Eric Trump said that Bitcoin “just the Floodgate is open” as American Bitcoin was launched on a strategy of massive mining and long-term accumulation.
This marked the public debut of American Bitcoin when he appeared in Bloomberg on Wednesday alongside Hat8 CEO Asher Genoot.
The new company combines large-scale mining operations with a financial strategy focused on accumulating Bitcoin at discounts. Eric said their mining infrastructure allows BTC to be produced at about half the market cost. It places what he described as an “incredible advantage” in the company.
Genoot emphasized that their strategy is different from traditional “growth at all costs” mining businesses. Instead, American Bitcoin expands mining only when profitable and raises capital for Bitcoin purchases when profitable.
BTC as a “hot assets of our time”
Looking at the broader market, Eric describes Bitcoin as “a hot asset of our time,” focusing on growing demand from Fortune 500 companies, sovereign wealth funds and even US states. Texas and Wyoming.
He added that adoption was just beginning, and said, “The flood is just open.”
🇺🇸Eric Trump: “The Bitcoin floodgates are just open.” pic.twitter.com/zcdsx0z6ek
– September 4th, 2025, Bitcoin Archive (@btc_archive)
He believes Bitcoin has established itself as a global store of value, surpassing traditional assets and attracting institutional and retail investors. In particular, Eric is one of the industry leaders looking at Bitcoin prices. It reached $1 million over the next few years.
From being “debanked” to becoming a cipher spokesman
Meanwhile, Trump also shared his personal motivation to get into the code. He said he looked at digital assets after suffering “stripping away” from traditional financial institutions. He described their actions as both unconstitutional and non-Americans.
Interestingly, what began as a response to the loss of access to the bank has become a broader vision. Today, Trump positions himself not only as a Bitcoin investor, but as an advocate for digital assets.
He expressed confidence that American Bitcoin, coupled with its long-term commitment to the industry, will help drive adoption globally.
Eric also pointed to a rapid rise in the world's Liberty Financials. USD1 stablecoinhas increased sharply 25 times since its release. He framed it as evidence of Crypto's potential to replace the old banking system.
He says he pushed him to accept digital assets by being debanked, and now sees Bitcoin and Stubcoin as tools that can promote global economic freedom.
