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Cryptocurrency News Articles

Eric Trump Declares the World Is in the Midst of a Historic Bitcoin Accumulation Frenzy

May 16, 2025 at 12:24 pm

In a bold statement signaling the Trump administration’s intensifying embrace of cryptocurrency, Eric Trump declared that the world is in the midst of a historic Bitcoin accumulation frenzy.

Eric Trump Declares the World Is in the Midst of a Historic Bitcoin Accumulation Frenzy

In a bold statement signaling the Trump administration’s intensifying embrace of cryptocurrency, Eric Trump declared that the world is in the midst of a historic Bitcoin accumulation frenzy.

Speaking at a private investor forum in Miami, Trump outlined sweeping plans to expand America’s crypto footprint, calling Bitcoin a “strategic asset” and claiming, “everybody in the world is trying to hoard Bitcoin right now.”

The comments come as Bitcoin continues to trade above $100,000, driven by global demand, tightening supply, and increasing institutional adoption.

Trump’s remarks echoed a growing sentiment among crypto advocates: that digital assets, especially Bitcoin, are no longer fringe but foundational to future global finance.

Trump Family Doubles Down on Crypto

Eric Trump, executive vice president of the Trump Organization and a key surrogate for his father, President Donald Trump, laid out a three-part vision for U.S. dominance in the crypto space:

“Bitcoin is freedom,” Eric Trump declared. “The entire world is waking up to it—and America needs to lead, not lag.”

Global Hoarding and Institutional FOMO

Trump’s comments also referenced a growing “hoarding mentality” among governments, institutions, and individuals. From sovereign wealth funds in the Middle East to tech billionaires in Silicon Valley, accumulation of Bitcoin has accelerated in 2025.

This comes as recent data shows:

* China, Russia, and several Gulf nations have been rapidly adding BTC to their reserves.

* Tech giants like Apple and Microsoft have also made moves into crypto investments.

* A growing number of U.S. senators and representatives are now accepting Bitcoin for campaign contributions.

“Look at the charts,” Trump said. “Bitcoin is being taken off exchanges at a record pace. It’s supply and demand—this thing is only going higher.”

Political Overtones and 2024 Fallout

The push from Eric Trump follows his father’s post-election pivot to “economic populism 2.0,” a strategy centered on reindustrialization, domestic production, and now, crypto sovereignty.

While Donald Trump was historically skeptical of Bitcoin, recent months have shown a sharp change in tone.

Insiders say Eric Trump is one of the driving forces behind this new approach, aiming to win over young voters, tech investors, and financial independents wary of traditional banks and inflationary fiat policies.

What It Means for Bitcoin Investors

Eric Trump’s high-profile backing of Bitcoin could mark a turning point for U.S. policy on digital assets.

With a major political family now openly championing Bitcoin, several key takeaways emerge:

* Despite the recent price surge, Trump’s comments suggest there could be even more upside potential for Bitcoin as global institutions continue to pour into the space.

* The Trump administration has also been focused on reducing government spending and debt, which could be seen as a response to the concerns of younger voters who are interested in Bitcoin for its potential to provide an alternative to the traditional financial system.

* The Trump administration’s interest in Bitcoin could also be seen as part of a broader shift in thinking about cryptocurrency.

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Other articles published on May 16, 2025