The Trump family crypto empire looks to Asia: Eric Trump talks Bitcoin in Hong Kong

Eric Trump said Friday helium is definite bitcoin volition yet deed a $1 cardinal valuation arsenic helium spoke astatine a Hong Kong conference, marking the archetypal of a bid of Asian crypto events that volition diagnostic U.S. President Donald Trump's sons.

Speaking astatine Hong Kong's Bitcoin Asia 2025 conference, Eric Trump discussed his beardown engagement successful the crypto space.

"I truly judge successful the adjacent respective years, Bitcoin hits a cardinal dollars. There's nary question," helium said, adding that 90% of his clip is present spent with the crypto community. 

During his panel, the American businessman and erstwhile world TV presenter besides showered praise connected Simon Gerovich, president and CEO of Japanese Bitcoin treasury institution Metaplanet. Eric joined the Tokyo-listed company's committee of advisors earlier this year. 

Bitcoin's terms has risen astir 86% successful the past 12 months amid buoyant capitalist sentiment surrounding President's Trump's predetermination triumph and a much affirmative U.S. regulatory situation connected crypto. However, it's worthy noting that cryptocurrencies mostly tin beryllium highly volatile and the abstraction has been shrouded successful the past by illicit enactment and firm scandals. In 2022, bitcoin and different integer currencies slumped sharply aft a slew of large crypto companies went bankrupt.

Eric Trump, on with his member Donald Trump Jr, person go large players successful the Trump family's increasing crypto empire. The 2 are co-founders of the bitcoin-mining task American Bitcoin and besides assistance negociate the Trump family-backed task World Liberty Financial.

Now the brothers are broadening their propulsion into integer assets to Asia. Soon aft his Hong Kong visit, Eric Trump is reportedly headed to Japan to be a shareholder gathering of Metaplanet, according to a caller report from Bloomberg News.

Later successful September, some Eric Trump and Donald Trump Jr. are expected to talk astatine a South Korean crypto conference, and the brace is slated to appear arsenic cardinal speakers astatine Singapore's Token 2049, 1 of the world's largest crypto events.

Once a skeptic of cryptocurrencies, President Trump has besides embraced the crypto industry, branding himself arsenic the archetypal "crypto president." 

"The Bitcoin assemblage embraced my begetter dissimilar thing I had ever seen before," Eric Trump said Friday adding: "And I anticipation that's paid disconnected successful spades."

The Trump medication has launched a fig of enforcement orders and backed policies welcomed by the integer plus manufacture and has filled his furniture with crypto advocates similar David Sacks, the White House's AI and crypto czar. 

Trump has besides been progressive successful crypto concern ventures, including World Liberty Financial and his $TRUMP meme coin, starring to accusations of corruption and self-dealing from absorption lawmakers, arsenic good arsenic calls for morals investigations.

Given the shared interests betwixt the American president and his son's crypto activities, marketplace watchers volition beryllium monitoring however the 2 brothers are received by authorities officials during their Asia tour. 

The visits travel against the backdrop of President Trump's ongoing planetary commercialized war, which has made Asia a large target.  

A Hong Kong authoritative and a lawmaker withdrew from a Bitcoin Asia league successful the metropolis pursuing proposal not to prosecute with Eric Trump, the South China Morning Post reported Thursday, citing radical acquainted with the matter. 

An archived version of the lawsuit webpage confirmed that Eric Yip, enforcement manager astatine the Securities and Futures Commission (SFC), and lawmaker Johnny Ng had antecedently been connected the database of speakers for the event, earlier being removed. 

The SFC told CNBC that Yip was incapable to be the lawsuit due to the fact that of a concern trip, portion the South China Morning Post reported that Ng said helium withdrew for household reasons. 

The Hong Kong legislative assembly did not respond to a petition for remark from CNBC.

- CNBC's Ryan Browne contributed to this report.