Eric Trump Declares: Bitcoin Has Completely Replaced Gold’s Role In The Modern Era

Bitcoin just dethroned gold—and Eric Trump's calling the shots.

The Digital Gold Standard

Move over bullion—Bitcoin's cutting through traditional safe-haven markets like a hot knife through butter. No vaults, no intermediaries, just pure digital scarcity that's rewriting the rules of wealth preservation.

Wall Street's Worst Nightmare

While bankers cling to their antique metal, Bitcoin bypasses the entire legacy system. It's borderless, censorship-resistant, and operates 24/7—everything gold pretends to be but never quite achieved. Guess those vaults full of shiny rocks are looking pretty heavy right now.

Finance traditionalists hate this one trick—but they'll keep collecting their 2% management fees while pretending not to notice the revolution happening right under their gold-plated noses.

Company Holdings And Strategy

Based on public filings and company summaries, American bitcoin has accumulated 2,443 BTC on its balance sheet. That stash has been valued in the low hundreds of millions of dollars at recent spot prices.

The firm mixes large-scale mining with the goal of holding Bitcoin as a strategic reserve, which it says will help it grow both production and asset holdings over time.

Eric Trump’s comments were direct. He told viewers that institutions are treating Bitcoin more like a store of value than a fringe idea, and he warned firms that resist blockchain adoption.

The tone was strong at times, and the line about Bitcoin being a modern equivalent of Gold was used to frame American Bitcoin’s role as both miner and holder.

Eric TRUMP has said: bitcoin is modern-day gold

— unusual_whales (@unusual_whales) September 16, 2025

How The Company Went Public

American Bitcoin moved toward a public listing via an all-stock merger with Gryphon Digital Mining earlier this year, a deal that kept most of the original shareholders in control and positioned the new entity for a Nasdaq debut.

Reports show that mining partner Hut 8 holds a large ownership stake, leaving the Trump family and other backers with a minority share. The listing brought fresh attention and capital to the firm as it began trading under the ticker ABTC.

Market watchers say the firm’s public debut highlights two trends: mining companies are trying to grow by both producing and holding Bitcoin, and political ties are bringing more headlines to crypto firms.

Some analysts point out that holding large amounts of Bitcoin on the balance sheet exposes a company to price swings, while supporters argue it aligns incentives between miners and investors.

Based on coverage of the launch, investors have reacted with both enthusiasm and caution. Supporters praise the prospect of a US-based miner that aims to be transparent and aggressive about building a reserve.

Critics point to governance questions, possible conflicts tied to high-profile backers, and the usual risks of a volatile asset being held on corporate balance sheets.

Eric Trump’s remark that Bitcoin has taken gold’s role in today’s world reflects both his belief in its value and American Bitcoin’s strategy of mining and holding.

Whether that view sticks will depend on how investors and institutions respond in the months ahead.

Featured image from Meta, chart from TradingView