Eric Trump Endorses Bitcoin, Cites Debanking and Predicts Explosive Growth

Eric Trump, Executive Vice President of the Trump Organization and Chief Strategy Officer of American Bitcoin, has publicly endorsed Bitcoin, describing it as one of the greatest stores of value. He highlighted its immediate liquidity and its role as an effective hedge against real estate.

Trump revealed that his family's experience with being debanked by Capital One and Chase Bank led them to embrace Bitcoin. He emphasized the cryptocurrency's advantages, including being cheaper, faster, and more transparent than traditional banking systems. The Trump family has also made investments in Bitcoin mining.

Additionally, Eric Trump stated that many countries are actively mining and stockpiling Bitcoin, suggesting a global trend towards the cryptocurrency. He also mentioned that major companies are now accumulating Bitcoin on their balance sheets, predicting explosive growth ahead for the crypto market. Despite his involvement, Eric Trump clarified that there is virtually no communication with President Trump about crypto, though he noted that his father has 'fallen in love' with the industry.

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