Trump, co-founder of a Bitcoin mining firm, spoke on a panel at the Consensus crypto conference on May 15 in Toronto.
There is an ongoing race across the world for Bitcoin accumulation, according to Eric Trump, the second-eldest son of US President Donald Trump. Speaking at a crypto conference in Toronto on May 15, Trump said that from families to government funds, “everybody in the world is trying to hoard Bitcoin right now.”
The remarks came during a panel at Consensus 2025. Sharing the stage with Asher Genoot, the CEO of Bitcoin (BTC) mining company Hut 8, Trump said Bitcoin adoption has been incredible.
Trump described what he sees as “two races in Bitcoin”: the accumulation race — currently led by Michael Saylor, he says — and the mining race, which marks his own involvement in the crypto space.
