Speaking at the TOKEN2049 conference in Dubai, Eric Trump, son of US President Donald Trump, spoke about Bitcoin (BTC), according to Bloomberg.
Eric Trump has expressed his strong support for Bitcoin, describing it as “digital gold.”
Eric Trump has revealed that both he and his father, President Donald Trump, own a large amount of Bitcoin.
Although Eric Trump did not give exact figures regarding the amount of Bitcoin, he confirmed that it was a large investment.
Describing Bitcoin as “digital gold,” Eric Trump said that BTC will rise much higher and stated that it will reach new ATHs in the long run.
Eric Trump had previously stated that he had invested in altcoins named Ethereum (ETH), Solana (SOL) and Sui (SUI) in addition to Bitcoin.
Eric’s statements reflect Donald Trump’s support for Bitcoin and cryptocurrencies, as Trump and his administration have taken significant steps. In March, Trump signed an executive order that halted government sales and created a national Bitcoin reserve of seized Bitcoin.
Trump also ordered the creation of a broader crypto stockpile that includes confiscated altcoins.
As part of his support for the cryptocurrency industry, Trump also appointed Paul Atkins as the new SEC Chairman.
*This is not investment advice.