Real estate developer and crypto-entrepreneur Eric Trump said on Thursday that the crypto world will be the future of mainstream finance, despite the decline of the past few months.
During a wide-ranging interview with Yahoo Finance, Trump discussed bitcoin, crypto legislation, his personal unbanking experience and the latest digital asset project between the Trump Organization and his flagship business, World Liberty Financial.
“First of all, markets are not always rational,” Trump said while speaking from Palm Beach, Florida, pointing to bitcoin’s performance over the past 10 years, when it was below $500 per coin.
Bitcoin (BTC-USD) fell below $67,000 on Thursday, putting it on pace for a fifth straight week of decline. Its price has nearly halved since hitting an all-time high last October and is down 31% over the past year.
“If you don’t have the backbone, the wherewithal to do volatility, go invest in a boring bond that’s going to give you 4.5% and call it a day,” Trump said.
Read more: How to navigate a crypto crisis
Trump’s comments came on the heels of World Liberty Financial’s push into a less volatile side of the crypto world: tokenization.
In partnership with crypto firm Securitize and a London-listed subsidiary of major Saudi property developer DarGlobal, World Liberty is putting real estate assets linked to a Trump resort project in the Maldives, scheduled for completion in 2030, on the blockchain.
The effort involves packaging interest income from loans related to the real estate project so that it can be sold as crypto securities to wealthy investors via crypto exchanges. Tokenization is the process of creating a crypto-world representation of an asset so that its likeness can be traded on crypto rails.
The tokenized real estate market stands at around $359 million, according to crypto data platform RWA.
Tokenization “is going to change the way money flows around the world,” Trump said, adding that he expects more of everything from debt and commodities to Hollywood movie rights, fine art and possibly even ownership in five-star restaurants to eventually get onto blockchains.
“We’re very excited to be at the forefront of this with real estate,” he added.
The Trump family’s crypto business has grown ever since Donald Trump embraced the crypto world while campaigning in 2024. His household’s digital asset empire is now expanding into most corners of the crypto space.
Read more: How stablecoins work
But World Liberty has attracted the most attention by far. In March 2025, the company launched USD1 (USD136148-USD), a stablecoin pegged to the US dollar, which is now the fifth largest in the world after growing to $5 billion in total market capitalization.
Stable currencies are linked to other assets such as the US dollar. Last summer, President Trump signed a bill that lays the groundwork for the first federal framework to regulate dollar-pegged stablecoins.
Since then, a disagreement over whether crypto platforms should be able to pay customers “yield,” or interest, on their stablecoin balances has stalled another, larger crypto bill called the Clarity Act. Banks and the crypto world are currently at an impasse on this issue, and the status of the bill plays a major role in crypto prices this year.
Crypto trade and banking groups gathered at the White House on Thursday for a third round of talks aimed at resolving the conflict.
During a wide-ranging interview with Yahoo Finance on Thursday, Eric Trump discussed bitcoin, crypto legislation, his personal unbanking experience and the latest digital asset project between the Trump Organization and his crypto venture capital, World Liberty Financial. (Reuters/Amr Alfiky) ·Reuters / Reuters
While admitting he “stays the hell away from Washington, DC,” Eric Trump said Thursday that banks are “doing everything they can to put up barriers” to passing the law because they are “threatened” by the crypto industry.
“Banks have always been the biggest monopoly in the history of this country, and now, all of a sudden, they’re under threat,” he said. Banks argued that allowing the measure gives crypto exchanges a way to offer bank-like products without the same regulatory requirements.
The Trump Organization is suing Capital One and more recently JPMorgan Chase for allegedly bankrolling the president’s family and hundreds of Trump Organization accounts for political reasons.
Both banks have denied illegally de-banking the president, his family or affiliated entities. A JPMorgan spokesman said last month that “the lawsuit has no merit” but added that the company “respects[s] the president’s right to sue.” In a court filing Thursday, JPMorgan accused Trump and related entities of calling CEO Jamie Dimon a “fraudulent” in their bankruptcy lawsuit against the company.
While speaking to Yahoo Finance, Eric Trump described the dynamic with the bank as “complicated,” pointing some blame at Biden-era regulators for the squeeze on lenders.
“JPMorgan pulled over 50 accounts from us,” he said, but added, “I have a lot of respect for the bank. It’s one of the nation’s great financial institutions.”
David Hollerith covers the financial sector, from the country’s largest banks to regional lenders, private equity firms and the cryptocurrency space.
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