Eric Trump, the son of US President Donald Trump, has once again shared his insights and opinions about cryptocurrency changing the face of America. In his latest interview, Eric Trump asserted that the world wants the US dollar to trade with; no other alternative can top that. He later shared how cryptocurrency is set to play a vital role in shaping the next wave of the global US dollar demand.
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The World Wants USD: No Euro, Pound, or Asian Currency
In his latest interview with Yahoo Finance, Eric Trump spoke his mind about Bitcoin, touting it as the best asset class that the world should keep an eye on. He shared how Bitcoin is the greatest hedge against inflation, an asset that may take over the world soon.
“Well, it’s the greatest hedge against hard assets. I really believe that with every aspect of my heart and soul, right? I mean, it’s immediately liquid, it’s global, and it’s transferable. You can transfer 24 hours a day, seven days a week, instantaneously, with hardly any fees. You can’t do that with hotels. Can’t do that with real estate. So I think it’s the greatest hedge against what I do every single day, which is kind of the hard asset world. I think it’s also a great hedge against inflation. It’s a great hedge against corruption. It’s a great hedge against poorly managed monetary systems around the world. And I think that’s why you see this global influx to Bitcoin. I think it’s become probably the greatest asset of our time. You see roughly 70% appreciation on average year over year over the last decade.”
He later shared how Bitcoin may ultimately end the weaponization of banks rampant in the sector.
“And I think cryptocurrency is going to be the future of finance. I think blockchain solves a lot of the weaponization of the banking industry that’s affected so many, not only in this country but around the world. And so I’m deeply passionate about it. American Bitcoin is going to do it better than anyone.”
Crypto Helping Dollars: The New Era
The panel later consisted of a question where Eric Trump was asked how he thinks crypto may end up shaping the world of traditional finance. Trump, in response to this question, stated how crypto has the power to onboard trillions into the US markets, asserting that no country wants any other currency besides the US dollar. He later shared how stablecoin deployment is one of the sure-shot ways to ensure the USD’s global dominance and longevity.
“Well, first of all, I think it’s going to onboard trillions of dollars into the U.S., right? That’s happening every single day. No country wants their own home currency other than, obviously, the U.S. dollar. No one wants a euro, no one wants a pound, and no one wants any of the Asian currencies. Guess what they want? That you want the U.S. dollar. And so you have stablecoins every day that are bringing trillions and trillions of dollars every year, that are bringing trillions of dollars onto American shores. You’re going to see more and more of that happening. Second of all, the speed of finance is going to go up. There’s not going to be waiting 36 hours, 48 hours over the course of a weekend to be able to send out a wire transfer.”
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