Bitcoin To Eclipse Gold, Eric Trump Says—Calling BTC The ‘Greatest Asset’ Ever

Source Newsbtc

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.

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

Eric argued that Bitcoin – which he called the “greatest asset” ever – moves value faster and cheaper across borders than metal that must be hauled and locked away.

He called Bitcoin “digital gold,” and pushed the idea that its code-based supply gives it an advantage over physical bullion.

Based on reports, he also framed crypto as a hedge against inflation, corruption, and weak monetary policy — reasons he said explain rising adoption around the globe.

American Bitcoin’s Rapid Rise

Eric and his brother Donald Trump Jr. co-founded American Bitcoin (ABTC), which went public in September and now carries a market valuation approaching $4 billion.

The firm has expanded quickly after merging with Gryphon Digital Mining. According to Bitcoin Treasuries, ABTC is the 25th-largest public company holder of Bitcoin in the US.

Company officials say their West Texas mines benefit from low energy costs, allowing them to produce Bitcoin at roughly half of the current spot price.

Company Growth And Risks

Growth has been fast, but analysts and critics warn of clear risks. Mining firms gain when prices rise, and they can suffer when prices fall. Some worry that a combined ABTC-Gryphon business faces larger swings in earnings and asset values because crypto markets remain volatile.

There are also concerns about mixing political ties with finance; World Liberty Financial, a Trump family-affiliated project, manages a WLFI governance token and a USD1 stablecoin, and some observers have flagged transparency questions.

A Long Record Versus A Young Network

Gold has centuries of use as a store of value and broad global acceptance. Bitcoin has existed since 2009 and shows rapid price moves that can create big winners and big losers.

Historical data points to sharp shifts: during the 2017 rally, the Bitcoin-to-gold ratio hit record highs before it fell back when prices corrected. That history is often used to remind investors that gains can be followed by steep pullbacks.

The correlation between the two has shifted over time, with each asset responding to different market pressures.

What Analysts And Critics Warn

Conflict of interest is one common critique: executives who publicly praise Bitcoin can also benefit directly when their companies hold or mine more coins.

Forecasts that put a single Bitcoin at $1 million are seen by many as speculative rather than certain. Regulatory changes, tax rules, and policy moves in the US or abroad could change market conditions quickly, and those possibilities are stressed by cautious commentators.

Eric Trump’s stance is clear: he believes capital will shift from gold to Bitcoin over time. Markets will decide if that prediction proves true. For now, both assets remain part of the conversation, each with different risks, costs, and histories that investors must weigh.

Featured image from Alamy, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Price Annual Forecast: BTC readies for home run in 2024 with two bullish fundamentals on tapBitcoin prices could return to 2021 highs around $69,000 in 2024 on expectations of the next bull cycle.
Author  FXStreet
Dec 22, 2023
Bitcoin prices could return to 2021 highs around $69,000 in 2024 on expectations of the next bull cycle.
placeholder
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Author  FXStreet
Jul 01, 2024
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
placeholder
The dollar weakened, equities dipped, and gold hit record highsThe dollar weakened, equities fell, and gold set new records on Wednesday as investors waited for a Fed rate cut later in the day.
Author  Cryptopolitan
Sep 17, 2025
The dollar weakened, equities fell, and gold set new records on Wednesday as investors waited for a Fed rate cut later in the day.
placeholder
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Author  Mitrade
Dec 26, 2025
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
placeholder
Gold Price Forecast: XAU/USD opens lower around $4,450 on fears of widening Iran conflictsGold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally.
Author  FXStreet
Mar 30, Mon
Gold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally.
goTop
quote