Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Eric Trump, co-founder and chief strategy officer at American Bitcoin Corp. (NASDAQ:ABTC) has lauded blockchain adoption as the future of traditional finance.
What Happened: Speaking on CNBC on Tuesday, Trump described Bitcoin (CRYPTO: BTC) as “modern-day gold,” highlighting its security, liquidity, and role as a global hedge that has delivered strong long-term returns.
He pointed to growing institutional adoption, from Fortune 500 corporations to sovereign wealth funds, and framed Bitcoin as a generational asset.
Trending: Your Last Chance to Invest in Pacaso Before Their Global Expansion — Offer Ends Sept 18
The launch of American Bitcoin, a hybrid mining and treasury firm spun out of Hut Eight’s restructuring, follows the Trump family’s experiences with debanking by major U.S. banks, which Eric says revealed the vulnerabilities of traditional finance and accelerated their push into crypto.
Addressing questions about conflicts of interest during his father’s presidency, Trump stressed that the family’s ventures reflect business necessity rather than political profiteering.
He argued that the Trump Organization has faced costs, not windfalls, from politics.
See Also: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?
Why It Matters: Looking ahead, the president’s son forecasts a transformational shift in financial markets, with blockchain making systems faster, cheaper, and more efficient.
He warned that traditional institutions slow to adapt will face a “slow and painful death.”
Eric Trump and Donald Trump Jr. together hold nearly 20% of ABTC shares, according to Reuters.
Recently, Eric called crypto the greatest hedge to real estate and one of the best assets of our time.
Image: Shutterstock
Trending Now:
Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.
