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CoinDesk Podcast Network

Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight

CoinDesk Podcast Network

CoinDesk

Business News, News, Daily News, Tech News

4.7698 Ratings

🗓️ 21 October 2025

⏱️ 53 minutes

🧾️ Download transcript

Summary

Insights into the past, present and future of the crypto industry with Eric Trump. Follow the podcast ⁠⁠⁠⁠here⁠⁠⁠⁠. Eric Trump, American Bitcoin co-founder and Chief Strategy Officer, joins "CoinDesk Spotlight" to break down how being "de-banked" and the weaponization of the financial system pushed him into crypto. Plus, his journey from real estate to bitcoin mining and the vision for tokenizing Trump properties. And, he shares the story of Michael Saylor telling him to mortgage Mar-a-Lago to buy bitcoin. - This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠https://midnight.network/break-free⁠⁠ - Bridge simplifies global money movement. As the leading stablecoin issuance and orchestration platform, Bridge abstracts away blockchain complexity so businesses can seamlessly move between fiat and stablecoins. From payroll providers and remittance companies to neobanks and treasury teams, Bridge powers payments, savings, and stablecoin issuance for thousands – like Shopify, Metamask, Remitly, and more. URL: ⁠⁠⁠https://hubs.ly/Q03KGbRK0⁠⁠ - OwlTing (Nasdaq: OWLS) is building invisible rails for global payments. With OwlPay, businesses and users can bridge fiat and stablecoins, send money instantly across borders, and access stablecoin checkout at lower costs. Licensed worldwide, OwlTing delivers secure, compliant, and regulated infrastructure for the digital economy. Learn more at ⁠⁠https://www.owlting.com/portal/?lang=en&utm_source=CoinDesk&utm_medium=cpc&utm_campaign=CoinDesk_Banner⁠⁠. - Timestamps: 1:47 - Eric Trump's First Memory of Money 3:42 - How "Debanking" Led Eric Trump to Crypto 8:28 - The Danger of Hard Assets vs. Crypto's Liquidity 12:18 - 'Michael Saylor Told Me to Mortgage Mar-A-Lago for Bitcoin' 13:29 - Building American Bitcoin 16:32 - Eric Trump's $1 Million Bitcoin Prediction 20:17 - Why Eric Says the "Dam is Breaking" for Crypto Adoption 22:17 - Market Structure and Where Crypto Regulation Goes from Here 25:21 - Are Tariffs Impacting ABTC's Mining Operations? 27:00 - World Liberty Financial's DeFi Model 30:16 - USD1 & Financial Freedom in Developing Nations 36:52 - Tokenizing Trump Real Estate 38:41 - Taylor Swift Should Be Able to Tokenize Her Albums 41:26 - Eric Trump's Take on Stablecoins 45:09 - Who Are Eric Trump's Crypto Mentors? 51:39 - Is Barron Trump a Degen? - This episode was hosted by Jennifer Sanasie. “CoinDesk Spotlight” is produced by Sam Ewen, Jennifer Sanasie, Taylor Fleming and Victor Chen.

Transcript

Click on a timestamp to play from that location

0:00.0

We're sitting at the patio in Mar-Lago, Michael and I, and we were kind of, you know,

0:03.2

geeking out going down this rabbit hole.

0:05.1

And he goes, Eric, you know, you need to take this property. And Mar-a-Lago has no debt on it. You need to take this property. You need to mortgage it right now and you need to go out and buy Bitcoin. By the way, he was dead serious, right? He's a guy that goes out and says, you know, sell your liver and kidney and buy Bitcoin.

0:17.5

And by the way, he's probably also right.

0:29.0

Break the cycle of exploitation, break down the barriers to truth, break into the next generation of privacy, break free. Free to scroll without being monetized, free from censorship,

0:34.5

freedom without fear. We deserve more when it comes to privacy.

0:37.8

Experience the next generation of blockchain that is private and inclusive by design.

0:42.3

Break free with midnight, visit midnight.net.net. Network forward slash break dash free.

0:46.6

Built for speed, scale and simplicity, bridge helps businesses send, store, accept, and launch

0:51.2

stable coins instantly. Serve global customers without navigating the complexities

0:55.2

of setting up crypto rails. It's how companies like X, Shopify, and Airtm unlock new markets,

1:01.2

reduce FX costs and move money at internet speed. Looking for a faster, cheaper way to move money worldwide,

1:07.3

Owl Ting now listed on the NASDAQ under the ticker symbol Owls, is building the rails for

1:11.4

stablecoin payments. Convert fiat to stable coins and send money as easily as a text message. Learn more

1:17.1

at Owlting.com. Eric Trump, welcome to CoinDesk Spotlight. Janet Scudson, Jeanis, Scott to be on.

1:23.4

All right. Well, you know, on this show, we like to have a little bit of a longer conversation with folks who are making an impact on the industry. And I want to start here because I think you might have an interesting and maybe different perspective than some of the folks have spoken to previously on this show is I'd love to for you to reflect and maybe tell us a little bit about your first memory of money really

1:46.0

mattering. Oh, God, money really mattering. I was at the age of 11, right? Listen, we were spoiled

1:52.7

to sell. We were Trumps, right? And we grew up in ivory towers and every stereotype that you

1:57.0

could probably imagine was probably right about us. I mean, I grew up on the top floor,

1:59.8

the penthouse of Trump Tower. And my family was, and my father and my mom, they were not into giving us cash in any way, right? So we always had a warm roof of our head. We always had, you know, great meals. We always went to the best schools. But if we wanted something, we went and worked for it. And so I started working construction when I was 11 years old. I worked on our construction sites every single summer, all summer long. You know, I was cutting rebar with the settling torches. I was running chainsaws. I was doing demolition. I was doing electrical work. I was doing HVAC work. And that's when I learned the value of money. When you're sitting there sweating, bleeding, you know, breaking down walls, dusty, you know, breathing in unthinkable things, you know, and you're making four bucks an hour for, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you know, breaking down walls, dusty, you know, breathing in unthinkable things, you know, and you're making four bucks an hour for you, you understand the value of money. You learn the value of money, and it was the best thing that ever happened to me. I mean, again, you learn the value of money, but you also learned a skill. It tired you out. There's nothing good about a type A kid having too much free time or too much money, right? That leads to disastrous things.

2:51.9

And so, you know, being tired at the end of a job site and at the end of a day, going to bed.

2:57.7

And also not want to take that money and go use it to buy drugs or go party or whatever it might be was a great thing.

...

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