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Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead
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Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead

Bitcoin To Eclipse Gold, Eric Trump Says—Calling BTC The ‘Greatest Asset’ Ever

Christian Encila
Christian Encila
Last Updated: November 16, 2025 1:00 pm
3 mins read
Bitcoin

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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.

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Bitcoin

Bitcoin To Eclipse Gold, Eric Trump Says—Calling BTC The ‘Greatest Asset’ Ever

1 day ago

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.

Bitcoin Seen As A Faster Mover Of Value

Eric argued that Bitcoin – which he called the “greatest asset” ever – moves value faster and cheaper across borders than metal that must be hauled and locked away.

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.

JUST IN: 🇺🇸 Eric Trump says a gold-to-Bitcoin rotation is imminent

“The ratio will disproportionately shift to Bitcoin.”

“It’s been the single greatest asset we’ve ever seen.” pic.twitter.com/4TYY1qALlm

— Bitcoin Archive (@BitcoinArchive) November 14, 2025

American Bitcoin’s Rapid Rise

Eric and his brother Donald Trump Jr. co-founded American Bitcoin (ABTC), which went public in September and now carries a market valuation approaching $4 billion.

The firm has expanded quickly after merging with Gryphon Digital Mining. According to Bitcoin Treasuries, ABTC is the 25th-largest public company holder of Bitcoin in the US.

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.

Source: Bitcoin Treasuries

Company Growth And Risks

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.

There are also concerns about mixing political ties with finance; World Liberty Financial, a Trump family-affiliated project, manages a WLFI governance token and a USD1 stablecoin, and some observers have flagged transparency questions.

BTCUSD now trading at $95,674. Chart: TradingView

A Long Record Versus A Young Network

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.

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

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.

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Forget The Obituaries—Cardano Is Alive, Says Bitcoin Analyst

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Eric Trump’s stance is clear: he believes capital will shift from gold to Bitcoin over time. Markets will decide if that prediction proves true. For now, both assets remain part of the conversation, each with different risks, costs, and histories that investors must weigh.

Featured image from Alamy, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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