Compiled by: Jinse Finance
On August 29, 2025, at the BitcoinAsia event held in Hong Kong, Eric Trump shared his views on Bitcoin , the Trump family's experience in entering the world of digital assets, and his belief in the future development of the United States in this field. Eric Trump believes that Bitcoin is "the greatest asset in the world." and “the greatest store of value ever created” He predicted that the price of Bitcoin will reach $1 million in the next few years. The following is the full text of the speech:
Opening
host:
Bitcoin Treasury and the world's strongest-performing public company. Most companies fear volatility, but we harness it. Few companies in the world can achieve compound growth at this pace 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 most intelligent star.
I have a close friend who was also speaking on stage, Simon from the EPL. When I asked him, "What exactly is causing the trouble with Bitcoin?" he answered frankly, "We're facing a Bitcoin shortage." This is the "Bitcoin effect." And this is just the beginning.
Welcome back, everyone, to our final fireside chat of the day. It's my great honor to introduce my co-founder and CEO of Kindly Andy and Nakamoto, David Bailey, and Eric Trump, Executive Vice President of the Trump Organization . Please welcome David and Eric to the stage.
Well, everyone, we've got a fantastic discussion planned for today. I'd like to start by sharing a little story. Last year, when we were hosting this conference in Hong Kong, I got a call saying, "There's a conference about Bitcoin in two weeks at Trump Tower. You need to buy a suit immediately." So, two weeks later, we went to the conference and explained the value of Bitcoin. That conference set off a chain reaction that brought Eric to Hong Kong and pushed Bitcoin to $100,000. It was truly a big deal.
I'd like to start with a question. First, I'm often asked by the media, "Is the president supporting Bitcoin just to get votes?" I think to myself, isn't that the point of campaigning? You're supposed to win votes and promote popular causes.
But one thing I really respect about your father is that he's a true entrepreneur. He sees opportunities where others don't, and that's the hallmark of a true entrepreneur. He saw an opportunity here that was worth pursuing. So I want to start with your story, not only about your father's experience, but also about yourself. Eric, how did you get involved with Bitcoin?
Eric Trump :
First of all, let me say: Hong Kong, we love you so much! Thank you for such a warm welcome. Look at this venue—it's incredible, beyond imagination, like a rock concert!
Since I arrived, the hospitality you've shown me has been incredible, and I'm truly grateful. My whole family loves it here. Speaking of which, I want to single out another special person—David. He's too modest to mention it himself, but I must. Did you know? Because of my father's political career, my entire family experienced the de-banking of major financial institutions in the United States. I'll never forget that.
Around that time, we started connecting with some really amazing people in the cryptocurrency space, one of whom was David Bailey. He called my dad one day — and I just told this story to another audience — and he said, "I'd like you to speak at the Bitcoin conference in Nashville." My dad then called me and said, "Hey, what do you think about this Bitcoin thing? I definitely believe in digital assets, but do you think I should go?" I said, "Of course you have to! You have to speak at this conference."
So, David Bailey became the first person to invite the current President of the United States to a Bitcoin conference, even before he was elected and even before the media had written him off. And the Bitcoin community embraced him, and my father, with unprecedented enthusiasm. I've never seen such total support from any community. I sincerely hope it's paid off, because we truly love this community and we believe in it. It's where 90% of my time and energy is now.
Bitcoin is the greatest asset in the world. We are transforming finance, modern banking, and the entire contemporary financial system. It may be the most powerful store of value ever created in human history. Believe me, in three, five, or ten years, we will look back and see all of you as true pioneers in this field. And all of this is thanks to this gentleman. David, we love you and are deeply grateful to you for starting this journey for our family and for so many of you here.
David Bailey :
Eric, you're the top diplomat for "Bitcoin Nation," and Bitcoin Nation is now everywhere. This is Bitcoin Nation. So well done, sir! Let's get down to business. You've thrown yourself into this and have already started some entrepreneurial explorations.
Eric Trump :
First, we were supposed to have Simon on stage with us today, but due to some unforeseen circumstances, he couldn't make it. But Simon, you were just here! I saw you! Come on, stand up and walk around the room! Everyone, look! This guy has made incredible contributions to Bitcoin in Asia.
