According to comments made at Yahoo Finance’s Invest event, Eric Trump told attendees that he expects a major shift in the way money flows between traditional stores of value and newer digital assets.
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He said Bitcoin’s steady supply of 21 million coins and growing institutional buying are key drivers. In a separate interview with Fox Business in late September, he predicted a long-term price target of $1 million per Bitcoin, a prediction that underlines how optimistic his view is.
Bitcoin seen as a faster value changer
Erik argued that Bitcoin – which he called the “greatest asset” ever – moves value across borders faster and cheaper than metal that needs to be transported and locked up.
He called Bitcoin “digital gold” and emphasized the idea that its code-based offering gives it an advantage over physical bullion.
Based on reports, he has also framed crypto as a hedge against inflation, corruption and weak monetary policy – reasons he believes explain increasing adoption around the world.
JUST IN: 🇺🇸 Eric Trump Says a Gold-to-Bitcoin Rotation Is Imminent
“The ratio will shift disproportionately towards Bitcoin.”
“It’s the greatest asset we’ve ever seen.” pic.twitter.com/4TYY1qALlm
— Bitcoin Archive (@BitcoinArchive) November 14, 2025
The rapid rise of American Bitcoin
Eric and his brother Donald Trump Jr. were co-founders American Bitcoin (ABTC), which went public in September and now has a market value of almost $4 billion.
The company expanded rapidly after its merger with Gryphon Digital Mining. According to Bitcoin Treasuries, ABTC is the 25th largest publicly traded company holder of Bitcoin in the US.
Company officials say their mines in West Texas benefit from low energy costs, allowing them to produce Bitcoin at about half the current spot price.
Source: Bitcoin Treasuries
Business growth and risks
Growth has been rapid, but analysts and critics warn of clear risks. Mining companies win when prices rise, and can suffer when prices fall. Some worry that a combined ABTC-Gryphon company could experience greater swings in earnings and asset values as crypto markets remain volatile.
There are also concerns about the mixing of political ties with finance; World freedom financiala Trump family-affiliated project, operates a WLFI governance token and a USD1 stablecoin, and some observers have flagged questions about transparency.
A long record versus a young network
Gold has been used as a store of value for centuries and is widely accepted worldwide. Bitcoin has been around since 2009 and exhibits rapid price movements that can produce big winners and big losers.
Historical data points to sharp shifts: During the 2017 rally, the Bitcoin-to-gold ratio reached record highs before falling back as prices corrected. That history is often used to remind investors that gains can be followed by steep pullbacks.
The correlation between the two has shifted over time, with each asset responding to different market pressures.
Bitcoin and gold correlation. Source: Newhedge.
What analysts and critics warn about
Conflicts of interest are a common criticism: executives who publicly praise Bitcoin also stand to directly benefit if their companies hold or mine more coins.
Predictions that value a single Bitcoin at $1 million are seen by many as speculative rather than certain. Regulatory, tax, and policy changes in the U.S. or abroad could quickly alter market conditions, and those possibilities are being highlighted by cautious commentators.
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Eric Trump’s position is clear: he believes capital will shift gold to Bitcoin over time. The markets will decide whether this prediction comes true. For now, both assets remain part of the conversation, each with different risks, costs and history for investors to weigh.
Featured image from Alamy, chart from TradingView