Bloomberg Businessweek Bitcoin Sinks Deeper Below $100,000 as Bear Market Grips Crypto
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Nov 13, 2025 Eric Trump, Co-founder and Chief Strategy Officer of American Bitcoin, shares insights on Bitcoin mining strategies and the shift to renewable energy sources in West Texas. He emphasizes the potential of mining as a hedge and his company's long-term growth plans. Elizabeth Renter, Senior Economist at NerdWallet, discusses the U.S. labor market's steady yet cooling nature and the persistent inflation pressures affecting policy decisions. Together, they navigate the complex intersections of cryptocurrency and economic trends.
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Mining Lowers Effective Bitcoin Cost
- Eric Trump says American Bitcoin mines Bitcoin at roughly 50% of spot, lowering production cost to about $56,000 per BTC.
- He argues mining increases bitcoin-per-share and gives the company a structural advantage over holders who must buy at spot prices.
Cheap Energy Is Core To Mining Edge
- American Bitcoin uses low-cost renewable and other energy sources, including contracts tied to defunct wind farms, to reduce mining expenses.
- Eric Trump presents this energy access as central to scaling mining while keeping production costs low.
Volatility Seen As Investment Opportunity
- Eric Trump highlights Bitcoin's long-run performance and volatility, saying drawdowns are normal but long-term returns have been exceptional.
- He treats volatility as an opportunity to harness rather than a disqualifier for Bitcoin investment.
