Eric Trump Teases Mystery Crypto Project

The Trump Organization appears to be close to announcing a new crypto project. The company president Eric Trump spoke with the New York Post today stating that he sees potential in the blockchain sector.

Anticipation started rising early in August, when Trump’s younger son posted on X that he had “fallen in love” with the new tech and that his followers should “stay tuned” for a special announcement.

Source: X

“It’s digital real estate,” he told The Post in an exclusive interview. “It’s equitable. It’s collateral anyone can get access to and do so instantly. I don’t know if people realize what a shake up that is for the world of banking and finance. I hope we can help change that.”

The Post reports that the second son of former president Donald Trump says he views crypto and decentralized finance as potentially potent accelerants to the US economy.

“Essentially over half this country right now cannot be banked,” Trump said.

“Meaning they will be rejected for most loans from most institutions. But with this technology, they could have the ability to almost instantaneously be approved or denied from a lender based on math, not policy. Money could be in their account in minutes, not months. The system as it stands now can be manipulated. And it is. All the time,” Trump warned.

“My family has certainly had our fair share of financial discrimination. I’ve had a unique perspective on how easily people can be kept out of certain markets. It slows everything down. It’s not right.”

The details of the announcement remain a closely guarded secret, and the source of speculation, but the Trump Organization prez says the “moment everything is final and ready to go” he will proceed to tell the world.

“At some point, I think we all want some form of financial independence and a world where we don’t have to play by the big bank’s playbook,” he concluded.

In an X Spaces event yesterday that was listened to by millions, former President Donald Trump and X CEO Elon Musk came together for an extensive discussion that spanned a range of pressing issues but notably sidestepped the topic of cryptocurrencies.

Despite high expectations and significant betting interest on Polymarket, Trump refrained from mentioning either Bitcoin or the broader category of crypto during the two-hour conversation.

The dialogue, which was delayed by over 45 minutes due to what Musk described as a “massive” attack on X, covered illegal immigration, the economy, artificial intelligence, and global warming.

Musk attributed the delay to a concerted DDOS effort to prevent Trump from being heard, although this claim was met with skepticism. A report from The Verge, citing an inside source, suggested a high likelihood that Musk’s explanation might not hold water, while cybersecurity experts did not confirm a DDOS attack, noting only international outages.

In the world of predictive betting, enthusiasts had wagered over $600,000 on the mention of “crypto,” reflecting a 65% probability. The stakes were also high for mentions of “Bitcoin,” with bets peaking at a 69% chance. However, none of these anticipated mentions materialized during the interview.

Trump did, however, touch on other hot-button topics that bettors had their eyes on. Terms like “MAGA,” “illegal immigrant,” and even “tampon” were part of the discourse, confirming some of the bettors’ predictions. Notably, when it came to “Tesla,” Trump avoided the specific term, opting instead to refer to Musk’s company as “your cars,” which dodged another popular betting topic.

One particularly successful bettor, known online as ‘bama1234’, managed to net over $1 million by accurately predicting the presence or absence of these keywords during the broadcast. His most lucrative bet was on Trump not mentioning “crypto,” which alone added $336,918 to his winnings.

Despite the lively and broad-ranging discussion, some listeners might have felt the absence of direct mentions of cryptocurrency, especially considering Trump’s recent engagement with the topic at the BTC 2024 conference.