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Eric Trump, speaking at the Consensus 2025 conference in Toronto on May 15, painted a picture of a world scrambling for Bitcoin. He said he hears the same thing everywhere he goes—on planes, in boardrooms, even from big state funds.
His comments came as he joined Hut 8 CEO Asher Genoot on a panel about where Bitcoin is headed next.
Global Bitcoin Hunt
According to Eric Trump, “Everybody in the world is trying to hoard Bitcoin right now.” He added that sovereign wealth funds and the wealthiest families are all in on the rush. He even mentioned hearing the buzz from some of the world’s largest companies.
His point: Bitcoin isn’t just a niche play anymore. It has moved into heavy‑duty territory where major players compete for every last coin.
Major Mining Merger
Based on reports, American Bitcoin—a unit co‑founded by Eric Trump and his brother and owned by Hut 8—struck a deal on May 12 to merge with Gryphon Digital Mining.
The structure is an all‑stock exchange, meaning shareholders of both firms will wake up next year with shares in the same new company.
The partners say that this combined group will list on Nasdaq in Q3 2025, opening the doors for regulated markets to tap into mining profits without holding Bitcoin directly.
Shares Jump After Deal
Investors reacted fast. Gryphon’s stock jumped over 200% after news of the merger hit, and Hut 8 also saw gains. That kind of move tells you how hungry Wall Street is for anything tied to the next Bitcoin halving cycle.
Mining companies tend to gear up for halving‑driven scarcity. By merging, these two hope to share resources, boost hash power, and raise their profiles before the reward cut in 2024 pushes prices up.
Political Pushback Grows
Not everyone is on board. A group of House Democrats walked out of a digital assets hearing earlier this month, upset that questions about ethics slipped by. On May 13, Senate Democrats sent a letter urging US President Donald Trump to unload all cryptocurrency stakes, including stablecoins tied to hard assets.
They’re worried about conflicts of interest if the White House can tweak rules that affect family ventures. One watchdog group, State Democracy Defenders Action, says crypto holdings make up about 40% of the Trump family’s worth, which is close to $3 billion.
Featured image from Unsplash, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
