Eric Trump Claims Global Demand for Bitcoin is Rising Rapidly

Eric Trump discussed the increasing global demand for Bitcoin at the Consensus 2025 conference. He noted that major players, including sovereign wealth funds and large corporations, are actively seeking to acquire Bitcoin.

Global Bitcoin Hunt

Trump stated that there is a widespread effort to hoard Bitcoin.
Major players are now competing aggressively for Bitcoin.

Major Mining Merger

On May 12, American Bitcoin, co-founded by Eric Trump, announced its merger with Gryphon Digital Mining in an all-stock exchange deal. The new entity plans to list on Nasdaq in Q3 2025, allowing regulated market access to mining profits.

Shares Jump After Deal

Gryphon's stock surged over 200% following the merger announcement.
The merger aims to enhance resources and hash power ahead of the Bitcoin halving in 2024.

Political Pushback Grows

A group of House Democrats expressed concerns over ethics during a digital assets hearing and walked out.
Senate Democrats urged President Trump to divest from cryptocurrency holdings due to potential conflicts of interest.
Crypto holdings constitute about 40% of the Trump family's estimated worth of $3 billion.