Eric Trump, executive vice president of the Trump Organization and son of U.S. President-elect Donald Trump, delivered a rousing speech at the Bitcoin MENA 2024 conference in Abu Dhabi on Dec. 9. Trump confidently predicted that Bitcoin would surpass $1 million per coin, calling it the cornerstone of a financial revolution.
Eric celebrated Bitcoin as a “global asset,” emphasizing its unique ability to hedge against inflation, political instability, and even natural disasters. He credited Bitcoin’s decentralized nature and scarcity as the foundation of its strength, contrasting it with the inefficiencies of traditional finance. “Bitcoin eliminates the need for tens of thousands of bankers pushing paperwork for exorbitant fees,” he said, adding that the cryptocurrency’s limited supply of 21 million coins ensures its value will only grow as adoption increases.
In his remarks, Eric described his father as the most pro-crypto president in history. He accused the outgoing Biden administration of waging “war” on the cryptocurrency industry through aggressive regulatory actions, pointing to the Securities and Exchange Commission’s lawsuits and the fallout from FTX’s collapse. Eric declared that, under his father’s leadership, the United States would protect digital assets from overregulation and lead the world in blockchain innovation. “America is going to lead the way in the digital revolution,” he proclaimed, drawing cheers from an audience wearing “Make Bitcoin Great Again” caps.
Eric credited his father’s support for reviving the cryptocurrency sector and claimed Donald Trump’s leadership added $1 trillion to Bitcoin’s value. He highlighted Bitcoin’s recent milestone of surpassing $100,000, stating that he immediately informed his father of the achievement. He also pointed out that those who embrace Bitcoin now, including governments and institutions, would emerge as the biggest winners of the digital revolution.
Drawing parallels to the slow adoption of email, Eric said that disruptive technologies take time to gain widespread acceptance but ultimately redefine industries. He argued that blockchain technology is already proving to be faster, cheaper, and more transparent than traditional financial systems, making it the backbone of the future economy. Eric promised that the Trump family would remain the “greatest cheerleaders and champions” of cryptocurrencies as they continue to reshape the global financial landscape.
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