Eric Trump at the Consensus 2025 event in Dallas presented the plans of his new company American Bitcoin, founded in March 2025. The company's target strategy focuses on efficient Bitcoin production and competitive pricing.
Bitcoin Production Plan
American Bitcoin intends to focus on producing Bitcoin rather than buying it from markets, aiming to reduce operational costs to the $37,000 to $38,000 range. Eric Trump emphasized that the company aims to be the lowest-cost Bitcoin producer on the market.
Comparison with MicroStrategy
Trump also hopes to accumulate more Bitcoin than MicroStrategy, which holds 568,000 Bitcoins under CEO Michael Saylor over six years. However, the exact holdings of American Bitcoin remain undisclosed, and reports indicate that the parent company Hut 8 owns less than 11,000 Bitcoins. Surpassing competitors would require approximately $60 billion.
Cryptocurrencies in the Future of Payment Systems
Eric Trump predicts that cryptocurrencies may replace existing payment systems, such as SWIFT. These forecasts have raised hopes that digital currencies could play a significant role in the future of finance. However, American Bitcoin, despite its ambitions, faces potential financial and regulatory challenges.
The competition in Bitcoin mining is intensifying, associated with increased corporate investments and strategic market repositioning. How American Bitcoin adapts to competitive pressures will be a key factor in monitoring future financial transformations.
