"The world is trying to accumulate Bitcoin right now"
Trump, co-founder of a Bitcoin mining company, spoke at a cryptocurrency seminar called Consensus on May 15 in Toronto.
According to Eric Trump, the second son of U.S. President Donald Trump, there is a race happening globally to accumulate Bitcoin. Speaking at a cryptocurrency conference in Toronto on May 15, Trump stated that from families to government funds, "everyone in the world is currently trying to accumulate Bitcoin".
The comments were made during a seminar at Consensus 2025. Sharing the stage with Asher Genoot, CEO of Bitcoin mining company Hut 8, Trump noted that the adoption of Bitcoin is remarkable.
"I am traveling. I am on a plane. Everyone in the world is trying to accumulate Bitcoin right now. Everyone. I hear that from national investment funds. I hear that from the wealthiest families. I hear that from the largest companies."
Trump described what he considers to be "two races in Bitcoin": the accumulation race - currently led by Michael Saylor, he said - and the mining race, marking his own participation in the cryptocurrency space.
The third son of President Trump is a co-founder of American Bitcoin, a subsidiary of Hut8. On May 12, the companies announced that American Bitcoin would merge with Gryphon Digital Mining in a stock-for-stock transaction, leading to a public listing on Nasdaq.
