According to remarks made at Yahoo Finance’s Invest event, Eric Trump told attendees he expects a major shift in how money flows between traditional stores of value and newer digital assets.
He said Bitcoin’s fixed supply of 21 million coins and growing institutional buying are key drivers. In a separate interview with Fox Business in late September, he forecasted a long-term price target of $1 million per Bitcoin, a prediction that underscores how bullish his view is.
He called Bitcoin “digital gold,” and pushed the idea that its code-based supply gives it an advantage over physical bullion.
Based on reports, he also framed crypto as a hedge against inflation, corruption, and weak monetary policy — reasons he said explain rising adoption around the globe.
“The ratio will disproportionately shift to Bitcoin.”
Company officials say their West Texas mines benefit from low energy costs, allowing them to produce Bitcoin at roughly half of the current spot price.
Growth has been fast, but analysts and critics warn of clear risks. Mining firms gain when prices rise, and they can suffer when prices fall. Some worry that a combined ABTC-Gryphon business faces larger swings in earnings and asset values because crypto markets remain volatile.
Gold has centuries of use as a store of value and broad global acceptance. Bitcoin has existed since 2009 and shows rapid price moves that can create big winners and big losers.
Historical data points to sharp shifts: during the 2017 rally, the Bitcoin-to-gold ratio hit record highs before it fell back when prices corrected. That history is often used to remind investors that gains can be followed by steep pullbacks.
Conflict of interest is one common critique: executives who publicly praise Bitcoin can also benefit directly when their companies hold or mine more coins.
Forecasts that put a single Bitcoin at $1 million are seen by many as speculative rather than certain. Regulatory changes, tax rules, and policy moves in the US or abroad could change market conditions quickly, and those possibilities are stressed by cautious commentators.
Featured image from Alamy, chart from TradingView
