In the shadowed corridors of modern finance, where the brooding specter of American Bitcoin looms large, whispers of low-cost mining and a BTC treasury swell with the fervor of a thousand feverish dreamers. Ah, but what is a treasury, if not a gilded cage for the soul of capitalism itself?
This week, on the hallowed stage of Bloomberg, the enigmatic figure of Eric Trump-yes, that Trump-joined Asher Genoot, the architect of Hut 8, to unveil a grand design: to mine Bitcoin in such abundance that the very earth would tremble. They spoke of 2,000 BTC already hoarded, as though these were golden apples from the tree of knowledge, or perhaps just another man’s retirement savings.
Mining At Scale And Cost Advantage
With the solemnity of a priest consecrating a relic, Eric Trump proclaimed that American Bitcoin’s rigs and partnerships grant them the power to mint Bitcoin at half the market’s feeble rate. “Unbelievable advantage,” he intoned, as if the phrase itself were a sacrament. One might chuckle at the audacity-or weep for the naivety of those who still believe in miracles.
“The floodgates are just starting to open,” he declared, a phrase that dripped with the hubris of Icarus clutching his waxen wings. For what are floodgates but the dam of human folly, poised to burst in a deluge of euphoria and despair?
ERIC TRUMP CALLS BITCOIN THE “GOLD STANDARD,” SAYS ADOPTION FLOODGATES ARE JUST OPENING
With the gravitas of a prophet in a land of skeptics, Eric Trump proclaimed Bitcoin the “gold standard” of our age, a digital talisman embraced by nations and tycoons alike. One wonders if he’ll still smile when the talisman cracks, or if he’s already plotting his next cryptocurrency: “TrumpCoin: The Redemption.”
– Crypto Town Hall (@Crypto_TownHall) September 4, 2025
Asher Genoot, that sly fox of enterprise, confirmed Hut 8’s role as both shareholder and alchemist, conjuring power from Texas wind farms. “Low costs,” he mused, as though economies of scale were the philosopher’s stone. Yet what is flexibility but the art of delaying the inevitable?
American Bitcoin, they claim, does not chase growth for its own sake. A noble lie! For when will they expand? When the stars align, the markets whimper, and the moon is ripe for the picking. How poetic that capitalism, in its infinite wisdom, now consults the sages of astrology.
Treasury Strategy And Institutional Pitch
Their treasury strategy, they say, is to buy Bitcoin at a discount and hold it like a miser clutching his coins. Eric Trump, ever the bard of excess, called it “the hot asset of our time,” citing Fortune 500s and sovereign wealth funds as if they were apostles of a new gospel. Texas and Wyoming, too, have joined the choir-states with the spiritual fervor of zealots and the fiscal sense of a drunken sailor.
And what of his price target? A number so lofty it could make a saint weep-or a skeptic laugh. For in the tempestuous tides of crypto, even prophets drown.
Their plan, as aired on Bloomberg, is a marriage of mining and accumulation, a dance of silicon and speculation. If their claims are true, margins will swell and markets will shiver. But then again, who are we to doubt the alchemists of the 21st century? After all, what is truth, when the floodgates are open and the party is just beginning? 🎉💣
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2025-09-05 20:47