Eric Trump on Tuesday described Bitcoin as a “modern-day gold,” calling it a 
liquid store of value that can act as a hedge to real estate and other assets. 
Related Reading: XRP’s Biggest Rally Yet? Analyst Projects $20+ In October 
2025 According to reports, the remark came during a TV appearance on CNBC’s 
Squawk Box, tied to the launch of American Bitcoin, the mining and treasury 
firm he helped start. Company Holdings And Strategy Based on public filings 
and company summaries, American Bitcoin 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. The firm mixes large-scale mining with the goal 
of holding Bitcoin as a strategic reserve, which it says will help it grow 
both production and asset holdings over time. Eric Trump’s 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. The tone was strong at times, and the line about Bitcoin being a 
modern equivalent of gold was used to frame American Bitcoin’s role as both 
miner and holder. Eric Trump has said: bitcoin is modern-day gold — 
unusual_whales (@unusual_whales) September 16, 2025 How The Company Went 
Public 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. 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. Market watchers say the firm’s 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. 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. Related Reading: Ethereum Bulls Target $8,500 
With Big Money Backing The Move – Details Reaction And Possible Risks 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. 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. Eric 
Trump’s remark that Bitcoin has taken gold’s role in today’s world reflects 
both his belief in its value and American Bitcoin’s strategy of mining and 
holding. Whether that view sticks will depend on how investors and 
institutions respond in the months ahead. Featured image from Meta, chart from 
TradingView

Bitcoin Has Taken Gold’s Role In Today’s World, Eric Trump Says

The reported $683-million investment from Nvidia into Nscale came amid a push 
by the UK government to develop the country’s AI infrastructure.

Nvidia partners with UK crypto miner’s arm as part of AI push: Report

Powell said the Federal Open Market Committee is weighing interest rates on a 
meeting-by-meeting basis, with no long-term consensus.

Fed Chair Powell says FOMC is divided on additional rate cuts in 2025

CME will list options on Solana and XRP futures for the first time, extending 
regulated crypto derivatives beyond Bitcoin and Ether amid growing US market 
demand.

CME Group to launch options on Solana, XRP futures in October

According to blockchain parsing data from btcparser.com, a pack of long-silent 
wallets have been stirring back to life over the past 48 hours. Several 
Bitcoin Time Capsules Opened Over the Last 48 Hours On Tuesday, one slumbering 
bitcoin address finally stretched its legs, sending out 99 BTC—the first 
activity since Jan. 23, 2014—breaking a silence […]

Cryptocurrency price in KRW