PANews reported on May 16 that according to CoinDesk, Eric Trump, son of former US President Trump, called Bitcoin "digital gold" at the Consensus 2025 conference, revealing his entry into the crypto field due to political factors. He stated that when political attacks on the Trump family affected the crypto community, it prompted the establishment of an alliance. American Bitcoin, co-founded by Eric, plans to go public through a merger with Gryphon Digital Mining.
Eric Trump pointed out the poor liquidity of real estate and expressed appreciation for Bitcoin's liquidity. Hut 8's CEO revealed that the merger is to quickly list American Bitcoin, with the company name intentionally including the keywords "American" and "Bitcoin". Eric Trump currently serves as the chief strategy officer of the mining enterprise, and this project is a result of collaboration with Hut 8.
