Eric Trump Touts Crypto as Potential Lifeline for the US Dollar

Eric Trump has claimed that surging demand for cryptocurrencies could “save the US dollar” by drawing global investment flows into America, tying the fortunes of digital assets to the strength of the nation’s ￰1￱ president’s son and outspoken crypto supporter told the Financial Times this week that the digital assets boom would funnel “trillions from around the world in wonky currencies” into the ￰2￱ argued that Bitcoin mining and financial independence could power “a kind of financial revolution” rooted in America, adding, “I think it arguably saves the US dollar.” Trump’s remarks came hours after he rang Nasdaq’s opening bell to celebrate the market debut of American Bitcoin Corp , a company where he holds a stake valued at more than $500m, according to FT. @EricTrump , co-founder of American Bitcoin (ABTC) and son of ￰3￱ @realDonaldTrump , reaffirmed his ultra-bullish stance on Bitcoin. #Bitcoin #Trump ￰0￱ — ￰4￱ (@cryptonews) August 31, 2025 The firm emerged earlier this year from a merger between his family-backed American Bitcoin venture and Gryphon Digital Mining, and now trades under the ticker ￰5￱ Dollar Reflects Fed’s Cautious Easing and Mounting Debt Fears The comments land at a time when the US dollar has ￰6￱ Donald Trump’s trade battles, along with his frequent clashes with the Federal Reserve, have unsettled ￰7￱ Fed cut interest rates on Wednesday for the first time this year, reinforcing concerns over inflation and debt levels that continue to pressure the ￰8￱ Trump has repeatedly argued for lower rates since taking office, saying the US benefits more from a weaker ￰9￱ has also pledged to make America the “crypto capital” of the world and encouraged regulators to take a lighter approach to digital assets, fueling record highs in bitcoin and other ￰10￱ Family Expands Crypto Interests From ETFs to Memecoins and Stablecoins The Trump family’s interests in crypto now span a Truth Social Bitcoin ETF, memecoins named after Donald and Melania Trump, and a stablecoin venture tied to Trump Media & Technology ￰11￱ at the Bitcoin 2025 Asia conference in Hong Kong last month, Eric Trump predicted Bitcoin would inevitably reach $1m.

He pointed to mounting demand from governments, corporations and wealthy families. “Everybody wants ￰12￱ is buying Bitcoin,” he said. Further, Trump cast crypto as a challenge to Wall ￰13￱ said he took pride in building companies without the help of America’s biggest banks, describing it as “the ultimate revenge against the big banks and modern finance.” The Trump Organization is currently suing Capital One, alleging it closed its accounts in 2021 for political reasons, which the bank ￰14￱ added that crypto has changed perceptions of financial access. “You realise you just don’t need ￰15￱ frankly, you don’t miss them,” he said, referring broadly to Wall Street ￰16￱ Ties to Stablecoins Add Political Weight to Financial Debate Stablecoins in particular are emerging as a flashpoint between crypto and ￰17￱ banking executives have warned they could drain deposits if they offer higher yields than savings ￰18￱ the same time, the White House has encouraged issuers such as Tether and Circle to buy US Treasury debt, a move seen as key to supporting the bond market as Washington issues trillions of dollars in new debt each ￰19￱ Trump has his own stake in that ￰20￱ year, he co-founded World Liberty Financial Inc, which runs a stablecoin pegged to the US ￰21￱ to disclosures, his father held more than 15b WLFI tokens at the end of 2024, a position worth more than $3b at recent ￰22￱ younger Trump, however, downplayed the financial windfall.

“If my father cared about monetizing his life, the last thing he would have done is run for president, where all we’ve done is un-monetize our life,” he said.