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Eric Trump Embraces Bitcoin, Views It as "Digital Gold" and Plans to Lead Bitcoin Mining
Welcome to Mlion's news analysis. Today, we'll delve into Eric Trump's perspective on Bitcoin and his strategic positioning in the cryptocurrency sector.
Background
Eric Trump, the second son of former U.S. President Donald Trump, has been actively entering the cryptocurrency market in recent years. As a key member of the Trump family business, Eric has established a Bitcoin mining company called "American Bitcoin" and plans to go public on NASDAQ through an all-stock merger with Gryphon Digital Mining. This merger is expected to be completed in the third quarter of 2025, with the new company trading on NASDAQ under the ticker "ABTC" while retaining the existing management and board of directors.
Bitcoin, as a digital asset, has shown strong price performance recently. As of May 15, 2025, Bitcoin was trading steadily above $100,000, despite a slight 1.43% decrease from the previous trading day. Interest in Bitcoin continues to grow among governments, institutions, and individual investors worldwide. According to the latest data, over 8% of Bitcoin's total circulating supply is now held by governments and institutional investors.
In-depth Insights
The Trump Family's Crypto Strategy Signals Accelerated Institutional Capital Entry
Eric Trump's latest statement indicates that the Trump family is systematically entering the crypto market. This move will encourage more traditional financial capital to pay attention to and enter the crypto space. The Trump family's influence in American business and politics cannot be ignored, and their participation could bring a new wave of institutional investors to Bitcoin. The scale of the Trump family's crypto ventures has grown significantly over the past few years, diversifying from non-fungible token (NFT) collections and mining to meme coins and stablecoins, demonstrating their long-term optimism for this field.
It's worth noting that Eric Trump's description of Bitcoin as "digital gold" echoes the current financial market's recognition of Bitcoin as a store of value. Bitcoin is considered "digital gold" mainly because its supply is fixed, with a total network limit of 21 million coins. This scarcity, similar to gold, makes it a potential tool against inflation.
American Bitcoin's Listing Will Bring New Capital and Attention to the Bitcoin Mining Industry
Eric Trump-backed American Bitcoin's plan to go public on NASDAQ through a merger with Gryphon Digital Mining will bring more institutional capital and market attention to the Bitcoin mining industry. In the new era following Bitcoin's halving, the mining industry faces significant changes and opportunities. After the 2024 halving event, the block reward decreased from 6.25 Bitcoin to 3.125 Bitcoin, forcing miners to reassess their operational strategies, optimize efficiency, reduce energy costs, and upgrade equipment to maintain profitability.
In this context, American Bitcoin's listing will inject new capital and technological innovation into the entire mining industry. According to the latest industry reports, mining farms using advanced liquid cooling technology can extend equipment life by 40% and shorten the investment return cycle to 12-18 months. If American Bitcoin can introduce these advanced technologies, it will have an advantage in the fierce mining competition.
Strengthening the Concept of Bitcoin as Digital Gold Will Enhance Its Status as a Reserve Asset
Eric Trump's description of Bitcoin as "digital gold" is not just a metaphor but a precise positioning of its economic attributes. Bitcoin's fixed and predictable supply makes it an ideal tool against currency devaluation. Bitcoin has a fixed number of units available throughout its lifecycle, making ownership extremely valuable. As inflation concerns persist globally, Bitcoin's properties as an anti-inflation asset will become more prominent.
More importantly, as Bitcoin is increasingly accepted by governments and large institutions as a strategic reserve asset, its status will be further consolidated. According to the latest data, over 8% of Bitcoin's total circulating supply is now held by governments and institutional investors, an unprecedented trend of sovereign and institutional participation in decentralized assets, marking Bitcoin's becoming an important component of the global financial system.
Global Government and Institutional Accumulation of Bitcoin Indicates Market Maturation
Eric Trump's mention of "families, institutions, and governments worldwide increasing their accumulation of Bitcoin" is not an exaggeration. The most representative example is MicroStrategy, which held about 568,840 Bitcoins worth approximately $59 billion as of May 2025. Since the company began accumulating Bitcoin assets in 2020, its stock price has soared 1,500%, far outperforming the S&P 500 index over the same period.
The continued entry of institutional investors is an important support for Bitcoin's long-term price rise. Strong net spot buying demand has strongly confirmed the solid spot market confidence behind Bitcoin's recent breakthrough of the $100,000 psychological resistance level. Particularly, the recent trend of U.S. state governments considering including Bitcoin in their strategic reserves could be a continuing positive factor for Bitcoin.
Coexisting with Environmental Challenges: Bitcoin Mining Industry Development Needs to Consider Sustainability
Despite Eric Trump's enthusiasm for Bitcoin mining, the environmental challenges faced by the industry cannot be ignored. A recent Harvard University-led study suggests that Bitcoin mining in the United States has caused serious cross-state air pollution, affecting 1.9 million Americans. Although some energy experts question the methodology of this study, environmental issues are indeed challenges that the Bitcoin mining industry must face.
To address these challenges, more and more mining companies are starting to use renewable energy and more efficient mining equipment. Some countries and regions have begun to regulate Bitcoin mining, limiting its power consumption and carbon emissions. If American Bitcoin can take positive measures in environmental protection, it will help shape a more positive company image and potentially become an industry benchmark for sustainable development.
Data Comparison Analysis
Bitcoin Holder Type Holding Percentage (2023) Holding Percentage (2025) Growth Rate
Governments and Institutional Investors About 4.5% Over 8% About 77.8%
Individual Investors About 95.5% About 92% -3.7%
The above data clearly shows the significant growth in the share of institutional investors in the Bitcoin market, confirming the trend of increased accumulation of Bitcoin by global institutions mentioned by Eric Trump. The rapid growth in the proportion held by institutional investors also indicates that Bitcoin is gradually transitioning from a market dominated mainly by individual investors to a more institutionalized asset class.
Summary and Outlook
Eric Trump's view of Bitcoin as "digital gold" and active layout in the Bitcoin mining industry represents the recognition and entry of traditional business elites into the cryptocurrency field. The Trump family's participation not only brings more exposure to Bitcoin but may also encourage more institutional investors and government entities to consider including Bitcoin in their investment portfolios or reserve assets.
As the Bitcoin mining industry enters a new era after the 2024 halving, American Bitcoin's listing plan will bring new development opportunities to the entire industry. Although Bitcoin mining faces environmental challenges, technological innovation and the application of renewable energy are expected to drive the industry towards a more sustainable direction.
From a macro perspective, the continued accumulation of Bitcoin by global institutions and governments indicates that the market's recognition of Bitcoin as "digital gold" is increasing. With the entry of more institutional investors, Bitcoin prices are expected to continue to maintain strong momentum and may challenge higher price levels in the near future.
Thank you for reading Mlion's news analysis.
Disclaimer: The above content represents AI views, is for reference only, and does not constitute investment advice.