Eric Trump: “American Bitcoin makes US financial giants tremble”

Eric Trump is at least as open to Bitcoin and crypto as his father. In contrast, he seems to have little regard for established US financial institutions: “They tried to lock us out of the system.”
In an interview with Bloomberg, the US President's second eldest son explained that major banks, including Capital One, JPMorgan and Bank of America, had repeatedly tried to restrict his access to financial services.
His support for the American Bitcoin Corporation is therefore both a business decision and a statement against alleged “de-banking” methods.
The Bitcoin Treasury firm he co-founded currently holds 2,443 BTC worth $286 million. Eric Trump himself owns 7.5 percent of ABTC shares. At a conference in Hong Kong, he said: “There's no question Bitcoin will reach $1 million.”
Following the Federal Reserve's first interest rate cut in 2025, the BTC price currently stands at $117,300, representing a moderate increase of 0.6 percent over the previous day. Compared to the previous week, the increase is three percent.
Previously, Eric Trump stated that easing monetary policy would have a positive impact on both the crypto market and Bitcoin Treasuries. His prediction for the fourth quarter: “Then perhaps you could see a surge.”
However, ABTC's share price remains unimpressed. At the time of writing, ABTC is trading at $7.70, down 13 percent from the previous week. The company is majority-owned by Hut 8 Mining.

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