He's the "Michael Saylor" of Asia. He's incredible and a good friend of mine. A year or two ago, he called me and asked, "Eric, would you like to join my company?" I immediately replied, "It would be my honor!" I'm incredibly proud to work alongside him. He's not only changed the way Japan thinks about digital assets, but has also profoundly impacted many countries across Asia. He deserves immense credit. So, dear friend, we love you. You're amazing!
Besides Metaplan, of course, there's American Bitcoin . Let's talk about American Bitcoin. One of my great buddies, Mike Ho Asher, is here, right over there.
If you know a family that truly loves America, it's us. While I love the whole world, we're Americans at heart. America, and Texas in particular, has some of the cheapest energy in the world. So, we founded a company called American Bitcoin , one of the largest Bitcoin mining companies on the planet. We mine approximately 3% of the world's Bitcoin every day.
We're about to go public on the Nasdaq. The average energy cost for Bitcoin mining is about $37,000. What's the current price of Bitcoin? Probably between $112,000 and $130,000.
So, we're as good as, if not better than, anyone in the world at Bitcoin mining. And we're also implementing our strategic model on the other side. We're incredibly proud to have launched such an amazing business. I believe we'll become one of the greatest Bitcoin companies in the world.
What's even cooler is that this isn't just us. You see, we have Sims leading the way, we have DA leading the way, and American Bitcoin will also lead the way. And Michael Saylor—through his strategic actions, he's really leading the way. Meanwhile, sovereign nations are buying Bitcoin like crazy, and Fortune 500 companies are buying Bitcoin like crazy.
The world's largest families and corporations all believe in this digital store of value. Everyone wants Bitcoin, and everyone is buying it. That's why I've always said Bitcoin will reach $1 million within the next few years, without a doubt.
This morning, while having breakfast with some of the region's most powerful hotel tycoons, I was explaining what digital currencies actually are. It hit me how early we are in this race—and that's a huge advantage.
I often hear people ask, "Should I get into crypto? Have I missed the boat? Is it too late?" Every time, I can't help but laugh. I tell them: We haven't even scratched the surface of Bitcoin's true potential, or even the true potential of digital assets. Now is the perfect time to buy . Volatility is your friend. Buy now, close your eyes, and hold for five years—you're guaranteed to see incredible returns. It's all so much fun and exciting.
David Bailey :
I didn't tell you this question in advance, and you probably didn't prepare an answer. But I've been wondering—if anyone has access to the world's most interesting, wealthy, and powerful people, I can't imagine anyone else having that opportunity except the Trump family. So, in your time interacting with you, what's the most interesting perspective you've heard? You've traveled to many countries discussing Bitcoin. What surprised you the most?
Eric Trump :
Well, let me give you an example. I once spoke with someone who was in charge of a major country, and he told me that they would use the entire energy supply of a major city in the winter to mine Bitcoin because they believed so strongly in this asset.
I won’t tell you which country it is or who it is, but I can tell you this: sovereign wealth funds believe in Bitcoin , the world’s largest families believe in Bitcoin, the largest banks believe in Bitcoin, and large capital accumulators believe in Bitcoin.
Furthermore, more and more retail investors are beginning to understand it, and more than just understand it. Many people have long known what Bitcoin and cryptocurrencies are, but they've never really had easy access to them. That's changing rapidly—with each passing day, Bitcoin is becoming more accessible to the average person.
Major global financial institutions are beginning to offer custody services for crypto assets, and exchanges are becoming increasingly sophisticated and user-friendly. In the past, I would complain, as someone from the hospitality industry, that exchanges were "too complicated," especially since buying crypto in DeFi was so difficult, which hindered mass adoption. But now the opposite is true—everything is becoming simpler and more accessible.
You know, another thing I'm working on right now is a company called World Liberty Financial . Our goal is to make cryptocurrency accessible to the general public, even bringing the concept of the hospitality industry to the crypto world. Now, more and more people are finding ways to buy and hold cryptocurrencies.
