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Eric Trump: “There's not a day that goes by where I don't pop up my phone…”

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 51:16

And, and so listen, I certainly a lot of affluent people in the United States are, are, are absolutely investing in, in, in cryptocurrencies. 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 bitcoin. Right. We see this every single day. And Every single day I see that, I start sharing. But don't underestimate the youth in this country that's enamored by this movement and having a lot of fun with it. (51:16–51:23)

CLAIM

Asserts that Fortune 500 companies are increasingly investing in 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.”
Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight | Uploaded October 21, 2025 | 14:51-14:57
“Fidelity controls, what, 40% of the 401s or something in the country.”
Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight | Uploaded October 21, 2025 | 20:07-20:11
“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.”
Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight | Uploaded October 21, 2025 | 04:13-04:16
“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…”
Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight | Uploaded October 21, 2025 | 05:03-05:35
“I realized how fragile the banking industry was in the United States.”
Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight | Uploaded October 21, 2025 | 05:55-05:58
“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…”
Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight | Uploaded October 21, 2025 | 06:01-06:09
“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…”
Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight | Uploaded October 21, 2025 | 09:02-09:18
“We're mining bitcoin for literally 50 cents on the dollar. We're doing it in West Texas using American energy.”
Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight | Uploaded October 21, 2025 | 11:07-11:13
“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.”
Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight | Uploaded October 21, 2025 | 13:55-14:02
“You're going to have million dollar bitcoin.”
Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight | Uploaded October 21, 2025 | 18:13-18:16
“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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“Every sovereign wealth fund wants it, every Fortune 500 company is beginning to Treasury [bitcoin].”
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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.”
Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight | Uploaded October 21, 2025 | 25:30-25:35
“We have some of the cheapest energy anywhere in the world.”
Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight | Uploaded October 21, 2025 | 25:43-25:45
“America is one of the greatest places to mine bitcoin.”
Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight | Uploaded October 21, 2025 | 26:27-26:30
“I'd like to see [big banks] totally irrelevant.”
Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight | Uploaded October 21, 2025 | 28:59-29:04
“You can be pegged 1 to 1 to the US dollar. That gives them financial freedom.”
Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight | Uploaded October 21, 2025 | 30:21-30:27
“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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“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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