Eric Trump: Saylor Urged Mar-a-Lago Bitcoin Mortgage

Eric Trump: Mortgage Mar-a-Lago for Bitcoin? Saylor Suggested It.

In a recent interview, Eric Trump revealed that MicroStrategy's Michael Saylor once proposed mortgaging Mar-a-Lago, the Trump family's Florida resort, to invest in Bitcoin. According to Trump, Saylor was serious about the suggestion, embodying his well-known "sell your liver and kidney and buy Bitcoin" mantra.

Trump's Crypto Stance and Mining Operations

Eric Trump, a known proponent of Bitcoin and the broader crypto economy, is the co-founder of American Bitcoin (ABTC), a Bitcoin mining company. He praised his father's pro-crypto policies, stating that Donald Trump achieved more in his first week regarding crypto than anyone in the previous decade.

While American Bitcoin imports mining equipment from China, Eric Trump downplayed the impact of tariffs, considering them a normal part of doing business. He emphasized the benefits of reduced energy costs for mining during his father's presidency.

New York Concerns & Crypto's Appeal

Eric Trump voiced concerns about a potential "socialist" mayor taking over New York City, the "biggest capitalist city." He contrasted the illiquidity of real estate with the ease of moving crypto assets globally, 24/7, unaffected by local political changes.

Bitcoin's Future

Eric reaffirmed his prediction that Bitcoin will reach $1 million, likely in the 2030s, citing adoption by countries like South Korea and Vietnam, as well as institutions like Fidelity, as positive signs.

Market Snapshot

The total crypto market capitalization is reported at $3.77 trillion. Bitcoin is currently trading at $112,149.85, up 1.30% on the day. Solana is up 3.40% at $194.18, prior to their annual Breakpoint conference in early December.