Eric Trump to Speak at Consensus 2025 on Bitcoin Mining Vision
Eric Trump will speak at the Consensus 2025 conference on May 15, discussing his role in reshaping bitcoin mining through a new venture called American Bitcoin, formed with Hut 8. He serves as Chief Strategy Officer.
Key points about American Bitcoin:
- Aims to become the world's largest pure-play Bitcoin miner.
- Targets over 50 EH/s of mining capacity.
- Launched on March 31.
The Consensus conference, organized by CoinDesk, attracts over 15,000 attendees annually and will take place at the Metro Toronto Convention Centre from May 14-16.
In addition to American Bitcoin, Eric Trump is involved in:
- World Liberty Financial, a DeFi protocol planning to launch a stablecoin.
- Advisory roles with Metaplanet and Dominari Holdings, which has invested $2 million in BlackRock's iShares Bitcoin Trust.
Trump stated that the Trump Organization turned towards cryptocurrency after being "debanked" during the Biden Administration, citing benefits such as speed and cost-effectiveness. However, not all investments have been successful; a recommendation to buy ether (ETH) at around $2,700 was followed by a drop to approximately $1,500.