Institutions Fuel Bitcoin's Price as US Seeks Crypto Supremacy

American Bitcoin Corp. co-founder Eric Trump believes that 'the tides have turned' in favor of Bitcoin, stating that institutions are now driving its price rather than retail investors.

In an interview with Gav Blaxberg, the CEO of financial media company WOLF Financial, Trump noted that this shift is attributed to the increasing adoption of AI and a more crypto-friendly policy environment.

Trump also stated that he had built his own Bitcoin position by buying in at the high-$50,000s to low-$60,000s and remains bullish on the asset. He emphasized the importance of the U.S. being 'number one' in both crypto and AI technologies.