'Out of touch': Eric Trump blasted for $500 million Bitcoin brag

13 November 2025

Eric Trump, Executive Vice President of the Trump Organization, speaks at the Bitcoin Asia conference, in Hong Kong, China, August 29, 2025. REUTERS/Tyrone Siu

Eric Trump, President Donald Trump’s son in charge of the family’s real estate empire, is under fire for bragging about millions of dollars of bitcoin as millions of Americans struggle to put food on the table, after his father urged the Supreme Court to allow him to not fund SNAP during the shutdown.

Millions of Americans found their SNAP accounts unfunded on November 1. SNAP, the Supplemental Nutrition Assistance Program, helps about 42 million Americans buy groceries. Most people who use SNAP are elderly, children, disabled, or working more than one job.

“There’s no reason, at 5 o’clock, on a Friday afternoon, you should, you know, I should be able to send out a SWIFT wire transfer,” the middle Trump son lamented to Fox Business host Maria Bartiromo. “You know, right now, you can’t.”

“I try and make a transfer every single week, and you’re trying to push before the 5 o’clock deadline to either receive money or to get it out. How is that modern day finance?” he complained.

“You can send $500 million worth of Bitcoin on a Sunday night at, you know, at 11:00 p.m. while having a glass of wine with your wife,” Trump explained. “For virtually zero fees.”

“You know, how is the system this lethargic? Why does it take you 120 days to get a, you know, go through, Know Your Customer with your bank? If you want to get a home mortgage, it doesn’t make any sense,” he said. “Cryptocurrency is gonna fix every single one of these issues, and Bitcoin is digital gold.”

“Bitcoin is going to be one of the greatest stores of value we’ve ever seen,” he concluded.

Americans are increasingly dissatisfied with the Trump economy, polls show. Inflation has been on the rise, as have prices at the supermarket. The average cost of a car is now over $50,000. Major corporations have announced or are planning to lay off thousands — or even tens of thousands — of workers. Unemployment is estimated to be up, to a four-year high, per the most recent data. Consumer confidence has dropped to a near-record low. There is a possibility that some parts of the country may already be in a recession, according to one economist.

Critics blasted Trump’s remarks.

“Just like every normal American does,” The Bulwark’s Colin Jones sarcastically remarked.

“Is that before or after you figure out how you’re going to feed your family without the SNAP payments his father went to the Supreme Court to suspend? Or pay the health care costs his administration has made sure to skyrocket? I just want to get the sequencing right,” wrote Franklin Leonard, founder of the Black List.

“I’m just like Eric. Except on my Sunday nights I’m trying to order my Instacart for the family while the low grade gummy kicks in,” wrote The Bulwark’s Sam Stein.

“Don’t let anyone tell you the Trumps are out of touch with rising costs,” remarked MSNBC’s Matt Fuller.

“Starting to think they may not understand what families going through with higher prices…” commented communications professional Eddie Vale.

“These are the same people who blast Zohran Mamdani for caring about affordability,” noted The Friendly Atheist’s Hemant Mehta.

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