Eric Trump, US President Donald Trump’s second son, is ready to perform at this year’s consensus conference to discuss his vision of reshaping Bitcoin mining in the United States.
Trump will talk about American Bitcoin, a new venture formed with HUT 8, where he acts as Chief Strategy Officer.
“The launch of American Bitcoin represents a transformative moment for Bitcoin mining in North America,” Trump said in a statement. “I am so proud to finally reveal our bold vision for this initiative, which we believe will be the world’s largest and most effective pure-play Bitcoin mines.”
Launched on March 31, American Bitcoin said it is aiming to become the world’s largest pure-play Bitcoin mines targeting over 50 EH/S of mine capacity.
Eric Trump is scheduled to speak on May 15 in Consensus 2025, which takes place in Toronto 14-16. May.
Consensus organized by Coindesk is known as the longest -running conference in the Digital Assets industry, with participation in regular participation of 15,000 people. This year’s event will be at Metro Toronto Convention Center in Toronto center.
American Bitcoin is one of several Krypto -ventures launched by the Trump family. Eric Trump also supports World Liberty Financial, a defi protocol and planned blockchain-based marketplace where users can borrow and borrow cryptocurrencies, create liquidity positions and trading stablecoins. In March, WLFI announced that it is planning to launch its own stableecoin, USD 1, with Bitgo providing custody.
In addition, Eric Trump is also an adviser to the Metaplanet, the largest owner of Bitcoin in Japan, who follows a Michael Saylor/Strategy-Type Bitcoin Treasury model. He is also an adviser to Dominari Holdings, a wealth management company that revealed in March that it had purchased $ 2 million of Blackrocks Ishares Bitcoin Trust (Ibit) share.
Eric Trump told CNBC this month that the Trump organization was drawn to crypto after being “wiped out” by several financial groups under the Biden administration. “That’s actually what drove us against cryptocurrency,” he said.
“You realize that cryptocurrency was much faster, it was much more pragmatic, it was much more transparent, it was exponentially cheaper.” “At this point, I know almost everyone in the industry in some way, form or form,” he told CNBC. “I fell in love with the industry, you know, a few years ago and really dip my head in.”
Eric Trump’s crypto interventions have not all been successful. In February, Trump twited that it was a “good time to add” ether (ETH), which traded about $ 2,700 at the time. At press time it is about $ 1,500.
