Eric Trump Believes Crypto Will Quickly Outpace Traditional Financial Systems

Eric Trump, the executive vice president of the Trump Organization, believes that under his father’s leadership, the United States could emerge as the “crypto capital of the world.” His bold vision aligns with the growing global trend toward cryptocurrency adoption, a movement that he and his father have supported for years. During a recent Bitcoin (BTC) conference in Abu Dhabi, Eric Trump spoke with CNBC about his enthusiasm for crypto and the digital future.

The Global Push for Crypto Adoption

Eric Trump shared his thoughts on the increasing global push toward cryptocurrency, pointing to Abu Dhabi as a key example. “I think he realizes that every country in the world is embracing it. Look at where we are right now in Abu Dhabi. They’re putting billions of dollars into crypto and into digital technologies, and if we don’t do it as America, we’re going to be left behind,” he said. According to Trump, his father, President-elect Donald Trump, has made it clear that he wants America to lead the charge in this space. “He wants to make America the crypto capital of the world. He’s been very, very clear with that, and I applaud that,” Eric Trump continued.

Trump also highlighted the current inefficiencies within traditional financial systems, which he believes cryptocurrency can address. He cited the slow and cumbersome process of securing a home loan in the U.S., which often takes up to 90 days. “There is nothing on blockchain that can’t be done better, faster, substantially cheaper… the banking system that we have around the world, the modern banking system, is antiquated,” Trump argued. He believes that crypto’s potential to enhance speed and reduce costs will eventually propel it to outpace traditional financial services. “It’s just a matter of time before crypto not only catches up but really leaps ahead,” he added.