Eric Trump Praises Bitcoin as 'Digital Gold,' Cites $500M Sunday Transfer Example
Speaking on Fox Business on Thursday, Eric Trump doubled down on a pro-crypto stance, calling Bitcoin "digital gold" and "one of the greatest stores of value ever." He used a high-profile example to make his point, saying you can "send $500 million on a Sunday night, virtually no fees," and slammed the traditional banking system as "outdated and slow," noting how wire transfers stop after 5 p.m.
The remarks add to a string of public endorsements from political figures that aim to frame Bitcoin as a practical alternative for large or off-hours transfers. While the comment highlights perceived advantages for cross-border and after-hours payments, actual costs and settlement characteristics vary with network conditions and chosen layers. Market impact is uncertain, but the statement contributes to broader public debate about the role of crypto in payments and banking infrastructure.