Eric Trump, son of US President Donald Trump and co-founder of American Bitcoin, has announced his commitment to shares in the company.
Eric Trump stated that big banks are trying to “operate” on the company and that he is turning to crypto in the process.
Confirming that he owns approximately 7.5 percent of the company’s shares, Trump stated that he has no plans to sell for a long time:
“I locked myself in for a long time. Not just me, but the entire board of directors made this decision. I’m loyal to this company because they tried to destroy us.”
Eric Trump stated that he has received hundreds of letters from major banks, particularly those attempting to close his financial accounts with giants like Capital One, JPMorgan, and Bank of America. Trump explained that this experience led him to cryptocurrency:
“Traditional finance tried to exclude us. This process showed me that everything can be done faster, cheaper, and more transparently in crypto. It’s a great industry.”
Eric Trump stated that the Trump Organization has had difficulty working with large banks in recent years and has been subjected to a “de-banking” process.
*This is not investment advice.