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Home » Eric Trump Claims ‘Everyone Is Hoarding Bitcoin’
Bitcoin

Eric Trump Claims ‘Everyone Is Hoarding Bitcoin’

Alice MonroeBy Alice MonroeMay 17, 2025No Comments3 Mins Read
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Bitcoin News Eric Trump Claims Everyone Is Hoarding Bitcoin
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Eric Trump, co-founder of American Bitcoin, created a splash at Consensus 2025 by stating that, “Everyone is hoarding Bitcoin now.”This was during his keynote presentation in Toronto, sparking controversy in cryptocurrency and political communities. Trump’s statement is a dramatic shift from the prevailing narrative of trading to accumulation as institutions attempt to buy Bitcoin as a hedge.

For him, two races now define the future of Bitcoin: accumulation and mining. MicroStrategy controls the former, holding more than 568,000 BTC. Trump, however, tries to capture the latter with forceful mining tactics using American Bitcoin.

Thanks to a merger with Gryphon Digital Mining, Trump’s business will produce Bitcoin at $37,000—40% below industry norms. This cost-cutting model could revolutionise institutions’ practice of mining efficiency and long-term stocks.

Eric Trump Spearheads Mining Cost Revolution

Eric Trump’s mining plans are not just on paper. With American Bitcoin trading on NASDAQ (symbol: ABTC), the company has more access to capital markets. Its acquisition of Gryphon Digital sent Gryphon shares soaring by 285%. That’s the strength of investor sentiment.

The company’s plan is to reach a 50 EH/s hash rate. Backed by next-gen ASICs and cheap energy, it makes American Bitcoin the cost leader. To put it into perspective, industry leaders like Marathon and Riot mine at more than $43,000 per BTC. Trump’s goal: create a margin advantage and reinvest earnings to become even bigger.

Institutional action confirms his assertion. Exchange BTC reserves have declined 16% this year. Illiquid supply is 76% of circulating coins. Spot ETFs headed by BlackRock now attract $320 million per day. Bitcoin isn’t being purchased it’s being stored.

Political and Market Controversy

Eric Trump’s crypto initiative hasn’t gone unnoticed. Ethics organisations are questioning his dual roles as businessman and son of the president. His 18% ownership in American Bitcoin, with 10:1 voting powers, is a red flag. Senate Democrats meanwhile are holding stablecoin legislation hostage on concerns of Trump-tied conflicts.

Despite that, political winds are at his side. President Trump’s agenda—tax-free Bitcoin transactions and resistance to CBDC is driving the company’s momentum. Some refer to it as self-dealing. Others refer to it as a pro-growth, pro-Bitcoin strategy.

Geopolitics fuels it. El Salvador and the BRICS nations are contemplating adding Bitcoin. Even the U.S. Treasury is quietly contemplating substitutes for dollar reserves. Against this backdrop, Trump’s “Made in USA” mining proposal gathers speed.

In this game of high risk, Trump’s destination is MicroStrategy. MicroStrategy owns $59 billion worth of BTC. But with a cost basis of $38,500 per coin, Trump thinks he can outmine, out-hold, and outlast.

Bitcoin Eric Trump MicroStrategy NASDAQ
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Alice Monroe
Alice Monroe

Alice Monroe is an Associate Writer at Crypto Junction, covering crypto trends, token marketing, and emerging blockchain projects with a focus on real market insights.

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