Eric Trump says that the United Arab Emirates, like other countries in the world, has started “actively buying” Bitcoin. “If you go to the United Arab Emirates, to many countries, they are actively putting coffers into it,” he said in a recent interview. “If you look at Fortune 500 companies, they’re actively hoarding Bitcoin … that’s why it’s been as explosive as it is.”
Bitcoin climbed past $115,000 over the weekend and is now at $115,264 at press time. It has grown over 70% in value over the past year, with several countries and financial institutions investing in the asset. Bitcoin price rose following announcements by US Treasury Secretary Scott Bessent, who confirmed that significant progress had been made in trade talks between the US and China over the weekend. Bitcoin’s climbing momentum was fueled by relief that the threatened 100% tariffs can be averted.
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Eric Trump himself has always proclaimed himself pro-Bitcoin, something his father has also spread throughout his administration. Despite being recently removed from the board of the World Liberty Treasury company “ALT5 Sigma” due to Nasdaq regulations, Trump is still heavily involved in the crypto industry and is a prominent voice in crypto.
