Eric Trump, co-founder and chief strategy officer at American Bitcoin Corp. (NASDAQ: ABTC), praised cryptocurrency as the “greatest hedge” to real estate, calling it a rapidly growing industry unlike any other. During an interview with Fox Business, Trump emphasized that he hasn’t seen a more dynamic and faster-growing industry than cryptocurrency. American Bitcoin, a subsidiary of Hut 8 Corp. (NASDAQ: HUT), made its stock market debut last week, resulting in a stake worth billions for the Trump family. Eric Trump and his brother own nearly 20% of the shares, potentially valuing their stake at over $1.50 billion. The company is focused on acquiring chips and accumulating Bitcoin in a “race to accumulate the most Bitcoin.”BTC was trading at $112,925.54 at the time of writing, up 0.81% in the last 24 hours. American Bitcoin shares were up 0.60% in pre-market trading after closing 12.70% higher at $8.340 during Monday’s regular trading session, with the stock up over 20% since its debut last week.

Read more at Yahoo Finance: Eric Trump Touts Crypto As ‘Greatest Hedge To Real Estate’ As His Bitcoin Mining Company Makes An Impressive Wall Street Debut