Eric Trump claims banks are threatened by the hypothetical scenario of a $500 million Bitcoin transfer.

Eric Trump, co-founder and chief strategy officer of American Bitcoin ($ABTC), argued in a Nov. 13 Fox Business interview that Bitcoin's round-the-clock settlement and near-zero fees threaten large banks' business models, using a hypothetical $500 million transfer—not an actual transaction—to illustrate the point. He said BTC can be sent phone-to-phone even on a Sunday night at effectively no cost, bypassing bank operating hours. The remarks matter as a high-profile endorsement of Bitcoin's payments use case from a member of the Trump family's crypto venture, though the example was illustrative rather than on-chain evidence. Watch for whether $ABTC backs the rhetoric with disclosed BTC holdings or transfer activity, and for further commentary tying Bitcoin's fee market to traditional finance.