Hong Kong, August 29, 2025——The second Bitcoin Asia 2025 conference grandly opened on August 28 at the Hong Kong Convention and Exhibition Centre, attracting over 17,000 cryptocurrency enthusiasts from around the world, setting a historical record for Bitcoin-themed events in Asia. Eric Trump, son of U.S. President Donald Trump, served as the keynote speaker and engaged in an in-depth dialogue with host Tracy Hoyos-Lopez, sharing his firm belief in Bitcoin, predicting its price will soon reach $1 million, and elaborating on his strategic layout in projects such as American Bitcoin, Meta Planet, and World Liberty Financial. He emphasized that Bitcoin is not only "digital gold" but also the cornerstone of global financial freedom, poised to reshape the traditional financial system. This dialogue ignited enthusiasm in the audience and added international attention to Hong Kong's status as a digital asset hub in Asia.
Enthusiastic Opening: Hong Kong's Hospitality and Bitcoin's Global Cohesion
As soon as Eric took the stage, he expressed gratitude for Hong Kong's warm hospitality: “From the moment I arrived, I felt unparalleled warmth. This is the best event I have ever experienced!” He praised the diversity of the summit attendees: “Bitcoin connects the whole world; you can't find a more diverse group than this. We all believe it is the future of finance.” He views Bitcoin as a bond for the global community, connecting people from different countries, cultures, and economic backgrounds, laying the foundation for financial transformation.
From Real Estate to Cryptocurrency: Eric's Transformation Journey
Eric shared his transition from the real estate industry to the cryptocurrency field: “Three years ago, 90% of my energy was focused on hard assets like hotels and golf courses. Now, 70% of my time is invested in digital assets because they are faster, more explosive, and have huge profit potential.” He pointed out that Bitcoin's liquidity far exceeds that of traditional assets: “Selling a hotel takes a year and a half, involving countless intermediary fees. Bitcoin can transfer millions of dollars globally in seconds.” He emphasized that Bitcoin's limited supply of 21 million coins and its immense computing power make it the best hedge against inflation, deserving the title of "digital gold."
Core Projects Unveiled: Mining, Stablecoins, and Asian Layout
Eric detailed his three passionate projects. First is American Bitcoin, collaborating with Michael Saylor and Asher to create the world's lowest-cost Bitcoin mining company: “Our mining cost per Bitcoin is only $37,000, producing efficiently every day, and we are about to go public, faster than expected!” He specifically mentioned the inspiration from Michael Saylor, calling him a pioneer in the industry. Second is Meta Planet, working with Japanese entrepreneur Simon to promote Bitcoin development in Asia: “Simon's work in Japan is unmatched; he has made Bitcoin's voice resonate throughout Asia.” Finally, World Liberty Financial, whose USD1 stablecoin is hailed as “the fastest-growing stablecoin in the world,” is injecting liquidity into areas like hotel bookings and commodity trading, challenging the traditional Swift system.
Harsh Critique of Traditional Finance: Inefficiency and Corruption in the Banking System
Eric fiercely criticized the shortcomings of the traditional financial system: “The global financial system is in ruins—slow, expensive, and corrupt. Banks only keep 10% of deposits but dictate how you use your funds.” He shared a case where a client lost $2 million in taxes due to a bank transfer, criticizing the inefficiency of banks: “In the U.S., you get questioned for withdrawing $10,000 in cash; it's absurd!” He believes that Bitcoin's decentralized nature allows people to truly control their wealth, freeing them from the “hostage” state imposed by banks.
The Bank's Choice: Embrace Cryptocurrency or Be Eliminated
Regarding the future of banks, Eric predicted: “Big banks are slow to act, building their platforms after six months of research, ultimately falling three years behind. Smaller banks are more agile and are gaining huge deposits by entering the market first.” He mentioned that giants like Schwab and Fidelity have launched digital asset departments, and the 280 million bank accounts in the U.S. will soon connect to Bitcoin and Ethereum. “Wealth management institutions have increased their recommended investment ratio from 1%-2% to 5%, and it may reach 15%-20% in the future. Trillions of dollars in liquidity are about to flood in; we are standing on the edge of a new era!” He warned that if banks do not embrace cryptocurrency, they will be replaced by platforms like Kraken and Coinbase.
Global Regulation and Competition: The U.S. Leads, Asia Must Accelerate
In the global competition, Eric believes the U.S. is ahead due to support from the Trump administration: “My father has long been optimistic about Bitcoin, and its legislation has become a global template.” He mentioned the positive attitude of the UAE: “My project in Dubai accepts Bitcoin for real estate purchases, and the market response has been enthusiastic!” He urged Middle Eastern and Asian countries to accelerate their pace: “Regulators avoid new things due to risk aversion, but forward-thinking countries will prevail.” He praised industry advocates like Michael Saylor, Simon, and David Bailey, stating that they have driven the development of the global Bitcoin community.
The Future of Bitcoin: Million-Dollar Price and Financial Freedom
Eric boldly predicted: “Bitcoin will soon reach $1 million! From sovereign wealth funds to top consortiums, the world is chasing it.” He emphasized that Bitcoin is not only a store of value but is also increasing in utility daily, such as in lending and payments. “In developing countries, Bitcoin provides financial freedom; in global trade, it liberates the flow of funds. Buying a luxury watch with Bitcoin takes seconds, while banks make you wait weeks!” He likened the current era to a “digital gold rush,” predicting that Bitcoin will occupy 75%-80% of market liquidity.
Opportunities and Challenges in Hong Kong: Regulatory Controversies Behind the Summit
This summit coincides with an upgrade in Hong Kong's cryptocurrency regulations. The “Stablecoin Act” introduced by the Hong Kong Securities and Futures Commission in May 2025 requires that Hong Kong dollar-backed stablecoins must be licensed, and while nine trading licenses have been issued, the limitation to four types of tokens has sparked controversy. Binance founder Changpeng Zhao (CZ) previously warned that Hong Kong needs to expand the variety of cryptocurrencies to compete with the U.S. and UAE. During the summit, Hong Kong Securities and Futures Commission Executive Director Yip Chi-hang and Legislative Council member Wu Jiezhuang withdrew from the event due to political sensitivity, highlighting the complexities of cryptocurrency in global geopolitics. Nevertheless, Eric's optimistic predictions and project disclosures have injected confidence into the Hong Kong market, with social media buzzing: “Eric's moon journey ignites a financial revolution!”
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