Bitcoin Becoming a Geopolitical Asset, Claims Eric Trump
At the Consensus 2025 conference in Toronto, Eric Trump painted a picture of global Bitcoin frenzy, claiming that the appetite for the digital asset now stretches from ultra-wealthy families to sovereign wealth funds.
“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.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
