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Eric Trump predicted banks will embrace Bitcoin within a year citing banking system flaws.
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American Bitcoin reserves climbed to 6049 BTC worth about 425M after recent buys.
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Hut 8 mines 8 to 10 BTC daily highlighting Bitcoin’s fixed 21 million supply limit.
Eric Trump said every major bank will adopt Bitcoin and crypto, as Trump-backed American Bitcoin’s reserves climbed above 6,000 BTC. He made the remarks while criticizing the U.S. banking system as outdated, slow, and costly. The comments came as Bitcoin moved back above $70,000, even as some traders feared a deeper price dip.
However, Trump tied his crypto interest to what he described as being “debanked and deplatformed.” He said Capital One sent letters notifying him that 300 accounts were removed overnight. He added that without those closures, he would not have entered the crypto space. Trump also said he expects widespread adoption within a year.
Eric Trump Links Crypto Push to Account Closures
Trump described the banking system as “absolutely antiquated” and said it “doesn’t work.” He also said it costs too much and moves too slowly. Notably, he argued that crypto provides a better direction for the future.
He also said he believes every bank and consumer will join the industry soon. Trump added that he felt honored to be part of crypto’s growth. He also said he was glad his father was “leading the way,” saying otherwise another country would benefit.
American Bitcoin Reserves Rise After Fresh Buying
Meanwhile, Arkham Intelligence reported that American Bitcoin now holds 6,049 BTC. The company added 196 BTC over the past 18 days. As a result, its holdings reached an estimated value of $425.82 million.
The update placed American Bitcoin among the top 20 largest public Bitcoin holders globally. It now sits in the same group as Nakamoto Inc., Anthony Pompliano’s ProCap, and GameStop. However, the company built its holdings through both mining activity and direct purchases.
Hut 8 CEO Details Mining Output and Supply Limits
American Bitcoin also highlighted mining expansion through Hut 8 Corp. In a company update, Hut 8 CEO Asher Genoot said the operation mines around 8 to 10 Bitcoin daily. He also pointed to Bitcoin’s fixed supply structure.
Genoot noted that only 21 million Bitcoin will ever exist. This supply limit remains central to Bitcoin’s long-term design. Meanwhile, American Bitcoin’s recent accumulation followed Bitcoin’s move back above the $70,000 level.
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