Eric Trump Says Bitcoin Could Hit $500,000, Stands By ABTC Strategy
According to interviews with Eric Trump and ABTC Executive Chairman Asher Genoot, American Bitcoin (ABTC) has structured its business around one clear aim: add more Bitcoin to its balance sheet. Related Reading: Bitcoin Trail Ends: $29M Seized After European Authorities Shut Down Cryptomixer The firm says it spends less on big management teams and more on mining and buying Bitcoin so each share holds more Bitcoin over time. That metric — Bitcoin per share — is tracked in the same way public companies track earnings per share, the executives said. American Bitcoin Tracks Bitcoin Per Share....
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What to Know: Trump-backed American Bitcoin ($ABTC) surged 11% after adding 1,414 $BTC ($163M) to its treasury, bringing total holdings to roughly 3,865 $BTC worth $446M. The company, backed by Donald Trump Jr. and Eric Trump, uses a novel Satoshis per Share (SPS) metric to show investors exactly how much $BTC backs each share. Among the best altcoins to watch in this rotation are Bitcoin Hyper ($HYPER), a Bitcoin Layer-2; PepeNode ($PEPENODE), a mine-to-earn meme project; and World Liberty Financial ($WLFI), the Trump-themed DeFi ecosystem. The Trump family has made another bold move in....
According to remarks made at Yahoo Finance’s Invest event, Eric Trump told attendees he expects a major shift in how money flows between traditional stores of value and newer digital assets. Related Reading: Kiyosaki Stands His Ground—No Selling, More Bitcoin Buys Ahead He said Bitcoin’s fixed supply of 21 million coins and growing institutional buying are key drivers. In a separate interview with Fox Business in late September, he forecasted a long-term price target of $1 million per Bitcoin, a prediction that underscores how bullish his view is. Bitcoin Seen As A Faster Mover Of Value....
American Bitcoin, a new cryptocurrency mining venture supported by Eric and Donald Trump Jr., made its debut on Nasdaq on Wednesday under the ticker symbol “ABTC.” This launch marks the Trump family’s second digital asset debut in less than a week, following World Liberty Financial’s WLFI token launch on crypto exchanges on Monday. American Bitcoin Shares Jump 90% In a press release, Eric Trump, co-founder and chief strategy officer of American Bitcoin, described the listing as a “historic milestone,” emphasizing the company’s mission to integrate Bitcoin....
Donald Trump’s second son, Eric Trump, said ‘it’s a great time to add $ETH’ as the token plunged over 20% yesterday. In response, $ETH rose from $2.3K to $2.7K as investors rushed in to buy the dip. Eric Trump pumping $ETH makes sense in the light of his ties to his father’s crypto venture World […]
At the Bitcoin Asia conference in Hong Kong, Eric Trump, the son of President Donald Trump, predicted that the market’s leading cryptocurrency, Bitcoin (BTC) could soar to $1 million within the next few years, which could represent a major 825% increase from current levels. Eric Trump Bullish On Bitcoin As reported by Reuters earlier on […]