{"id":129343,"date":"2025-05-15T22:20:14","date_gmt":"2025-05-15T22:20:14","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129343"},"modified":"2025-05-15T22:20:14","modified_gmt":"2025-05-15T22:20:14","slug":"the-world-is-trying-to-hoard-bitcoin-right-now-eric-trump","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129343","title":{"rendered":"&quot;The world is trying to hoard Bitcoin right now&quot; \u2014 Eric Trump"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThere is an ongoing race across the world for Bitcoin accumulation, according to Eric Trump, the second-eldest son of US President Donald Trump. Speaking at a crypto conference in Toronto on May 15, Trump said that from families to government funds, \u201ceverybody in the world is trying to hoard Bitcoin right now.\u201d<br \/>\nThe remarks came during a panel at Consensus 2025. Sharing the stage with Asher Genoot, the CEO of Bitcoin (BTC) mining company Hut 8, Trump said Bitcoin adoption has been incredible.<br \/>\n\u201cI&#8217;m traveling. I&#8217;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.\u201d<br \/>\nAsher Genoot and Eric Trump at Consensus 2025. Source: CointelegraphTrump described what he sees as \u201ctwo races in Bitcoin\u201d: the accumulation race \u2014 currently led by Michael Saylor, he says \u2014 and the mining race, which marks his own involvement in the crypto space.<br \/>\nPresident Trump&#8217;s third child is co-founder of American Bitcoin, a Hut8 subsidiary. On May 12, the companies announced American Bitcoin would merge with Gryphon Digital Mining in a stock-for-stock transaction that will result with a public listing on the Nasdaq.<br \/>\nRelated: Bitcoin bulls aim for new all-time highs by next week as capital inflows soar<br \/>\nTrump crypto ventures cause Democrats consternation<br \/>\nThe size of Trump&#8217;s family crypto ventures has grown considerably over several years from non-fungible token collections and mining to memecoins and a stablecoin. Critics say the ventures pose conflicts of interest and open the door to potential corruption.<br \/>\nAt various points, Democrats have called for investigations into Trump\u2019s crypto-related activities, proposed legislation aimed at limiting potential financial gains by the Trump family from memecoins, and walked out of a joint hearing on digital assets, citing concerns over the lack of discussion around the president\u2019s involvement in the crypto space.<br \/>\nSenate Democrats withdrew their support for a bipartisan stablecoin bill amid ongoing scrutiny of the president\u2019s crypto ventures, though a second voting session could come as soon as May 26.<br \/>\nMagazine: Trump\u2019s crypto ventures raise conflict of interest, insider trading question<a href=\"https:\/\/cointelegraph.com\/news\/everybody-in-the-world-is-trying-to-hoard-bitcoin-right-now-eric-trump?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThere is an ongoing race across the world for Bitcoin accumulation, according to Eric Trump, the second-eldest son of US President Donald Trump. Speaking at a crypto conference&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129343"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129343"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129343\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129343"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}