Eric Trump, the second son of the president of the United States, Donald Trump, will appear at this year’s consensus conference to discuss his vision of remodeling Bitcoin mining in the United States.
Trump will talk about American Bitcoin, a new company formed with Hut 8, where he serves as a strategy director.
“The launch of American Bitcoin represents a transformative moment for Bitcoin mining in North America,” Trump said in a statement. “I am very proud to finally present our bold vision for this initiative, which we believe will become the world’s largest and most efficient pure bitcoin miner in the world.”
Run on March 31, American Bitcoin said it aims to become the world’s largest pure game mining in the world, pointing to more than 50 eh/s of mining capacity.
Eric Trump is expected to speak on May 15 in consensus 2025, which takes place in Toronto from May 14 to 16.
The consensus, organized by Coindesk, is known as the longest conference in the digital asset industry, with regularly 15,000 people assistance. This year’s event will be at the Metro Toronto Convention Center in the center of Toronto.
American Bitcoin is one of several cryptographic companies launched by the Trump family. Eric Trump also supports World Liberty Financial, a Defi protocol and a blockchain -based market where users can borrow and provide cryptocurrencies, create liquidity groups and stable trade. In March, WLFI announced that it plans to launch its own stablecoin, USD1, with bitgo providing custody services.
In addition, Eric Trump is also a Metaplenet advisor, the largest head of Bitcoin in Japan, who follows a Bitcoin Treasury model of Michael Saylor/Strategy type. He is also an advisor to Dominari Holdings, a heritage management firm, which in March revealed that he had bought $ 2 million of the shares of Ishares Bitcoin Trust (Ibit) of Blackrock.
Eric Trump told CNBC this month that the Trump organization was attracted to cryptography after being “discouraged” by several financial groups during the Biden administration. “It really is what led us to 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 time, I know almost everyone in the industry in some way or form,” he told CNBC. “I fell in love with the industry, you know, a few years ago, and I really entered.”
Eric Trump’s cryptographic interventions have not been successful. In February, Trump tweeted that it was a “good time to add” Ethher (ETH), which quoted around $ 2,700 at that time. At the time of publication around $ 1,500 is quoted.
