Eric Trump Announces American Bitcoin Launch, Lauds BTC As 'Modern-Day Gold'

Benzinga

Eric Trump, American Bitcoin Corp.’s co-founder and chief strategy officer, praised blockchain as the future of traditional finance. Eric Trump told CNBC that Bitcoin is "modern-day gold," citing its security, liquidity, and role as a global hedge with strong long-term returns. He emphasized accelerating institutional adoption, calling it a generational asset and said blockchain will make financial systems faster and cheaper. Eric Trump warned that traditional institutions risk a "slow and painful death" if they fail to adapt. The launch of American Bitcoin follows the Trump family’s experiences with debanking, which Eric said exposed vulnerabilities in traditional finance. Eric and Donald Trump Jr. together hold nearly 20% of ABTC shares, according to Reuters.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Eric Trump, American Bitcoin Corporation's co-founder and chief strategy officer,

00:06praised blockchain as the future of traditional finance.

00:09Trump told CNBC that Bitcoin has modern-day gold,

00:12setting its security, liquidity, and role as a global hedge with strong long-term returns.

00:17He emphasized accelerating institutional adoption, calling it a generational asset.

00:21He said blockchain will make financial systems faster and cheaper.

00:24Eric Trump warned that traditional institutions risk a slow and painful death

00:28if they fail to adapt.

00:30The launch of American Bitcoin follows the Trump family's experiences with debaking,

00:33which Eric said exposed vulnerabilities in traditional finance.

00:36Eric and Donald Trump Jr. together hold nearly 20% of ABTC shares, and according to Reuters.

00:42For all things money, visit Benzinga.com.

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