Eric Trump: If We Didn’t Believe Bitcoin Would Go Parabolic, We Wouldn’t Be in This Business

Eric Trump says American Bitcoin (ABTC) built its entire model on the belief that Bitcoin will surge over the long term, and the firm wants to capture as much of that upside as possible

During an interview with investor Grant Cardone, Trump explained that ABTC set out to operate very differently from traditional mining firms

American Bitcoin’s Unique Approach

He said the company directs its resources toward collecting more Bitcoin instead of spending heavily on layers of management and unnecessary administrative costs. According to him, this separates ABTC from competitors because it keeps the company tied directly to the asset’s growth.

Meanwhile, ABTC Executive Chairman Asher Genoot provided more details on that structure. He explained that the team started the company with one question in mind: “What do investors actually want from a Bitcoin-focused business?”

He said many people buy mining or treasury companies because they expect a better return than simply holding Bitcoin. Since Bitcoin itself does not offer yield or any built-in way to increase holdings, Genoot said ABTC created a model that grows each shareholder’s Bitcoin per share over time

He noted that the company tracks this figure the same way other public companies track earnings per share, and he stressed that ABTC aims to raise that number every single day through mining and accumulation.

The ABTC Team Believes in Bitcoin

Trump then expanded on the company’s strategy and tied it directly to his long-term outlook for the asset. He said American Bitcoin adds new Bitcoin to its balance sheet every day at what he described as a steep discount compared to market prices

According to him, the company still plans to buy Bitcoin when conditions look favorable. However, he also stressed that ABTC would not operate in this sector unless its leaders believed Bitcoin would surge dramatically in the next five years

He stated plainly that the team has absolute confidence that Bitcoin will experience a major rally in the long term, and that this belief lies at the core of ABTC’s business model.

“We’re a big believer that Bitcoin is going to skyrocket. If we didn’t believe that Bitcoin over the next five years was going to absolutely fly and go parabolic, we shouldn’t be in this business.” Trump said, adding that they believe in BTC with all their heart.

Growing Global Demand

When Cardone asked what happens if he turns out wrong, Trump highlighted global demand as the reason behind his conviction.

He said he spends much of his time working in countries across multiple continents and consistently sees strong interest in Bitcoin from governments, family offices, major companies, and wealthy individuals

Trump argued that adoption grows even faster in regions facing unstable currencies, high inflation, or weak financial systems. He noted that many people prefer Bitcoin in those situations because they want an asset that governments and banks cannot easily control or confiscate.

Trump also highlighted how mainstream access to Bitcoin has surged. He called attention to major firms like Fidelity, Schwab, BlackRock, and major banks that now offer exposure, along with spot Bitcoin ETFs and retirement-account options.

According to him, these new channels make it easier for everyday investors to enter the market, which he believes pushes adoption at a pace that now exceeds the early growth rate of the internet.

Notably, Eric Trump has been one of Bitcoin’s most optimistic supporters, forecasting the asset to rise to higher prices. In late 2024, he said Bitcoin would reach $1 million, and he repeated that belief in 2025 at a conference in Hong Kong

During his latest conversation with Cardone, he predicted that Bitcoin could trade above $500,000 within the next four years, setting his timeline for November 2029.