For the first time in the United States, people were able to include Bitcoin in their retirement plans, which meant trillions of dollars in liquidity began to flow in, opening the door to digital assets. Even BlackRock is now involved, and the world's largest banks are buying. The world's largest companies are putting Bitcoin in their treasuries with no intention of selling. Retirement accounts won't sell Bitcoin, companies won't sell Bitcoin, and sovereign wealth funds won't sell Bitcoin. And there are only 21 million Bitcoins in existence.
It's the only commodity in the world that can't be infinitely increased. For example, if gold really rose to $20,000 per ounce, I could just knock down the pillars of this building and find gold inside. But that's impossible with cryptocurrency. Bitcoin is finite, and that's what makes it so powerful.
And when you're in those circles, even the people I met this morning, once their interest is piqued, you can be sure they'll quickly buy Bitcoin. And those who are buying, or about to buy, are the ones who will win the race. Because every day, the capital markets are opening up access to what may be the greatest asset ever created.
David Bailey :
In Nashville, your father pledged to make the United States the global Bitcoin superpower. He laid out a pretty ambitious timeline. Many people doubted he could do it, but he's been able to accomplish one thing after another. We just passed the stablecoin bill and signed the SBR. He's already done so much. It's pretty crazy.
We're in Hong Kong now, and I don't know if I should say this, but China is actually the world's other Bitcoin superpower. It's one of the largest Bitcoin markets, with a huge number of miners, users, and coin holders. So what do you think of the US's policy efforts? And what do you think of the policy actions of other Bitcoin superpowers around the world?
Eric Trump :
First, congratulations to everyone present, as you have undoubtedly made an incredible mark on the Bitcoin and cryptocurrency space. China is undoubtedly a significant force in this space, forging its own path. Similarly, the Middle East is also embracing cryptocurrency on a massive scale, moving at a rapid and resolute pace.
Of course, some of the smaller South American nations may not have as much purchasing power, GDP, or monetary means, but just as importantly, they are filled with passion and conviction. What they lack in monetary resources, they make up for in spiritual will.
However, I'm not trying to compare countries. I'm simply saying that my father truly believed in digital assets. When he took over, the United States was led by a completely incompetent president (I can honestly say Biden is completely incompetent). And the moment he took office, he immediately reversed the trajectory of the United States, instantly embracing the digital revolution because he understood that it was the future of finance.
The result is that the US has accelerated from 0 to 100. I believe that in the past seven months, the US has made more progress in digital assets than in the previous 10 years. The reality is that much of the world is watching the US's path and using it as a reference, whether imitating it or forging its own path.
I truly believe that America is winning the digital revolution right now. This is all because of a man so dedicated to success, a man who truly believed in the vision—he held Bitcoin long before he became president and saw the future. And it's because he and his family experienced the financial system's brutality (every bank and financial institution weaponized against them) that we're driven to crypto.
People always ask me, "If your bank hadn't shut down your account, would you have gone down this path?" My answer is, "Probably not." Without that experience, I'd probably still be building hotels around the world, sticking with my roots. Of course, I'm still working on many hotel projects today, but I wouldn't be fully invested in cryptocurrency like I am now.
"Along the way, they've been madly blocking us and pursuing us relentlessly just because my father is in politics, and they've also been suppressing you—many of you here have been targeted. The result? I started meeting some of the most amazing people I've ever met in my life. They're incredibly honest, they believe in the future, they believe in technology, they want to build dynamic, great companies that can change the future of humanity. But they're being treated like dogs and abused for no reason. And the same thing happened to our family; we weren't treated fairly at all.
There's a saying: 'The enemy of your enemy is your friend.' That's exactly how the Trump family connected with this community—the enemy of my enemy became my friend. When you interact with these people, you discover their wisdom. When you interact with them, you also discover how outdated the old financial system is.
You see, after 4:59 PM on Friday, you can't send money anymore. You have to wait until the following Monday, and if you're lucky, it might not reach the recipient until Monday afternoon or Tuesday. This is simply not the pace of the modern world! Please, finance should be 24/7. This is what people expect and what they need, and we are driving this change every day.
