Eric Trump has claimed that surging demand for cryptocurrencies might “save the US greenback” by drawing world funding flows into America, tying the fortunes of digital property to the energy of the nation’s foreign money.
The president’s son and outspoken crypto supporter informed the Monetary Instances this week that the digital property increase would funnel “trillions from around the globe in wonky currencies” into the US.
He argued that Bitcoin mining and monetary independence might energy “a type of monetary revolution” rooted in America, including, “I believe it arguably saves the US greenback.”
Trump’s remarks got here hours after he rang Nasdaq’s opening bell to have a good time the market debut of American Bitcoin Corp, an organization the place he holds a stake valued at greater than $500m, in line with FT.
@EricTrump, co-founder of American Bitcoin (ABTC) and son of U.S. President @realDonaldTrump, reaffirmed his ultra-bullish stance on Bitcoin.#Bitcoin #Trumphttps://t.co/nusoChbQFW
— Cryptonews.com (@cryptonews) August 31, 2025
The agency emerged earlier this yr from a merger between his family-backed American Bitcoin enterprise and Gryphon Digital Mining, and now trades underneath the ticker ABTC.
Weaker Greenback Displays Fed’s Cautious Easing and Mounting Debt Fears
The feedback land at a time when the US greenback has weakened. President Donald Trump’s commerce battles, alongside along with his frequent clashes with the Federal Reserve, have unsettled buyers.
The Fed reduce rates of interest on Wednesday for the primary time this yr, reinforcing issues over inflation and debt ranges that proceed to stress the dollar.
Donald Trump has repeatedly argued for decrease charges since taking workplace, saying the US advantages extra from a weaker foreign money. He has additionally pledged to make America the “crypto capital” of the world and inspired regulators to take a lighter strategy to digital property, fueling file highs in bitcoin and different tokens.
Trump Household Expands Crypto Pursuits From ETFs to Memecoins and Stablecoins
The Trump household’s pursuits in crypto now span a Reality Social Bitcoin ETF, memecoins named after Donald and Melania Trump, and a stablecoin enterprise tied to Trump Media & Know-how Group.
Talking on the Bitcoin 2025 Asia convention in Hong Kong final month, Eric Trump predicted Bitcoin would inevitably attain $1m. He pointed to mounting demand from governments, firms and rich households. “All people needs Bitcoin. All people is shopping for Bitcoin,” he mentioned.
Additional, Trump solid crypto as a problem to Wall Avenue. He mentioned he took delight in constructing corporations with out the assistance of America’s largest banks, describing it as “the last word revenge in opposition to the massive banks and trendy finance.”
The Trump Group is presently suing Capital One, alleging it closed its accounts in 2021 for political causes, which the financial institution denies.
He added that crypto has modified perceptions of monetary entry. “You realise you simply don’t want them. And albeit, you don’t miss them,” he mentioned, referring broadly to Wall Avenue lenders.
Trump Ties to Stablecoins Add Political Weight to Monetary Debate
Stablecoins particularly are rising as a flashpoint between crypto and banking. US banking executives have warned they might drain deposits if they provide greater yields than financial savings accounts.
On the identical time, the White Home has inspired issuers resembling Tether and Circle to purchase US Treasury debt, a transfer seen as key to supporting the bond market as Washington points trillions of {dollars} in new debt every year.
Eric Trump has his personal stake in that development. Final yr, he co-founded World Liberty Monetary Inc, which runs a stablecoin pegged to the US greenback. In line with disclosures, his father held greater than 15b WLFI tokens on the finish of 2024, a place value greater than $3b at latest costs.
The youthful Trump, nevertheless, downplayed the monetary windfall. “If my father cared about monetizing his life, the very last thing he would have completed is run for president, the place all we’ve completed is un-monetize our life,” he mentioned.
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