America's President Donald Trump – "Bitcoin Whale"? Son Eric Trump Confirms

In a recent interview, Eric Trump – the son of former America President Donald Trump – stirred public opinion by asserting that his father is holding a large amount of Bitcoin and strongly believes in the future of cryptocurrency. Eric referred to Bitcoin as "digital gold" and predicted it would grow exponentially in the coming years. Notable Ownership and New Perspectives on Bitcoin Eric Trump did not disclose specific figures, but mentioned that the two of them have a "significant" investment in Bitcoin, viewing it as a "big personal gamble." These statements come in the context of Donald Trump increasingly showing a clear interest in the cryptocurrency field – a starkly contrasting attitude compared to his previous stance when he was skeptical and critical of crypto. According to Eric, Donald Trump now believes that cryptocurrency is a key factor for the future of America, emphasizing that if America does not seize it, China will dominate this field. He also noted that cryptocurrency is "very popular" and "extremely hot" at the moment. In April, as the traditional financial markets experienced many fluctuations, Mr. Trump was said to have noted the relative stability of Bitcoin – which caught his attention and led him to appreciate the potential of digital assets more. National Bitcoin Reserves Instead of Selling Out Another surprising piece of information revealed by Eric is that his father issued an executive order in March to stop selling Bitcoin seized by the government. Instead, these assets will be placed into a national cryptocurrency reserve fund, with the goal of protecting and potentially increasing their long-term value. This initiative does not use budget money, but will continue to purchase additional Bitcoin and other cryptocurrencies through confiscation and handling of seized assets – similar to reinvestment. Changes at the SEC: Paul Atkins Returns The interview also mentioned changes at the U.S. Securities and Exchange Commission (SEC) during Donald Trump's administration. Accordingly, former SEC commissioner – Mr. Paul Atkins will take on the leadership role of this agency, aiming to change the regulation of the cryptocurrency industry towards clearer and more transparent management. This is part of a reform effort aimed at eliminating the legal ambiguity that has made it difficult for cryptocurrency investors in America for many years. TRUMP Coin: Short-term Speculative Bubble In a related development, the cryptocurrency named TRUMP – launched on the day of his inauguration – once reached a "shocking" market capitalization of 75 billion USD just 48 hours later. However, this coin quickly lost more than 90% of its value, leading many to suspect that Trump is exploiting his personal image to profit from cryptocurrency. However, Mr. Trump has completely denied any connection to the performance of this coin, stating that he did not create the TRUMP coin, does not profit from it, and is also unclear about the related figures. Big Bet on the Future of Crypto Despite many doubts still remaining, it is clear that both Donald Trump and Eric Trump are betting big on the future of cryptocurrency. The remaining question is: will this gamble pay off, or will it just be another speculative wave?