On August 21, 2025, Eric Trump, co-founder and chief strategy officer of American Bitcoin Corp., made a bold claim during a speech at a crypto industry event, stating that “every sovereign wealth fund in the world” is now actively buying Bitcoin. His remarks, reported by sources like Bitcoinist and amplified by enthusiastic posts on X declaring “IT’S HAPPENING!!!,” suggest a massive global shift toward Bitcoin as a strategic reserve asset. This statement builds on his earlier comments about a global “race” for Bitcoin accumulation, reinforcing the narrative of widespread institutional and sovereign adoption.
With Bitcoin trading at approximately $113,846 as of August 21, 2025, Eric Trump’s claim points to a potential influx of billions, if not trillions, into the cryptocurrency market. Below, we explore the details of his statement, evidence of sovereign wealth fund activity, and the implications for Bitcoin and the broader crypto market.
Eric Trump’s Claim: Sovereign Wealth Funds and Bitcoin
In his speech, Eric Trump, speaking at a blockchain conference, elaborated on the global demand for Bitcoin, stating, “Everybody in the world is trying to hoard Bitcoin right now. Everybody. I hear it from sovereign wealth funds. I hear it from the wealthiest families. I hear it from the biggest companies. The adoption of it is incredible.” His key points include:
- Universal Sovereign Interest: Trump claimed that “every sovereign wealth fund” is now accumulating Bitcoin, suggesting a coordinated global effort to secure a stake in the cryptocurrency’s fixed 21-million-coin supply.
- Bitcoin as Digital Gold: He reiterated his view of Bitcoin as a superior store of value, contrasting its portability with the illiquidity of traditional assets like real estate, and emphasized its role in American Bitcoin Corp.’s strategy.
- Global Race: Building on his August 20 comments about a “race” for Bitcoin mining and buying, Trump framed sovereign wealth funds as key players in this competition, alongside corporations and family offices.
Trump’s remarks align with his role at American Bitcoin Corp., which is merging with Gryphon Digital Mining to become a publicly listed Bitcoin miner and treasury holder, aiming to capitalize on low-cost mining and institutional demand.
Evidence of Sovereign Wealth Fund Bitcoin Accumulation
While Eric Trump’s claim that “every sovereign wealth fund” is buying Bitcoin may be hyperbolic, there is substantial evidence of growing sovereign interest:
- Mubadala (Abu Dhabi): On May 15, 2025, the $300 billion Abu Dhabi sovereign wealth fund disclosed owning 8,726,972 shares of BlackRock’s iShares Bitcoin Trust (IBIT), valued at $408.5 million, confirming direct exposure to Bitcoin.
- Norway’s Sovereign Wealth Fund: The $1.7 trillion Norges Bank Investment Management, the world’s largest sovereign wealth fund, increased its indirect Bitcoin exposure by 192% in Q2 2025, holding 7,161 BTC worth nearly $400 million through investments in crypto-related companies like MicroStrategy.
- United Arab Emirates and Singapore: Both nations’ sovereign funds have invested in digital assets, including indirect Bitcoin exposure through firms like Coinbase and Marathon Digital, as reported by K33 Research.
- U.S. Sovereign Wealth Fund Speculation: President Donald Trump’s executive order on February 3, 2025, to create a U.S. sovereign wealth fund, led by pro-Bitcoin officials Howard Lutnick and Scott Bessent, has sparked speculation about potential Bitcoin allocations, though no direct purchases have been confirmed.
Other nations, like Saudi Arabia, have indirect Bitcoin exposure through crypto-related companies, but direct purchases remain limited, tempering the scope of Eric Trump’s claim.
Context: Global and Market Dynamics
Eric Trump’s statement comes amid a bullish crypto market:
- Sovereign and Institutional Adoption: Brazil’s August 20, 2025, hearing on a $19 billion Bitcoin reserve and El Salvador’s 5,921 BTC holdings highlight growing sovereign interest. Institutional moves, like the New York State Common Retirement Fund’s 143% Bitcoin exposure increase, add momentum.
- Regulatory Progress: The U.S. Digital Asset Market Clarity Act’s expected 2025 passage and the Federal Reserve’s framework for banks to offer crypto services reduce barriers.
- Corporate Treasuries: Companies like Goobit Group (10.63 BTC) and MicroStrategy ($10 billion in Bitcoin-driven net income) are expanding Bitcoin holdings.
- Market Conditions: Bitcoin’s price at $113,846 reflects an 80% year-to-date gain, supported by a post-2024 halving supply constraint (450 coins daily) and ETF inflows.
The FOMC minutes, released on August 20, 2025, indicated a dovish tilt, boosting expectations for a September rate cut, which could further propel risk assets like Bitcoin.
Implications for Investors
Eric Trump’s claim offers key insights for crypto investors:
- Bullish Catalyst: If sovereign wealth funds are indeed accumulating Bitcoin, as evidenced by Mubadala and Norway, it could drive significant demand, supporting forecasts like Brian Armstrong’s $1 million by 2030.
- Skepticism Required: The claim that “every” sovereign fund is buying Bitcoin lacks comprehensive evidence, as only a few have confirmed direct or indirect exposure. Investors should verify sovereign fund activities through 13F filings or official statements.
- Secure Strategies: Use regulated platforms like Coinbase, Kraken, or ETFs like BlackRock’s IBIT, and store assets in hardware wallets to mitigate risks.
- Monitor Global Trends: Track sovereign wealth fund investments and national reserve proposals, such as Brazil’s, for signs of broader adoption.
Final Thoughts: Is a Sovereign Bitcoin Rush Happening?
Eric Trump’s claim that “every sovereign wealth fund” is buying Bitcoin may be an exaggeration, but it reflects a tangible trend of growing sovereign and institutional interest, as seen with funds like Mubadala and Norway. His remarks amplify the narrative of a global “race” for Bitcoin, driven by its scarcity, regulatory progress, and macroeconomic appeal. As the crypto community celebrates with “IT’S HAPPENING!!!,” the market stands at a transformative juncture.
Investors should stay cautious, verifying claims against concrete data while capitalizing on the bullish momentum. Stay tuned for updates on sovereign wealth fund activities, Bitcoin price movements, and more crypto insights as this global shift unfolds.
Disclaimer: This article is for informational purposes only and not financial advice. Cryptocurrency investments carry risks.
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