Eric Trump Says Only Matter of Time Before Crypto Leaps Ahead of ‘Antiquated’ Banking System

Eric Trump thinks the US will become the “crypto capital of the world” under his father’s leadership.

The younger Trump, who serves as executive vice president of the Trump Organization, attended a Bitcoin ( BTC ) conference in Abu Dhabi this week.

He tells CNBC that he and his father, President-elect Donald Trump, have been big fans of crypto “for a long time.”

“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 wants to make America the crypto capital of the world. He’s been very, very clear with that, and I applaud that.” 

Trump says there are existing inefficiencies in the financial system, noting, for example, that it often takes Americans 90 days to secure a home loan.

“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. It’s just a matter of time before crypto not only catches up but really leaps ahead.”  

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