It’s been a beautiful journey, one I never imagined I’d be on. If you had asked me ten years ago, I wouldn’t have believed I’d be where I am today. But this has probably been the most meaningful and rewarding journey of my life.”
David Bailey :
“Your father has put Bitcoin on the global stage. I’ve always believed that money connects people. The Bitcoin nation—no matter where you live, there’s a common bond. I think Bitcoin will play a big role in the future of diplomacy.”
I received a question this morning, and I'd like to ask you on behalf of the CNN reporter here: Your father will be meeting with other world leaders soon. Do you think Bitcoin will be one of the topics they discuss?
Eric Trump :
“Honestly, I really hope they’ll talk about Bitcoin, because it’s a topic I’m very passionate about. But I think they probably have more important things to discuss. But if it were me, the first thing I’d ask is, ‘Can we talk about Bitcoin?’ I’d even throw out the idea: maybe we could pay tariffs with Bitcoin in the future? That would be great.”
You see, the United States and China are actually at the forefront of the cryptocurrency field. This is probably a topic that the leaders of the two countries understand better than anyone else in the world.
But if we zoom out, and let's be honest, this is truly a community. And it's probably the most diverse community in the world. When discussing Bitcoin, you see people from different cultures, societies, languages, and religions sitting at the same table—more diverse than any other group.
This truly is a global community of people who believe in something so powerful and transformative that it will reshape the future, and that's wonderful. Through this community, I've met more incredible people from around the world than I've ever met in the hospitality industry. The people you meet here, you'll see at the next conference in Miami, at Consensus in Toronto, in Abu Dhabi, everywhere.
This is a truly global community, and I believe this is a great thing for humanity.
There's another point that's rarely mentioned, and perhaps a bit blunt: the traditional financial system has consistently benefited people like me, but not the vast majority of ordinary people. It only benefits those with a few zeros at the end of their accounts. They have leverage and power. They can call bank executives directly and shave a percentage point off their loan interest rates, waive various fees, or simply borrow money that ordinary people simply can't get.
The Bitcoin community is different. For the first time, it truly ensures equality for all, regardless of wealth. This is a tremendous achievement. 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 class distinctions in finance have disappeared, and this is something we should cherish.
What will the price of Bitcoin be like in the next two to three years? I've been saying this all along: There's no doubt in my mind that Bitcoin will reach $1 million. There's absolutely no doubt about that. And by the way, I don't think it's going to stop there either; it can go even higher.
Because you have a high-speed asset that everyone wants, but the supply is extremely limited. It doesn't take a genius to figure out where it's going. Plus, traditional hard assets have had little practical use in the past, being little more than "digital gold" and a store of value.
And now, every day, — and David probably sees this more clearly than I do — every day new ways are invented: to stake it, to earn yield, to use it for everyday consumption, to use it as purchasing power.
So, step by step, you've transformed digital gold, originally a store of value, into something immensely useful. Every use case for Bitcoin is truly astonishing. Honestly, volatility is actually our friend. People often ask me: When should I buy? — Now! Right now!
I can’t tell you how many times I’ve told someone to buy Bitcoin, only for them to not act, only to come back to me later and say, “I wish I had listened to you.”
In fact, I once tweeted what could be considered one of the best Bitcoin predictions ever. At the time, Bitcoin was trading around $82,000 or $83,000, and I tweeted, "Now is a good time to start buying Bitcoin." Sure enough, it quickly plummeted to $79,000, even as low as $78,900. Then, in just about 90 days, it surged from $79,000 to $124,000. I was so accurate I was practically within a thousand or two of the bottom.
But people come to me and say, "Why didn't you tell me?" - I think to myself, I clearly said it publicly on Twitter to my 10 million followers around the world, "Go buy Bitcoin." I really believe that you should buy it, close your eyes, hold it for the long term, and never sell it.
I think Michael Saylor said it best: "Sell a kidney and buy Bitcoin." Of course, he was joking, but the logic behind it is correct: buy it, hold on to it, and you will get excellent returns.
