Eric Trump, American Bitcoin Corp.’s co-founder and chief strategy officer, praised blockchain as the future of traditional finance. Eric Trump told CNBC that Bitcoin is "modern-day gold," citing its security, liquidity, and role as a global hedge with strong long-term returns. He emphasized accelerating institutional adoption, calling it a generational asset and said blockchain will make financial systems faster and cheaper. Eric Trump warned that traditional institutions risk a "slow and painful death" if they fail to adapt. The launch of American Bitcoin follows the Trump family’s experiences with debanking, which Eric said exposed vulnerabilities in traditional finance. Eric and Donald Trump Jr. together hold nearly 20% of ABTC shares, according to Reuters.
