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U.S. President Donald Trump's son, Eric Trump, revealed that MicroStrategy (Nasdaq: MSTR) co-founder Michael Saylor once told him to put Mar-a-Lago, a resort in Florida owned by the Trump family, on mortgage to buy Bitcoin (BTC). In a recent conversation with CoinDesk, he revealed that Saylor had pitched him the idea of getting into crypto. "By the way, he was dead serious, right? He is the guy that goes out and says, sell your liver and kidney and buy Bitcoin." Eric Trump is a strong believer in Bitcoin and the broader crypto economy. He is also the co-founder of the Bitcoin mining company American Bitcoin (Nasdaq: ABTC). Eric Trump on his father's crypto policy Eric hailed his father for his pro-crypto policy, saying he achieved more in the first week of his office than anyone in the last 10 years. While his company imports Bitcoin mining equipment from China, Eric downplayed the tariffs imposed on Chinese goods and called them "part of the business." Instead, he claimed the decline in energy costs of mining since his father assumed the presidency as an advantage for the company. Scroll to Continue Recommended Articles Next New York mayor Eric indirectly expressed concerns about Zohran Mamdani (D-N.Y.), describing him as a "pretty much socialist," taking over the "biggest capitalist city" of New York. He added he couldn't move the Trump Tower out of the city as real estate isn't an instantly "liquid" asset. He compared it to crypto, which he said can be moved instantaneously worldwide, 24/7. Unlike real estate, crypto isn't subject to a "bad mayor" coming in, he added. More News: Eric Trump has a bold plan to make real estate accessible for everyone New SEC update lets BlackRock open Wall Street to unusual investors Gold suffers worst drop since 2013 amid rival asset's recovery Bold Bitcoin prediction Eric reiterated his prediction that Bitcoin's price will hit $1 million in "probably the 2030s," though he added he would like to see it happen earlier. He also mentioned countries like South Korea, Vietnam, etc., and institutions like Fidelity embracing Bitcoin as a sign of the times to come. The total crypto market cap stood at $3.77 trillion at press time, still struggling to recover from Trump's anti-China remark on Oct. 10.
