Eric Trump says the world is rushing to hoard Bitcoin right now

By: cryptosheadlines|2025/05/16 10:15:06

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.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 dealEric 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 and follows a continuing surge in corporate interest in crypto mining.The deal is scheduled to close in the third quarter of 2025.Lawmakers slam Trump’s growing crypto venturesBut not everyone is cheering. The uncloaked investment of the Trumps in the crypto world has raised the government’s scrutiny — particularly among Democrats on Capitol Hill. Critics are concerned about conflicts of interest and potential political power over the digital asset market.A few Democrats have demanded that the family’s crypto bets be investigated. They include meme coins, such as $TRUMP and NFT collections, mining companies, and even stablecoin projects that are said to have the fingerprints of companies with ties to the Trump family.House Democrats stormed out of a bipartisan hearing on digital assets earlier this month, complaining that Republicans ignored allegations of possible ethics lapses by the President’s inner circle.A group of Senate Democrats issued a plea to President Trump on May 13, asking him to divest himself of all assets in cryptocurrency, even including a stablecoin project backed by hard assets. They maintained that such links involve leveraging his presidency for personal gain, potentially opening himself up to foreign influence, and operating in an industry he has immense power to deregulate.It marries Trump’s unscrupulous business tendencies with an industry that is notorious for fraud, scams, and a lack of transparency. It may also become the most lucrative business he’s ever been involved in.The group State Democracy Defenders Action estimated in a new report that the president’s crypto holdings now represent nearly 40% of his net worth — or approximately $2.9 billion.Lawmakers also forced the postponement of a bipartisan bill on stablecoins, with a second vote likely to be pushed for the case before the end of May.President Trump recently ordered the establishment of a US Strategic Bitcoin Reserve, an order that shocked the world of politics at home and abroad. Some welcomed it as forward-looking, but critics derided it as little more than a thinly veiled attempt to promote family investments.Even in the face of this pushback, the administration has still attempted to position itself as crypto-friendly. The family’s direct influence on the sector indicates that Bitcoin may also play a central role in future economic and political discussions.Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register NowSource link

This uproar in the crypto circle appears to be a cultural conflict between a traditional economist and a crypto OG, but looking deeper, it is merely the new fire leveraging Fu Peng's influence in the traditional financial sector to pry open a batch of client funds that were originally difficult to r...

Why Private Credit Became the First True Bridge from TradFi to DeFi

Unveiling the core logic of private credit leading RWA: it is no longer just simple tokenization, but rather a true reshaping of the practical value of asset on-chain through real returns and deep integration with the DeFi ecosystem.

Senior cryptocurrency investor: Blockchain is showing a siphoning effect on capital

Stablecoins are the first real-world assets on the blockchain, but they will not be the last. Every billion dollars in stablecoins generates $12.2 billion in economic activity and $19 million in protocol revenue annually; once capital is on the blockchain, it gains productivity and does not go back.

When traditional crypto derivatives start to subtract: Insights from Hyper Trade's products

Say goodbye to complex contracts, as crypto derivatives begin to "subtract": This article breaks down how Hyper Trade reduces hardcore risk pricing into "second-level multiple-choice questions," reshaping the trading experience for retail investors.

My view on blockchain has changed

In-depth Reflection on the Value of Blockchain Applications and the Time Dimension

Will AI Agents use bank cards? Why can't Agentic Payment avoid stablecoins and blockchain?

Why can't AI agents just swipe bank cards? An article to understand the new tiered payment system: stablecoins and blockchain are becoming the exclusive settlement language and verifiable trust foundation of the "machine economy" era.

ENI's RWA ambition: to create an enterprise-level BaaS platform that allows Web2 institutions to "go beyond just asset on-chain."

What are the differences between RWA 1.0 and RWA 2.0?

Morning Report | a16z releases global financial new stack report; Websea's withdrawal channel suspected of running away; Strategy purchased 3,273 bitcoins last week

Overview of Important Market Events on April 27

The most Crypto group of people is becoming the least Crypto

Hong Kong Carnival × Bangkok Money 20/20 Observation Notes

MSTR STRC In-depth Study: The BTC Financing Flywheel Behind the 11.5% Yield

STRC is a well-designed financing tool that transforms fixed income demand into buying pressure for Bitcoin.

a16z's key bet: Kalshi's weekly trading volume approaches $3 billion, transitioning from "prediction games" to financial infrastructure, the market begins to price "uncertainty."

The evolution of prediction markets: from niche products to "uncertainty pricing" infrastructure

Morning Report | Galaxy Digital announces Q1 2026 financial report; Liquid completes $18 million Series A financing; Polymarket plans to bring major exchanges to the U.S

Overview of Important Market Events on April 28

From a banned economist to the new CEO of Xinhua: Fu Peng has figured out the second half of traffic