"The world is trying to hoard Bitcoin right now" — Eric Trump
Eric Trump stated at a crypto conference in Toronto that there is a global race for Bitcoin accumulation, with families and government funds actively seeking to hoard Bitcoin. He highlighted the significant adoption of Bitcoin, noting that he hears this from sovereign wealth funds, wealthy families, and major companies. Trump identified two races in Bitcoin: the accumulation race, led by Michael Saylor, and the mining race, in which he is involved. His company, American Bitcoin, is merging with Gryphon Digital Mining for a public listing on Nasdaq. Trump's crypto ventures have expanded significantly, raising concerns among Democrats about potential conflicts of interest and corruption. Investigations into his activities have been proposed, and Senate Democrats have withdrawn support for a bipartisan stablecoin bill amid scrutiny of his ventures. A second voting session on the bill may occur on May 26.
