Eric Trump is increasingly strengthening his role in the digital asset field with plans to attend a shareholder meeting in Tokyo, making public predictions about bitcoin prices and new business projects that expand the Trump family's cryptocurrency activities into Asia.
Bloomberg reported on Friday that Trump will attend the shareholder meeting of Metaplanet, a Japanese company, on September 1, according to the strategy of Michael Saylor, formerly of MicroStrategy, citing sources close to the matter. Trump was appointed as a strategic advisor in March. His visit to Tokyo appears to be happening after attending the Asia Bitcoin Conference in Hong Kong on August 28-29.
A day earlier, Trump had appeared at the Blockchain symposium in Wyoming, where he described himself as "a Bitcoin enthusiast" and stated that he now spends more than half of his time on cryptocurrency projects. He predicted that Bitcoin would reach $175,000 by the end of 2025 and would ultimately surpass the $1 million mark. He argued that Bitcoin and Blockchain could address the shortcomings in traditional finance, such as slow payment and settlement processes.
The Financial Times reported on August 15 that American Bitcoin — a mining and fund management company co-founded by Eric Trump and his brother Donald Trump Jr. — is exploring the acquisition of listed companies in Japan and Hong Kong to use as a vehicle for storing bitcoin, according to a strategy pioneered by MicroStrategy's Michael Saylor. The company is preparing to list in the U.S. through a reverse merger with Gryphon Digital Mining, a Nasdaq-listed company. Eric Trump is a co-founder and chief strategist.
American Bitcoin was established in May after reorganizing American Data Centers, an entity linked to Trump that took over the mining rigs from Canadian operator Hut 8. The company stated that it aims to become the world's most efficient bitcoin accumulation platform, combining active treasury management with the production of new coins.
The Trump family's cryptocurrency ambitions are not limited to Eric Trump. Trump Media & Technology Group, the parent company of Truth Social, has raised over $2 billion in Q2 to create a Bitcoin investment fund. President Donald Trump revealed in June that he has $57 million in income from World Liberty Financial, a cryptocurrency startup founded last September.
These moves indicate that Eric Trump and his family are gradually getting involved with cryptocurrency at a time when Japan and Hong Kong are competing to attract digital asset companies.
The FSA will approve the first stablecoin pegged to the yen this fall. Meanwhile, Hong Kong has issued the Stablecoin Ordinance, a legal framework requiring stablecoin issuers pegged to fiat currency to obtain a license from the Hong Kong Monetary Authority (HKMA).
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Eric Trump Makes Prediction About Bitcoin Price As He Is Reported To Be Preparing To Visit Metaplanet
Eric Trump is increasingly strengthening his role in the digital asset field with plans to attend a shareholder meeting in Tokyo, making public predictions about bitcoin prices and new business projects that expand the Trump family's cryptocurrency activities into Asia. Bloomberg reported on Friday that Trump will attend the shareholder meeting of Metaplanet, a Japanese company, on September 1, according to the strategy of Michael Saylor, formerly of MicroStrategy, citing sources close to the matter. Trump was appointed as a strategic advisor in March. His visit to Tokyo appears to be happening after attending the Asia Bitcoin Conference in Hong Kong on August 28-29. A day earlier, Trump had appeared at the Blockchain symposium in Wyoming, where he described himself as "a Bitcoin enthusiast" and stated that he now spends more than half of his time on cryptocurrency projects. He predicted that Bitcoin would reach $175,000 by the end of 2025 and would ultimately surpass the $1 million mark. He argued that Bitcoin and Blockchain could address the shortcomings in traditional finance, such as slow payment and settlement processes. The Financial Times reported on August 15 that American Bitcoin — a mining and fund management company co-founded by Eric Trump and his brother Donald Trump Jr. — is exploring the acquisition of listed companies in Japan and Hong Kong to use as a vehicle for storing bitcoin, according to a strategy pioneered by MicroStrategy's Michael Saylor. The company is preparing to list in the U.S. through a reverse merger with Gryphon Digital Mining, a Nasdaq-listed company. Eric Trump is a co-founder and chief strategist. American Bitcoin was established in May after reorganizing American Data Centers, an entity linked to Trump that took over the mining rigs from Canadian operator Hut 8. The company stated that it aims to become the world's most efficient bitcoin accumulation platform, combining active treasury management with the production of new coins. The Trump family's cryptocurrency ambitions are not limited to Eric Trump. Trump Media & Technology Group, the parent company of Truth Social, has raised over $2 billion in Q2 to create a Bitcoin investment fund. President Donald Trump revealed in June that he has $57 million in income from World Liberty Financial, a cryptocurrency startup founded last September. These moves indicate that Eric Trump and his family are gradually getting involved with cryptocurrency at a time when Japan and Hong Kong are competing to attract digital asset companies. The FSA will approve the first stablecoin pegged to the yen this fall. Meanwhile, Hong Kong has issued the Stablecoin Ordinance, a legal framework requiring stablecoin issuers pegged to fiat currency to obtain a license from the Hong Kong Monetary Authority (HKMA).