Trump Backs Bitcoin As New Safe Haven

On CNBC, Eric Trump stated that Bitcoin has “taken the role of gold in today’s world”, propelling crypto to the rank of a strategic safe haven asset. This media appearance coincides with the launch of American Bitcoin, a mining and BTC holding company he is close to. Far from a mere announcement, this statement fits into a dynamic where publicly traded companies are beginning to integrate bitcoin at the heart of their reserve strategy.

Bitcoin is modern gold : the statement of a committed player

During his appearance on the Squawk Box show on CNBC, Eric Trump surprised everyone by bluntly declaring that “bitcoin is modern gold”, while the asset has just recorded a spectacular comeback .

This statement comes as he supports the launch of American Bitcoin, a company positioned both on mining and the building of strategic BTC reserves.

According to him, Bitcoin is now a “easily mobilizable store of value“, that is, a safe haven asset capable of playing the role historically held by gold, with the added advantage of being instantly transferable anywhere.

Here are the factual elements and key statements around this speech :

• Eric Trump positions BTC as a safe haven asset on par with physical gold ;

• He describes bitcoin as “a liquid store of value”, suited to new economic and financial challenges ;

• He claims institutions now adopt bitcoin as a serious asset, no longer just a marginal innovation ;

• The statement fits within a promotion dynamic of American Bitcoin’s business model, where holding BTC is central to the strategy ;

• Finally, he warns companies that delay integrating blockchain into their operational model, highlighting a strategic turning point in the digital economy.

This stance fits within a context where bitcoin is increasingly seen as a credible alternative to traditional assets, particularly in a world marked by inflation, geopolitical tensions, and loss of confidence in certain sovereign currencies.

American Bitcoin : reserve strategy and governance challenges

Beyond rhetoric, the facts reveal a very real ambition. Indeed, American Bitcoin already holds 2,443 BTC on its balance sheet, according to published documents. This stock represents several hundred million dollars, given the current asset price.

The company was born following a share exchange merger with Gryphon Digital Mining, and has since debuted on Nasdaq under the stock symbol ABTC. This setup allows the new entity to benefit from increased visibility, while keeping operational control in the hands of the original shareholders.

Hut 8, a strategic partner in the mining sector, holds a significant share of the capital, while the Trump family and other investors remain minorities. This capital structure reinforces the idea of a crypto project with assumed industrial ambitions.

However, this mining followed by long-term holding strategy, now common among some sector players, also raises questions. Holding a large amount of BTC in treasury exposes the company to market volatility, which can compromise its financial stability in the event of a sudden downturn.

Moreover, the direct involvement of a political figure as media-visible as Eric Trump raises questions about governance and public perception. Some analysts question the risks of conflicts of interest or decisions influenced by considerations external to the company’s economic objectives.

Conversely, others see this as a strong signal of the rise of an American bitcoin industry capable of competing with Asian sector giants.

Eric Trump’s statement and the launch of American Bitcoin represent a paradigm shift. Bitcoin is now the business of political figures, publicly traded companies, and institutional investors. This evolution triggers as many hopes as questions about the direction the ecosystem will take in the coming years, between massive adoption, enhanced regulation like the Genius Act vote, and resource concentration.