{"id":7078,"date":"2025-09-18T04:11:13","date_gmt":"2025-09-18T04:11:13","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-has-taken-golds-role-in-todays-world-eric-trump-says\/"},"modified":"2025-09-18T04:11:13","modified_gmt":"2025-09-18T04:11:13","slug":"bitcoin-has-taken-golds-role-in-todays-world-eric-trump-says","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-has-taken-golds-role-in-todays-world-eric-trump-says\/","title":{"rendered":"Bitcoin Has Taken Gold\u2019s Role In Today\u2019s World, Eric Trump Says"},"content":{"rendered":"

Eric Trump on Tuesday described Bitcoin as a \u201cmodern-day gold,\u201d<\/a> calling it a liquid store of value that can act as a hedge to real estate and other assets.<\/p>\n

According to reports<\/a>, the remark came during a TV appearance on CNBC\u2019s Squawk Box, tied to the launch of American Bitcoin, the mining and treasury firm he helped start.<\/p>\n

Company Holdings And Strategy<\/h2>\n

Based on public filings and company summaries, American Bitcoin<\/a> has accumulated 2,443 BTC on its balance sheet. That stash has been valued in the low hundreds of millions of dollars at recent spot prices.<\/p>\n

The firm mixes large-scale mining with the goal of holding Bitcoin<\/a> as a strategic reserve, which it says will help it grow both production and asset holdings over time.<\/p>\n

Eric Trump\u2019s comments were direct. He told viewers that institutions are treating Bitcoin more like a store of value than a fringe idea, and he warned firms that resist blockchain adoption.<\/p>\n

The tone was strong at times, and the line about Bitcoin being a modern equivalent of gold<\/a> was used to frame American Bitcoin\u2019s role as both miner and holder.<\/p>\n

 <\/p>\n

\n

Eric Trump has said: bitcoin is modern-day gold<\/p>\n

\u2014 unusual_whales (@unusual_whales) September 16, 2025<\/a><\/p>\n<\/blockquote>\n

How The Company Went Public<\/h2>\n

American Bitcoin moved toward a public listing via an all-stock merger with Gryphon Digital Mining earlier this year, a deal that kept most of the original shareholders in control and positioned the new entity for a Nasdaq debut.<\/p>\n

Reports show that mining partner Hut 8 holds a large ownership stake, leaving the Trump family and other backers with a minority share. The listing brought fresh attention and capital to the firm as it began trading under the ticker ABTC.<\/p>\n

<\/p>\n

Market watchers say the firm\u2019s public debut highlights two trends: mining companies are trying to grow by both producing and holding Bitcoin, and political ties are bringing more headlines to crypto firms.<\/p>\n

Some analysts point out that holding large amounts of Bitcoin on the balance sheet exposes a company to price swings, while supporters argue it aligns incentives between miners and investors.<\/p>\n

Reaction And Possible Risks<\/p>\n

Based on coverage of the launch, investors have reacted with both enthusiasm and caution. Supporters praise the prospect of a US-based miner that aims to be transparent and aggressive about building a reserve.<\/p>\n

Critics point to governance questions, possible conflicts tied to high-profile backers, and the usual risks of a volatile asset being held on corporate balance sheets.<\/p>\n

Eric Trump\u2019s remark that Bitcoin has taken gold\u2019s role in today\u2019s world reflects both his belief in its value and American Bitcoin\u2019s strategy of mining and holding.<\/p>\n

Whether that view sticks will depend on how investors and institutions respond in the months ahead.<\/p>\n

Featured image from Meta, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Eric Trump on Tuesday described Bitcoin as a \u201cmodern-day gold,\u201d calling it a liquid store of value that can act as a hedge to real estate and other assets. According to reports, the remark came during a TV appearance on CNBC\u2019s Squawk Box, tied to the launch of American Bitcoin, the mining and treasury firm…<\/p>\n","protected":false},"author":1,"featured_media":7079,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[65,73,70,2483,244,2257],"class_list":["post-7078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-btc","tag-btcusd","tag-eric-trump","tag-gold","tag-precious-metal"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=7078"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/7079"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=7078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=7078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=7078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}