Bitcoin 2025: Donald Trump Jr. talks about how his family went from skepticism to embracing cryptocurrency

At the Bitcoin 2025 conference held in Las Vegas this week, Donald Trump Jr. spoke publicly about his changing attitude towards cryptocurrency in a rare move, revealing the Trump family's gradual acceptance of blockchain technology.

In a fireside chat with Rumble CEO and founder Chris Pavlovski, Donald Jr. admitted that he was not an early supporter of cryptocurrency. He said that as a long-time member of the real estate and hard asset construction family, Bitcoin was "a bit fuzzy" to him at first. However, the reality of entering politics prompted him to re-examine this emerging technology.

"We started in politics, and suddenly we were deprived of bank services, we were denied insurance, and everything was lost in an instant. This situation was too cruel," he said.

Donald Jr. further revealed that he and his brother Eric "definitely" helped his father, the current President of the United States, Donald Trump, understand the potential of cryptocurrency and blockchain. Although Trump called Bitcoin a "scam" in 2021, he quickly changed his mind under the guidance of his son. "We may have realized its value earlier than he did, but once we explained the possibilities to him, he learned quickly."

After Trump accepted cryptocurrencies during the campaign, other candidates also "followed suit". Donald Jr. joked: "I would pay a lot of money, even my entire crypto wallet, to have Kamala Harris explain blockchain technology. That would be the most exciting empty talk show she has ever had in politics."

He also added that one of Trump's core policies is "financial democratization", "which is one of the core ideas he wants to promote in this administration, second only to achieving world peace."

Nevertheless, the Trump family's currency-related projects, including "TRUMPmemecoin" and "World Liberty Financial", have aroused widespread doubts from regulators and the industry. Critics believe that these projects lack transparency and may have conflicts of interest.

However, since Trump returned to politics, legislative work around cryptocurrencies has re-accelerated. Donald Jr. pointed out that with the approach of stablecoin-related bills and the potential introduction of market structure and strategic Bitcoin reserve bills, the US crypto industry is moving towards a clearer regulatory environment.

"People often say that it takes a perfect storm for Bitcoin to reach the moon. I think we are getting that storm," he said.