E
ric Trump, co‑founder and chief strategy officer of American Bitcoin Corp. (NASDAQ:ABTC), called cryptocurrency the “greatest hedge” against real‑estate risk and the fastest‑growing sector. In a Fox Business interview he said no industry matches crypto’s dynamism. “Crypto is one of the greatest assets of our time,” he added, noting that investors worldwide—from Fortune 500 firms to governments—are hoarding it.

    Trump explained that American Bitcoin will mine Bitcoin at the lowest cost globally using U.S. energy. “It’s an amazing company. We’re really excited about it,” he said. The firm’s debut last week lifted its shares 12.7% to $8.34, a 20% gain overall, and gave the Trump family a stake worth more than $1.5 billion—nearly 20% of the shares held by Eric and Donald Trump Jr., per Reuters.

    American Bitcoin is a subsidiary of Hut 8 Corp. (NASDAQ:HUT) and entered the market through a reverse merger with Nasdaq‑listed miner Gryphon Digital Mining. The structure lets American Bitcoin focus on chip procurement and Bitcoin acquisition while Hut 8 manages energy infrastructure. Trump said the next phase is a “race to accumulate the most Bitcoin.”

    At the time of writing, Bitcoin traded at $112,925.54, up 0.81% in 24 hours, and American Bitcoin shares were up 0.60% in pre‑market trading.