“Everyone is hoarding Bitcoin,” he said during a panel alongside Hut 8 CEO Asher Genoot, pointing to what he described as a full-scale global accumulation race.

Trump, co-founder of American Bitcoin—a Hut 8 subsidiary—outlined what he sees as two simultaneous battles in the Bitcoin ecosystem: one for ownership, led by major investors like Michael Saylor, and another on the infrastructure side through mining. His company recently announced a merger with Gryphon Digital Mining in a stock-based deal that aims to secure a Nasdaq listing.

The remarks add fuel to the ongoing debate over the Trump family’s growing presence in the crypto space, which now ranges from NFTs and memecoins to mining and stablecoin initiatives. These activities have sparked sharp criticism from Democratic lawmakers, who argue the family’s ventures create potential conflicts of interest.

Several have pushed for investigations, proposed regulatory barriers, and even boycotted digital asset hearings in protest of what they claim is insufficient scrutiny of presidential entanglements.

One such conflict recently led Senate Democrats to pull support from a bipartisan stablecoin bill, citing unresolved concerns about the Trump family’s financial interests in the sector. Despite the legislative gridlock, another vote could take place later this month.

While political reactions remain divided, Eric Trump’s comments suggest that Bitcoin, for better or worse, is no longer just a tech-driven experiment—it’s a geopolitical asset in high demand.

The post Bitcoin Becoming a Geopolitical Asset, Claims Eric Trump appeared first on Coindoo.

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Filed under: Bitcoin - @ May 16, 2025 5:00 am