Executive vice president of The Trump Organization, Eric Trump, thinks the United States will become the “crypto capital of the world” under the leadership of his father, Donald Trump. A Bitcoin held in Abu Dhabi $97,963.4 Trump, who attended the conference, shared his views on the future of cryptocurrencies with CNBC.
Long Interested in Crypto
In his latest statement, Eric Trump stated that his father Donald Trump has been a big fan of cryptocurrencies for a long time. Trump pointed out that cryptocurrencies are being adopted all over the world and said, “If we, as the United States, do not keep up with this, we will be left behind.”
Trump emphasized that there are inefficiencies in the current financial system and stated that American citizens often have to wait 90 days to secure a home loan.
Advantages of Blockchain Technology
Eric Trump stated that everything can be done better, faster and cheaper on blockchain.
“The world’s banking system is obsolete. Cryptocurrencies will not only catch up (to the dominance of the current financial system), but will also leave behind systems behind. Donald Trump wants to make America the crypto capital of the world. “He’s very clear about that, and I appreciate that.” –Eric Trump
Also at the conference, Eric Trump supported the view that cryptocurrencies will facilitate financial transactions and eliminate delays in the current system. It is stated that the steps America will take regarding cryptocurrencies will contribute to the country getting ahead in the digital economy.
In this period when the USA aims for leadership in the crypto field, Eric Trump and his family’s interest in cryptocurrencies comes to the fore.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
