In Toronto, during consensus 2025, Eric Trump revealed that a real world rush towards the accumulation of Bitcoin is underway. This statement arises while the Trump family is more involved in the crypto industry, aroused the concern of the Democratic camp which denounces potential conflicts of interest and demands the opening of an official investigation.
In short
- Eric Trump says that “everyone is currently trying to accumulate bitcoins”, from sovereign funds to large fortunes.
- President Trump's son is co -founder of American Bitcoin, recently merged with Gryphon Digital Mining.
- This involvement of the Trump family in the Crypto sector is the subject of strong criticism from the Democrats.
A global race for Bitcoin accumulation
It was on May 15, during the prestigious Consensus 2025 event in Toronto, that Eric Trump made this remarkable statement. Sharing the scene with Asher Genoot, CEO of the Bitcoin Hut 8 mining company, the son of the American president underlined the widespread enthusiasm for the first crypto.
I'm traveling. I'm on a plane. Everyone is trying to accumulate bitcoins right now. Everyone. I hear it from sovereign funds. I hear it from the richest families. I hear it from the largest companies.
Eric Trump identified what he considers “two races in Bitcoin”: the race for accumulation – currently led according to him by Michael Saylor, founder of Microstrategy – and the race for mining, a sector in which he personally involved.
This vision testifies to a Accelerated institutional adoptionphenomenon that has intensified since the election of Donald Trump, perceived as favorable to the crypto industry.
The Crypto Empire of the Trump arouses controversy
The third child of the American president is not a simple market observer. Co -founder of American Bitcoin, a subsidiary of Hut 8, he has just announced on May 12 the merger of his company with Gryphon Digital Mining, an operation which will lead to a quotation at NASDAQ.
This rapid expansion of the Crypto activities of the Trump family is not limited to mining, but also extends to the NFT, to the memes cryptocurrencies and even a Stablecoin project.
This growing involvement raises serious concerns in the Democratic camp. Repeated calls for surveys have been launched, and legislation aimed at limiting potential financial gains from the presidential family has even been proposed.
The Democrats of the Senate also withdrew their support for a Bipartisan bill on Stablecoins, invoking concerns about any conflicts of interest.
While large financial institutions are massively returning to Bitcoin, Eric Trump's words seem to confirm a substantive trend: recognition of bitcoin as a strategic value reserve. This new era dominated by companies may well redesign world monetary balances in the years to come.
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