Eric Trump boasted in his keynote speech that his father would be the most encrypted president in history. Bitcoin MENA Conference in the United Arab Emirates on Tuesday.
“We're going to have the most secretive president in American history,” Eric Trump told the audience.
He echoed the president-elect's words on the campaign trail, vowing that the United States would lead a “digital revolution.”
The younger Trump argued that cryptocurrencies could be used as a means of financing for millions of people without assets who have been “failed by the modern world.”
“The traditional banking system is outdated,” he says.
“Think of a president who will not allow Bitcoin and cryptocurrencies to be overregulated and suppressed,” he later added.
Eric Trump said cryptocurrencies were a lifeline for the Trump family after the January 6, 2021, Capitol breach. Many major banks and other companies cut ties with Trump With his allies under attack.
“If it hadn't been for that attack, I don't think my eyes would have been as open to the crypto industry,” he told the crowd.
The president-elect helped launch the Trump family's cryptocurrency market venture, World Liberty Financial, in September. Public trading of the token on the platform began in October. that reportedly It grossed about $2.7 million in its first two weeks, far short of its $300 million goal.
According to the US, the US currently ranks third in the world in cryptocurrency investment, ahead of China and India. Insider Monkeya hedge fund data tracker.
In his speech, Eric noted that Bitcoin's value soared to $100,000 per token after President Trump nominated crypto enthusiast Paul Atkins as his SEC nominee.
