Overview
- Speaking at Yahoo Finance’s Invest event and in weekend interviews, he called Bitcoin “the greatest asset of our time” and said “this is a great time to buy.”
- Bitcoin has fallen from an October record above $126,000 to the mid‑$80,000s, a decline he framed as a buying opportunity.
- American Bitcoin (ABTC), co-founded by Eric and Donald Trump Jr., reported $3.5 million in Q3 net profit and holds an approximately $4 billion market valuation after its September public debut.
- Trump said ABTC’s West Texas operations mine at roughly 50% of spot prices and claimed one facility produces more than 2% of global output, figures not independently verified in the reports.
- Democratic Senators Elizabeth Warren and Jack Reed have requested a federal investigation into Trump-linked World Liberty Financial, raising questions about conflicts of interest and transparency.