Last Thursday (15), Eric Trump, the son of the U.S. president, participated in Consensus 2025 to share future adoption plans for bitcoin by his father’s government. During his speech, he declared the potential for bitcoin to be the greatest store of value in history.
The event, which runs until this Friday (16), brought together major names in the cryptocurrency market. Eric is scheduled to return to the stage to discuss stablecoins, another hot topic in the global crypto market, alongside Ethereum and Cardano co-founder Charles Hoskinson, Chainlink co-founder Sergey Nazarov, and the co-founders of Donald Trump’s DeFi project, World Liberty Financial.
Discussed cryptocurrencies at Consensus 2025 in Toronto, with Hut 8 CEO Asher Genoot, and Blockspace Media editor-in-chief Colin Harper.
Eric Trump says that with 1/3 of the mining cost compared to the market value, bitcoin is one of the greatest stores of value in human history
According to information released by the event’s organization, the participation of Donald Trump’s son at an event in Canada helped companies and investors understand how the U.S. is dealing with this market.
Regarding bitcoin, Eric stated that he has no doubt about its potential as a store of value. “I really believe in digital gold, which is bitcoin, right? I believe in the store of value,” he said.
Speaking of bitcoin as a store of value, alongside a businessman from the large-scale mining sector, Eric Trump recalled the country’s competitive potential in the sector. “If I can mine an asset for literally a third of the cost that it is currently being traded for, and we can do that in the United States using the lowest cost of energy in the world, and you are doing that with an asset that appreciates 60% year over year, that has probably been one of the greatest stores of value in the history of mankind. That is an incredible combination,” he added.
“We can win the bitcoin mining race,” says Eric
Eric Trump also mentioned that he was not always a fan of the crypto market. But upon seeing that the same group that attacked his family also attacked this market, for political motivations, he began to take an interest in the topic.
“It was only when the same group that attacked my family for no reason other than political convictions started attacking the crypto community that it really brought together two people who may not have always had the same mindset, and that partnership has been absolutely incredible.”
Consensus 2025 attracted the largest audience in its history since the beginning of the event. Thus, Eric Trump’s participation showed that the world can prepare for the arrival of the U.S. in bitcoin mining, a race he hopes to win.
“I think we are going to accumulate a huge amount of bitcoin. But I also want to be the person who is going to mine it, by far the cheapest. And I think we can win that race,” he concluded.
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