Eric Trump Expands Family Crypto Push at Hong Kong Bitcoin Conference
Eric Trump Expands Family Crypto Push at Hong Kong Bitcoin Conference

Eric Trump Expands Family Crypto Push at Hong Kong Bitcoin Conference

News summary

Eric Trump, son of President Donald Trump, delivered a strong endorsement of bitcoin at the Bitcoin Asia 2025 conference in Hong Kong, predicting the cryptocurrency will reach a $1 million valuation in the coming years. He urged investors to buy bitcoin now and hold it long-term, citing the Trump family's deep involvement in the crypto sector through ventures like American Bitcoin and their advisory roles in companies such as the Japanese bitcoin treasury company Metaplanet. The Trump administration has actively supported cryptocurrency, passing significant regulatory bills and signing the Genius Act to create a federal framework for stablecoins, which has contributed to bitcoin's recent price surge above $110,000. Eric Trump highlighted the alignment between the Trump family and the bitcoin community, emphasizing their shared experience of marginalization by traditional financial institutions. The family's expanding crypto businesses are targeting growth in Asia, with planned appearances at major crypto events in Japan, South Korea, and Singapore. These developments illustrate the blurring of lines between the Trump family's business interests and government policy under President Trump's administration, which has bolstered the digital asset sector.

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2
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1
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0
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Last Updated
7 days ago
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50% Center
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