and you can see them everywhere. This is a truly global community, and I believe this is a great thing for humanity. Additionally, there is one point that few people mention, and maybe it sounds a bit direct: the traditional financial system has always benefited people like me, but has not benefited the vast majority of ordinary people.
It only benefits those accounts with several zeros behind them, as they have leverage and power. They can directly call the bank executives to cut a point off the loan interest rates, waive various fees, or simply borrow money that ordinary people cannot possibly access. The Bitcoin community, however, is different; it truly achieves equality for everyone, regardless of wealth.
This is a great thing. It allows people in Sub-Saharan Africa to have the same opportunities as executives on Wall Street in New York. This is the first time in history that there are no class differences in the financial sector, and we should cherish this. What will the price of Bitcoin be in the next two to three years? I have always said this: in my heart, there is no doubt that Bitcoin will rise to one million dollars, and there is no need to question this.
By the way, I don't think it will stop here; it can go even higher. Because you have high-speed assets that everyone wants, but the supply is extremely limited, it's not rocket science to figure out where it's headed. Additionally, traditionally, hard assets had not much practical use in the past, merely being "digital gold," a means of value storage.
And now, every day, — David might see it more clearly than I do — new ways are being invented: staking it, earning yields, using it for daily consumption, using it as purchasing power. So step by step, you have endowed this digital gold, which was originally just a store of value, with great practicality. Every use case of Bitcoin is astonishing. To be honest, volatility is actually our friend.
People often ask me: When is the right time to buy? — It’s now! It’s this moment! I can't tell you how many times I've told others to buy BTC, but every time they didn't take action, later coming back to say, "If only I had listened to you back then." In fact, I even tweeted once that could be considered "one of the best predictions in BTC history." At that time, BTC was around 82,000 to 83,000, and I tweeted: Now is a good time to start buying BTC.
As expected, it quickly dropped to 79,000, even going as low as 78,900, and then in just about 90 days, it rose from 79,000 to 124,000. I almost pinpointed it, missing the bottom by just a couple of thousand points. But people came to me saying, "Why didn’t you tell me?" — I thought to myself, I clearly announced on Twitter to my ten million followers, "Go buy BTC."
I truly believe that you should buy, then close your eyes and hold long-term, and definitely don't sell. I think Michael Saylor said it well: "Sell a kidney to buy BTC." Of course, he was joking, but the logic behind it is correct: buy, hold, and you will get excellent returns.
