‘If you don’t have the backbone … go invest in some boring bond’
Real estate and crypto entrepreneur Eric Trump said on Thursday that the crypto world is going to be the future of mainstream finance despite the rout of recent months.
During a wide-ranging interview with Yahoo Finance, Trump weighed in on bitcoin, crypto legislation, his personal debanking experience, and the latest digital asset project between the Trump Organization and his flagship crypto venture, World Liberty Financial.
“First of all, markets aren’t always rational,” Trump said while speaking from Palm Beach, Fla., pointing to bitcoin’s performance over the past 10 years, when it was below $500 per coin.
Bitcoin (BTC-USD) fell Thursday below $67,000, putting it on pace for its fifth straight week of decline. Its price has nearly halved since reaching an all-time high last October and is down 31% over the past year.
“If you don’t have the backbone, the wherewithal to weather volatility, go invest in some boring bond that’s going to yield you 4.5% and call it a day,” Trump said.
Trump’s comments came on the heels of World Liberty Financial pushing into a less volatile side of the crypto world: tokenization.
In partnership with crypto firm Securitize and a London stock exchange-listed subsidiary of major Saudi Arabian real estate developer DarGlobal, World Liberty is putting real estate assets linked to a Trump resort project in the Maldives, set for completion in 2030, on the blockchain.
The effort involves packaging revenue interests from loans tied to the real estate project so they can be sold as crypto securities to wealthy investors via crypto exchanges. Tokenization is the process of creating a crypto-world representation of an asset so that its likeness can be traded on crypto rails.
The tokenized real estate market stands at roughly $359 million, according to crypto data platform RWA.
Tokenization is “going to change the way money flows around the world,” Trump said, adding that he expects more of everything from debt and commodities to Hollywood film rights, fine art, and potentially even ownership in five-star restaurants to eventually go on blockchains.
“We’re very excited to be on the forefront of that with real estate,” he added.
The Trump family’s crypto ventures have ballooned since Donald Trump embraced the crypto world while campaigning in 2024. His household’s tied digital asset empire now sprawls into most corners of the crypto space.
But World Liberty has by far caught the most attention. In March 2025, the company launched USD1 (USD136148-USD), a US dollar-pegged stablecoin that is now the world’s fifth largest after swelling to $5 billion in total market value.
Stablecoins are pegged to other assets, such as the US dollar. Last summer, President Trump signed a bill laying the groundwork for the first federal framework regulating dollar-pegged stablecoins.
Since then, a disagreement over whether crypto platforms should be able to pay customers “yield,” or interest on their stablecoin balances, has stalled another larger crypto bill called the Clarity Act. Banks and the crypto world are currently at a stand-off on the issue, and the bill’s status plays a major role in where crypto prices go this year.
Crypto and banking trade groups gathered at the White House on Thursday for their third round of talks aimed at resolving the clash.
During a wide-ranging interview with Yahoo Finance on Thursday, Eric Trump weighed in on bitcoin, crypto legislation, his personal debanking experience, and the latest digital asset project between the Trump Organization and his flagship crypto venture, World Liberty Financial. (Reuters/Amr Alfiky) ·Reuters / Reuters
While admitting that he “stays the hell away from Washington, D.C.,” Eric Trump said Thursday that banks are “doing everything they can to put up roadblocks” to passing the bill because they are “threatened” by the crypto industry.
“Banks have always been the greatest monopoly in the history of this country, and now all of a sudden, they’re threatened,” he said. Banks have argued that permitting the measure offers crypto exchanges a way to offer bank-like products without the same regulatory requirements.
The Trump Organization is suing Capital One and, more recently, JPMorgan Chase, for allegedly debanking the president’s family and hundreds of the Trump Organization’s accounts for political reasons.
Both banks have denied illegally debanking the president, his family, or related entities. A JPMorgan spokesperson said last month that “the suit has no merit,” but added that the company “respect[s] the President’s right to sue.” In a court filing on Thursday, JPMorgan accused Trump and related entities of “fraudulently” naming CEO Jamie Dimon in their debanking lawsuit against the company.
While speaking with Yahoo Finance, Eric Trump described the dynamic with bank as “complicated,” pointing some blame at Biden-era regulators for pressuring lenders.
“JPMorgan pulled well over 50 accounts from us,” he said, but added, “I have a lot of respect for the bank. It’s one of the nation’s great financial institutions.”
David Hollerith covers the financial sector, ranging from the country’s biggest banks to regional lenders, private equity firms, and the cryptocurrency space.
