Eric Trump, co-founder and chief strategy officer of American Bitcoin Corp. (ABTC), has spoken out in strong support of blockchain technology, calling it the future of traditional finance. In a recent CNBC interview, he referred to Bitcoin (BTC) as "modern-day gold," emphasizing its security, liquidity, and ability to act as a global hedge.
According to Trump, the move into crypto, particularly through the launch of ABTC, was accelerated by the Trump family’s experiences with being "debanked" by major U.S. banks. He argued that these events highlighted the vulnerabilities of the traditional financial system. He also addressed potential conflicts of interest, stating that the family’s business ventures were driven by necessity rather than political gain.
Looking forward, Trump predicts a major shift in financial markets where blockchain will make systems faster and more efficient. He warned that traditional institutions that fail to adapt will face a "slow and painful death." Reuters reports that Eric and Donald Trump Jr. together hold nearly 20% of ABTC shares. This isn't the first time Eric Trump has expressed his support for crypto; he recently called it the "greatest hedge to real estate."
September 2025, Cryptoniteuae