Speaking to an auditorium full in consensus 2025, Eric Trump said the quiet part aloud: “Everyone in the world is trying to accumulate Bitcoin at this time. Everyone. I listen to it from sovereign wealth funds. I hear it from the richest families. I hear it from the largest companies. I mean that the adoption is incredible.”
The son of the president of the United States, Donald Trump, used the stage to explain why his newly formed mining company, American Bitcoin, is being taken to public markets through a reverse fusion with Gryphon digital mining. Trump, who works as the company’s strategy director, calls Bitcoin “Digital Gold” and a higher value store compared to the properties of the ilequid trophy that built family fortune.
Bitcoin is a ‘race to the top’
I really believe in digital gold, which is Bitcoin, “Trump told Bitcoin’s portability with the illiquidity of trophy real estate that built family fortune.” I sold a hotel a couple of years ago. He took me a year and a half to make that hotel literally because the reports of titles, the deposits, the lenders and the managers had to align “,” He said The crowd. “So, suddenly, you have this digital asset that you don’t need to see, you don’t need to drive. It’s global, it’s instantaneous. I can drink a glass of wine with my wife on Saturday night and transfer value at the same time. That is modern finances.”
Trump also explained the fomo he is currently experiencing: “And so on, every day, I tell them that the people who were a bit firm against them, the people who did not understand it, the people who were closed, the people who are a kind of rhino for traditional finances are coming massively. And I think the peak type in Bitcoin will be significant and, therefore, it really is a kind of race for a kind of race. The upper part at the top.
The speed of speed also dominated Trump’s fusion. “The speed at the reverse fusion, and the speed at which we are going to reach the market, will be quite incomparable for any public company,” he said, describing an internal 24 -hour chat with the executives of the CEO of Hut 8, Asher Genot and Gryphon, which “literally come and go all day, every day, on Saturday, Sunday.” Minutes later, he distilled the justification of the brand: “American Bitcoin, for me, it’s all … it has to have the American word and you have to have the word bitcoin.”
Market data suggests that investors are gratifying that urgency. When Hut 8 and Gryphon announced their stock agreement by stock on May 12, Gryphon’s shares shot more than 200% in the market prior to the market and Hut 8 won 12%. The combined company will keep the American name of Bitcoin, ready in Nasdaq under the ABTC ticket and is scheduled to close in the third quarter, with HUT 8 retain the majority control.
Trump’s statement that the sovereign funds of wealth are now active accumulators of Bitcoins as large public companies increase their own treasure strategies. Every day new Bitcoin Treasury companies are announced. In addition, sovereign wealth funds are being loaded in Bitcoin. Just yesterday, Mubadala, the Sovereign Fund of Richness of Abu Dhabi, revealed to possess 8,726,972 Blackrock’s Spot BTC ETF (ibit) shares in a 13F presentation, valued at $ 408.5 million.
For Trump, the Macro panorama is divided into two competitions: a career of accumulation, in which players such as the strategy bulk purchase currencies and a mining race, which Americans Bitcoin intend And we can do it in the United States using the energy of less cost anywhere in the world, we are in something really good, “he said.
The political subtext was never far away. Trump accredited the “political weapon” against the family to push him towards cryptographic allies and argued that a liquid and censorship active is an antidote in the obstacles faced by hard assets. However, he maintained the promotional tone, not partisan. “I don’t think it’s more excited about a project.”
At the time of publication, BTC quoted at $ 103,889.
Outstanding image created with Dall.E, Record of TrainingView.com
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