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The sons of U.S. President Eric Trump and Donald Trump Jr. have referred to cryptocurrency as a rapidly growing alternative to conventional currencies, including the U.S. dollar.
Eric Trump expressed his confidence in Bitcoin’s future, identifying himself as a staunch supporter of the leading cryptocurrency. He noted that he has never felt such optimism regarding BTC‘s prospects, despite the recent downturn in the crypto market and the significant fluctuations Bitcoin has experienced in recent months. According to Trump Jr., volatility is a typical characteristic of emerging technologies. He believes that Bitcoin will eventually reach a price of $1 million per coin.
Donald Trump Jr. shared that in 2021, numerous financial institutions refused to service the Trump Organization’s fund, closing hundreds of its accounts, which compelled the president’s family to engage in the cryptocurrency business. The brothers attributed this banking attitude to the political climate in the U.S. following the January 6, 2021, attack on the Capitol by Trump supporters, which stemmed from disputes over the presidential election results.
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Trump Jr. compared Bitcoin and traditional fixed-income financial products, such as municipal and treasury bonds. He asserted that these securities typically yield moderate returns. In contrast, Bitcoin offers unlimited growth potential, which is why investors are willing to tolerate its sharp fluctuations.
Eric Trump described the launch of the family’s credit cryptocurrency platform, World Liberty Financial, as an effort to enhance the financial system. He stated that the intense pressure from banks reinforced his family’s belief that decentralized financial platforms could provide greater freedom.
The World Liberty Financial platform was established in September 2024, shortly before the presidential elections. Subsequently, the company issued the WLFI token and a U.S. dollar-pegged stablecoin, USD1.
