Eric Trump says the world is rushing to hoard Bitcoin right now
The post Eric Trump says the world is rushing to hoard Bitcoin right now appeared on BitcoinEthereumNews.com. Eric Trump, son of US President Donald Trump, declared that a global rush to accumulate Bitcoin is underway. At the Consensus 2025 conference in Toronto on May 15, he emphasized the widespread interest in Bitcoin, stating, “Everybody in the world is trying to hoard Bitcoin right now.” “I’m traveling. I’m on a plane. Everybody in the world is trying to hoard Bitcoin right now. Everybody. I hear it from sovereign wealth funds. I hear it from the wealthiest families. I hear from the biggest companies.” The comments came from a panel featuring Trump and Asher Genoot, CEO of Bitcoin mining company Hut 8. His more immediate future outlook is in the form of two races he sees currently taking place in the Bitcoin space: the race to buy Bitcoin and mine. Trump’s Bitcoin venture joins Gryphon in pre-listing deal Eric Trump is not only talking about Bitcoin; he’s building a business empire around it. His company, American Bitcoin, entered a deal to merge with Gryphon Digital Mining on May 12. The deal, structured as an all-stock exchange offer, will merge two powerful mining companies into a combined entity that the two companies said will be publicly listed on the Nasdaq later this year. American Bitcoin is a unit of Hut 8, one of North America’s largest cryptocurrency mining companies. The merged company will become one of the biggest Bitcoin miners in the United States. Trump, who co-launched American Bitcoin alongside his brother, is bullish on the space. They aim to make American Bitcoin a conduit for people and institutions to invest in Bitcoin, largely through the US-regulated stock markets. After the news, Gryphon shares rose over 200%, while Hut 8 shares also went up. Analysts observe that this is a smart play leading up to the next Bitcoin halving cycle…
The post Eric Trump says the world is rushing to hoard Bitcoin right now appeared on BitcoinEthereumNews.com.
Eric Trump, son of US President Donald Trump, declared that a global rush to accumulate Bitcoin is underway. At the Consensus 2025 conference in Toronto on May 15, he emphasized the widespread interest in Bitcoin, stating, “Everybody in the world is trying to hoard Bitcoin right now.” “I’m traveling. I’m on a plane. Everybody in the world is trying to hoard Bitcoin right now. Everybody. I hear it from sovereign wealth funds. I hear it from the wealthiest families. I hear from the biggest companies.” The comments came from a panel featuring Trump and Asher Genoot, CEO of Bitcoin mining company Hut 8. His more immediate future outlook is in the form of two races he sees currently taking place in the Bitcoin space: the race to buy Bitcoin and mine. Trump’s Bitcoin venture joins Gryphon in pre-listing deal Eric Trump is not only talking about Bitcoin; he’s building a business empire around it. His company, American Bitcoin, entered a deal to merge with Gryphon Digital Mining on May 12. The deal, structured as an all-stock exchange offer, will merge two powerful mining companies into a combined entity that the two companies said will be publicly listed on the Nasdaq later this year. American Bitcoin is a unit of Hut 8, one of North America’s largest cryptocurrency mining companies. The merged company will become one of the biggest Bitcoin miners in the United States. Trump, who co-launched American Bitcoin alongside his brother, is bullish on the space. They aim to make American Bitcoin a conduit for people and institutions to invest in Bitcoin, largely through the US-regulated stock markets. After the news, Gryphon shares rose over 200%, while Hut 8 shares also went up. Analysts observe that this is a smart play leading up to the next Bitcoin halving cycle…
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