On Jan. 2, 2025, Eric Trump, executive vice president of the Trump Organization and son of U.S. President-elect Donald Trump, met with Michael Saylor, executive chairman of MicroStrategy, at Mar-a-Lago to discuss Bitcoin’s future.
A Shared Vision for Bitcoin
Eric Trump has emerged as a vocal proponent of Bitcoin in recent months. Speaking at the Bitcoin MENA 2024 conference in Abu Dhabi on Dec. 9, he predicted that Bitcoin would surpass $1 million per coin, describing it as the cornerstone of a financial revolution. Trump emphasized Bitcoin’s unique ability to hedge against inflation, political instability, and natural disasters, calling it a “global asset.” He highlighted its decentralized nature and limited supply of 21 million coins as key factors underpinning its value, contrasting it with the inefficiencies of traditional finance.
Eric also lauded his father’s pro-crypto stance, labeling him as the most pro-crypto president in U.S. history. He credited President-elect Donald Trump with reviving the cryptocurrency sector and adding $1 trillion to Bitcoin’s market value, claiming this resurgence was driven by the administration’s promise to protect digital assets from overregulation. “America is going to lead the way in the digital revolution,” Eric proclaimed at the conference, drawing enthusiastic applause from the audience.
Michael Saylor, a steadfast advocate for Bitcoin, has positioned MicroStrategy as a pioneer in corporate Bitcoin adoption. Since its first Bitcoin purchase on Aug. 11, 2020, MicroStrategy has aggressively accumulated Bitcoin as a treasury reserve asset. On Dec. 30, 2024, Saylor announced on X that MicroStrategy had acquired an additional 2,138 BTC for approximately $209 million at an average price of $97,837 per Bitcoin. As of Dec. 29, 2024, the company held 446,400 BTC, acquired for roughly $27.9 billion at an average price of $62,428 per Bitcoin.
On Jan. 2, Alex Thorn, Head of Research at Galaxy, pointed out that MicroStrategy ended 2024 as the best-performing major asset globally, while Bitcoin ranked third. On a risk-adjusted basis, measured by the Sharpe ratio, MicroStrategy again secured the top spot, with Bitcoin maintaining its position as third. Notably, two of the top three assets in 2024 were directly tied to Bitcoin, highlighting the cryptocurrency’s strong performance and the effectiveness of Michael Saylor’s Bitcoin strategy.
Saylor’s leadership has not only redefined MicroStrategy’s corporate strategy but also established Bitcoin as a viable asset for institutional investors. His influence has been instrumental in advancing the narrative of Bitcoin as a digital gold and a hedge against economic uncertainty.
Saylor’s commitment to Bitcoin—as demonstrated by MicroStrategy’s massive holdings—has set a benchmark for corporate adoption. Meanwhile, Eric Trump’s vocal support for Bitcoin as a “global asset” could encourage further institutional and governmental interest in the cryptocurrency.
As President-elect Donald Trump prepares to take office, his administration’s approach to cryptocurrency regulation will likely shape the trajectory of the industry. Eric Trump’s advocacy and the Trump family’s association with Bitcoin could pave the way for a more favorable regulatory environment, fostering innovation and adoption in the blockchain space.
Featured Image via Pixabay
