PANews reported on May 16, citing CoinDesk, that Eric Trump, son of U.S. President Trump, referred to Bitcoin as 'digital gold' at the Consensus 2025 conference, revealing that he entered the crypto space due to political factors. He stated that when political attacks against the Trump family affected the crypto community, it prompted both parties to form an alliance. The Bitcoin mining company American Bitcoin, co-founded by Eric, plans to go public through a merger with Gryphon Digital Mining.
Eric Trump pointed out the limitations of poor liquidity in real estate and expressed recognition of Bitcoin's easy liquidity. The CEO of Hut 8 revealed that the merger is aimed at quickly achieving a listing for American Bitcoin, with the company's name intentionally including the keywords 'America' and 'Bitcoin'. Eric Trump currently serves as the Chief Strategy Officer of the mining company, and this project is a result of collaboration with Hut 8.
