Eric Trump revealed that he had an opportunity to mortgage Mar-a-Lago to purchase cryptocurrency but chose not to because his father would not have been "thrilled."
At a Bitcoin conference on Wednesday, Trump said he was approached by "Bitcoin evangelist" Michael Saylor about a year earlier.
"He goes, Eric, here's the play," the president's son recalled. "You need to mortgage Mar-a-Lago right now. You need to take $2 billion out on Mar-a-Lago right now, and you need to go long [on] Bitcoin."
"And I go, I don't know if I mortgaged my father's house right now, I'm not sure if he's – and by the way, he's a total Bitcoin maxi, but I'm not sure if he's going to be thrilled," he said of his dad.
Rosalind Clarke, a longtime Palm Beach real estate agent, estimated in 2023 that the property was worth around $500 million.
Despite declining the offer to leverage Mar-a-Lago for Bitcoin, the Trump family has encouraged others to invest in their cryptocurrency ventures.
Watch the video below from C-SPAN.
