Why Eric Trump Wants to Make Big Banks 'Irrelevant' | CoinDesk Spotlight
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CoinDesk
4.7 • 698 Ratings
🗓️ 21 October 2025
⏱️ 53 minutes
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| 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. |
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| 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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