He spoke at the Tokeen2049 conference in Dubai, Eric Trump, the son of US President Donald Trump, spoke about Bitcoin (BTC), according to Bloomberg.
Eric Trump expressed his strong support for Bitcoin, describing him as “digital gold”.
Eric Trump revealed that everyone and his father, President Donald Trump, possesses a large amount of bitcoin.
Although Eric Trump did not provide accurate numbers regarding the amount of bitcoin, he confirmed that it was a major investment.
Bitcoin described as “digital gold”, Eric Trump said that BTC would rise to much higher and stated that it would reach new ATHS in the long run.
Eric Trump had previously stated that he had invested in Altcoins called ETHEREUM (ETHREM), Solana (Sol) and SUI (SUI) as well as Bitcoin.
Eric’s comments reflect Donald Trump’s support for Bitcoin and encrypted currencies, as Trump and his management have taken important steps. In March, Trump signed an executive order that stopped government sales and established the Bitcoin National Bitcoin Reserve.
Trump also ordered the creation of a wider encryption stock that includes Altcoins confiscation.
As part of his support for the encrypted currency industry, Trump also appointed Paul Atkins as a new head of the Securities and Stock Exchange Committee.
*This is not an investment advice.