Eric Trump, son of the US president, urged a crowd in Hong Kong on Friday to buy bitcoin during a trip to Asia where his crypto company is reportedly seeking acquisitions.

US cryptocurrency investors were major supporters of Donald Trump's presidential campaign, contributing millions of dollars toward his victory in hopes of reversing the government's scepticism toward the sector under his Democrat predecessor Joe Biden.

The US House of Representatives passed three landmark cryptocurrency bills last month, with Trump, 79, making several other moves to bolster the sector.

These regulatory changes have caused the value of bitcoin to soar, with the digital currency hitting a new peak above $124,500 in mid-August before retreating.

Eric Trump, 41, told a Hong Kong conference hall packed wi

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