Eric Trump delivered a passionate defense of Bitcoin at the Blockchain Futurist Conference in Florida, explaining his journey from skepticism to advocacy for the digital asset.
He credited extensive research over the last several years with changing his perspective about Bitcoin and its underlying energy-intensive mining infrastructure.
A new perspective on mining
Trump described visiting a massive Bitcoin mining facility in Texas, noting its energy usage surpasses that of entire cities and secures a sizable portion of the Bitcoin network. He stated:
“It uses about two and a half times the power of the city of White Plains, and it’s protecting about 2.5% of the world’s Bitcoin.”
Bitcoin’s energy network as a shield
Trump argued that Bitcoin’s energy network is so robust that if it failed, the collapse would extend far beyond digital assets, impacting global infrastructure. He asserted:
“If Bitcoin went down — congratulations, the Pentagon’s gone. Congratulations, Amazon’s gone. Congratulations, Google’s gone. JPMorgan doesn’t stand a chance.”
He dismissed concerns about quantum computing, suggesting that Bitcoin would be among the last systems to fall due to its security.
From skepticism to conviction
Trump admitted he once saw Bitcoin as “funny money,” but now views it as a hard asset with growing mainstream acceptance.
He recounted how even financial professionals have changed their tune, now recommending clients allocate a portion of their portfolios to Bitcoin.
bitcoin and financial freedom
Blaming inflationary policies for eroding wealth, Trump called Bitcoin a tool for ordinary people to access credit and opportunity.
He stressed Bitcoin’s role in allowing individuals to secure loans and build wealth without elite connections:
“You have $100,000 in Bitcoin, you can borrow 80% of it … You can buy your first home or start your first business. That is financial freedom.”
Trump concluded by framing Bitcoin as an asset for hard times and a chance for Americans to achieve financial independence.
