- Eric Trump at Bitcoin2025 says “everybody wants Bitcoin,” citing massive global adoption.
- Royalty, governments, & institutions like GameStop, Truth Social are allocating to Bitcoin.
- Growing BTC demand & scarcity (low OTC holdings) impact price; Spot ETFs a key driver.
Bitcoin is experiencing massive global adoption, which is directly impacting its price. That’s according to Eric Trump, speaking at the Bitcoin2025 conference, said everybody wants Bitcoin and is doing all they can to own a part of the digital asset.
He noted how royal families, governments, and institutions are making allocations to buy Bitcoin. According to the US President’s son, the demand for Bitcoin skyrocketed in the past 12 months, clearly reflected in the cryptocurrency’s price.
Institutions Like GameStop, Truth Social Making Big Bitcoin Allocations
In his speech, the pro-Bitcoin personality cited major institutions like GameStop and Truth Social as examples of companies that have allocated billions of dollars to purchase Bitcoin.
Eric Trump emphasized that even a fraction of a Bitcoin could soon be worth a fortune. Because of this, he stated, investors aren’t necessarily aiming to buy whole cryptocurrencies but are instead investing whatever amounts they can to participate in what he termed the “ongoing wealth revolution.”
Related: Institutional Bitcoin Adoption Surge: Michigan Pension Fund Invests $6.6M in BTC ETFs
Bitcoin Scarcity Grows as Demand Surges; OTC Holdings at Record Lows
Bitcoin’s growing demand is also evident in the increasing scarcity now being experienced within the cryptocurrency ecosystem. As Trump observed, OTCs have the least amount of Bitcoin ever in their holdings. He noted how the volume of Bitcoins held by such platforms continues to decline while the price skyrockets.
Related: Eric Trump’s Crypto Push: “Accumulate Bitcoin” and “Replace SWIFT”
Bitcoin reached $112,000 on May 22, achieving a new all-time high after surging over 50% in less than two months. The increasing rate of institutional adoption triggered by the launch of Bitcoin Spot ETFs in 2024 has contributed to Bitcoin’s growing demand and popularity. Governments like Burkina Faso, which did not show interest in Bitcoin in 2017, are experiencing explosive growth in search interest amid increasing geopolitical complications.
Bitcoin’s Decentralization Attracts Users
Perhaps the absence of centralized control is one of Bitcoin’s fundamental qualities that has attracted many users. Also, its potential to grow significantly cannot be overemphasized, with most BTC holders planning to keep the cryptocurrency for long periods.
Bitcoin traded for $107,934 at the time of writing, according to data from TradingView.
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