Eric Trump, the son of President Donald Trump and founder of the Bitcoin (BTC) mining and treasury management company American Bitcoin (NASDAQ: ABTC), announced new plans that will help his company (and the U.S.) dominate the global cryptocurrency market.
Speaking in an interview with David Lin published on May 12, Trump said there are effectively “two races” in the industry. The first one is centered on accumulating the largest Bitcoin treasury, and the other on acquiring the asset at the lowest possible cost.
In regard to the first “race,” Trump mentioned Strategy’s Michael Saylor, saying he’s done an unbelievable job building his BTC holdings and acted as a visionary in the industry. Turning to the second “race,” however, Trump promised that American Bitcoin would claim the gold.
“Michael’s done unbelievably. What a visionary he’s been. And then there’s the race of who can acquire the most, the cheapest. And I can tell you, at American Bitcoi
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