Catenaa, Tuesday, September 23, 2025- Eric Trump, son of President Donald Trump, has suggested that surging global demand for cryptocurrencies could strengthen the US dollar by attracting international investment.
Speaking to the Financial Times, he argued that digital assets could channel “trillions from around the world in wonky currencies” into the US, potentially creating a financial revolution centered in America.
The remarks came as the US dollar showed signs of weakness amid cautious Federal Reserve easing and rising debt concerns.
Trump’s comments coincided with the Nasdaq debut of American Bitcoin Corp, a company in which he holds a stake exceeding $500 million. The firm, created from a merger with Gryphon Digital Mining, now trades under the ticker ABTC.
The Trump family has expanded its crypto holdings to include a Truth Social Bitcoin ETF, memecoins named after Donald and Melania Trump, and the World Liberty stablecoin venture.
Eric Trump predicted Bitcoin could reach $1 million, citing strong demand from governments, corporations, and wealthy investors.
He framed crypto as a challenge to Wall Street, emphasizing independence from traditional banks and the potential for broader financial access.
Stablecoins, including those linked to the Trump family, are gaining political significance.
US banking executives have warned of potential deposit shifts, while the White House has encouraged stablecoin issuers to invest in Treasury debt, supporting government borrowing.
Eric Trump co-founded World Liberty Financial Inc., issuing a dollar-pegged stablecoin, part of a growing trend tying digital assets to national financial stability.
