Bitcoin News Today: Eric Trump's Bitcoin Bet: A $22 Billion Secret and a $175K Future

Eric Trump, the executive vice president of the Trump Organization and a co-founder of American Bitcoin, reiterated his bullish stance on Bitcoin during a recent appearance at the SALT conference in Jackson Hole, Wyoming. He stated that Bitcoin, currently trading at approximately $115,244, is on track to reach $175,000 by the end of 2025, aligning with a prediction he previously made. His forecast is grounded in his belief that Bitcoin is uniquely positioned to address inefficiencies in the current financial system, offering faster transactions and more efficient payment settlements through blockchain technology. Eric Trump also described himself as a "bitcoin maxi," indicating a strong conviction in the long-term potential of the cryptocurrency.

The businessman, who now dedicates over 50% of his time to crypto projects, highlighted what he perceives as a broader shift in institutional and sovereign adoption of the asset. He suggested that a sovereign entity may have quietly accumulated a significant portion of Bitcoin—potentially up to 200,000 tokens, equivalent to roughly $22 billion at current prices—while emphasizing the growing interest among global leaders in incorporating Bitcoin into their financial portfolios. This sentiment is echoed by other prominent figures in the crypto space, including Coinbase CEO Brian Armstrong, who has also expressed confidence in Bitcoin’s long-term value proposition. Eric Trump’s comments align with a narrative that positions Bitcoin as an attractive alternative in a landscape marked by inflationary pressures and regulatory uncertainties.

American Bitcoin, the company co-founded by Eric Trump, is also drawing attention for its strategic moves in the market. The firm, which merged with the Trump family’s American Data Center in March, is preparing for a public listing on the Nasdaq via a merger with Gryphon Digital Mining. The Trump family and Hut 8, a major Bitcoin miner, hold significant stakes in the company, with the Trumps owning 20% of its shares. Hut 8 CEO Asher Genoot has outlined the company’s cost-efficient mining operations, with energy costs averaging around $37,000 per Bitcoin mined, significantly below the current market price. This cost advantage is expected to support American Bitcoin’s position as a competitive player in the mining sector as it pursues expansion and increased production.

The broader Bitcoin market continues to see robust inflows through exchange-traded funds (ETFs), with recent data showing that Bitcoin ETFs attracted $365.57 million in inflows on a single day, led by major players like ARK 21Shares and BlackRock. These inflows, while substantial, have yet to translate into a breakout above the $120,000 level, as Bitcoin remains constrained by a wall of short positions clustered near $117,800. Despite these challenges, institutional investors appear to remain confident, with BlackRock’s iShares Bitcoin Trust alone controlling over 3% of Bitcoin’s circulating supply. This institutional adoption is reshaping liquidity dynamics and influencing price action in ways that suggest a structural shift in how Bitcoin is traded and perceived.

Ethereum, meanwhile, has seen a surge in institutional interest through its ETFs, with some products outperforming their Bitcoin counterparts in recent months. In July, Ethereum ETF inflows exceeded those of Bitcoin for the first time, signaling a growing appetite for the second-largest cryptocurrency among institutional investors. BitMine, a major Ethereum treasury firm, has played a central role in this shift, holding over $6.6 billion in ETH and encouraging other institutions to capitalize on price dips. While Bitcoin continues to dominate the crypto market, Ethereum’s ETF performance suggests that it is gaining its own institutional narrative, potentially reshaping the competitive landscape and opening new investment opportunities for market participants.

Source: [1] There's No Question in the World Bitcoin Will Be Worth $1M (https://www.coindesk.com/policy/2025/08/20/there-s-no-question-in-the-world-bitcoin-will-be-worth-usd1m-eric-trump) [2] Bitcoin Bombshell: Eric Trump Hints At Secret $22 Billion ... (https://www.mitrade.com/insights/news/live-news/article-3-1058694-20250821) [3] Bitcoin ETF Inflows Hit $365M as BTC-USD Eyes $120K ... (https://www.tradingnews.com/news/bitcoin-etf-inflows-hit-365m-usd-as-btc-usd-eyes-120k-usd-breakout) [4] Ethereum Surpasses Bitcoin: ETF Boom Driven by ... (https://itbfx.com/news/ethereum-surpasses-bitcoin-etf-boom-driven-by-institutional-inflows) [5] Ethereum ETFs Overtook Bitcoin With Institutional Inflows (https://www.mitrade.com/insights/news/live-news/article-3-1048942-20250819)