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Eric Trump: “Every sovereign wealth fund wants it, every Fortune 500…”

Featuring: Eric Trump, Executive Vice President of the Trump Organization | National

Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight

Published October 21, 2025 | Video Starts at 19:21

I had 25,000 people there, Jan, listening to me speak. And so this is a worldwide phenomenon right now. Every company wants it, Every sovereign wealth fund wants it, every Fortune 500 company is beginning to Treasury [bitcoin]. It has become more accessible than ever before. This isn't five years ago where if you want to buy Bitcoin, you need to go out and set up a ledger and be computer scientist in order to do it. (19:21–19:27)

CLAIM

Claims that sovereign wealth funds and Fortune 500 companies are increasingly adopting bitcoin.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Eric Trump

“We were listed on the Nasdaq and it was actually the fastest NASDAQ lift listing ever.”
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“We're over 2% of the world's mining capacity at one of our facilities.”
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“We're the single largest miner of bitcoin on planet earth under one roof.”
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“Fidelity controls, what, 40% of the 401s or something in the country.”
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“There's never been a faster growing stablecoin to reach where we've reached as quickly as we've reached it.”
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“They've de banked us, they've de platformed us.”
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“They were the same people that were going after, probably, Jen, the very people who are watching us right now, you know, people who believed…”
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“I realized how fragile the banking industry was in the United States.”
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“If you think your banking industry is fragile in the United States and can be weaponized against you, you know, could you imagine living in…”
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“Over the last 10 years, you've seen probably the biggest exodus of wealth leaving New York and going to places like Florida, the Carolinas…”
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“We're mining bitcoin for literally 50 cents on the dollar. We're doing it in West Texas using American energy.”
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“We have the best power sources in the country. We have the best energy costs in the country. We have the best data centers in the country.”
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“You're going to have million dollar bitcoin.”
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“Vietnam was saying that they were never going to allow cryptocurrency. And now all of a sudden they're embracing cryptocurrency.”
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“My father has done more for digital assets in his first week in office than everybody combined had done in the last 10 years.”
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“America is leading the way, America is really like parting the sea and everybody's following in behind.”
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“Energy's come down by leaps and bounds since obviously my father's got into office.”
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“We have some of the cheapest energy anywhere in the world.”
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“America is one of the greatest places to mine bitcoin.”
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“I'd like to see [big banks] totally irrelevant.”
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“You can be pegged 1 to 1 to the US dollar. That gives them financial freedom.”
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“It's also a wonderful thing for the United States of America because it just takes our currency and it props it up even further.”
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“Crypto is going to win. I mean, there's just no doubt about it.”
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“I think being able to give people DEFI options in those environments are an incredibly beneficial thing for humanity.”
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“The power and control of the big banks... is going to come crashing down in a very large way.”
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“USD 1 is backed 1 to 1 against the US dollar.”
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“Trillions of dollars will flow into the US economy based on [cryptocurrency].”
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“We're working on [tokenizing real estate] as it pertains to one specific building.”
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“There will be multiple stablecoins. A lot of them are going to fail.”
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“Only 1/2 of 1% of people wanted a stablecoin that was pegged to the euro.”
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“Our current financial system, the current Swift system is broken.”
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“You're going to see stablecoins be the rails by which all businesses are operated on.”
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“Circumventing the banks, circumventing credit cards, substantially lowering fees, substantially lowering the dilution of money.”
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“I think USD1's going to win the day.”
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“I think the US Dollar is going to win because it's what everybody wants.”
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“The faster JP Morgan becomes irrelevant, the faster the big banks fade out of view.”
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“There's not a day that goes by where I don't pop up my phone and it's not another Fortune 500 company, you know, that started treasuring…”
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“We're one of the most powerful families in the country, in the world. Balance sheet wise, voice wise, obviously, now politically.”
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“They tried to destroy us. And man, did they do a good job coming after us. Thank God we won, and we won decisively.”
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