Eric Trump, co-founder of American Bitcoin and executive vice president of Trump’s organization, declared that Crypto was set to revolutionise finance, calling Bitcoin “digital gold,” predicting it could ultimately reach $1 million.
Talking about making money with Charles Payne, Trump argued that crypto and Bitcoin are not speculative, but are necessary evolutions in the traditional financial system.
“My inspiration came when everyone humiliated me,” Trump said. “Capital One stripped 300 bank accounts from (our property) in the middle of the night and sent me a letter because they hadn’t done anything wrong.”
Trump told Payne he met people in the crypto universe, recognising how wonderful they were and how successful “outdated modern finance” was.
Trump slowly and tediously painted traditional banking drawings, drawing how cryptography can speed up financial interactions.
“It took me 120 days to get a mortgage from a bank I’d deposited in the bank for 25 years,” he said. “Every week I would chase after Swiftwire and leave hotels. Bitcoin is the path of the future.”
Trump said Bitcoin is allowing hundreds of millions of immediate relocations.
Bitcoin vs. Gold
Eric Trump highlighted the limited supply of Bitcoin as a key differentiator for gold.
“When the price goes up, you find gold. If you use Bitcoin, you don’t have 21 million and one coin. There’s always 21 million,” Trump said.
Trump said that unlike gold, which is heavy and troublesome to travel, Bitcoin is finite, portable and liquid. He said it could be sold from his mobile phone at 11pm.
Trump emphasized that stubcoins serve as a way to protect the US dollar. He pointed out that cryptocurrencies allow people from around the world who lack trust in the government to hold digital US dollars by locking 1:1 to the stable Treasury ministry, providing safe, fast, and global hedges.
In adoption, Trump noted that major financial institutions are ultimately accepting crypto.
“You’re looking at what all major banks do… For the first time, people don’t need ledgers. They can buy Bitcoin through mainstream banks,” Trump said.
Going forward, he expressed confidence in Bitcoin’s explosive growth. “I think it’s going to end up at $1 million. I’ve never been more bullish.”
Trump’s passion for code is intertwined with his family’s political journey. He believes he has entered the space for framing cryptocurrencies, “ccused” and censored censorship as part of a broader fight for freedom and economic sovereignty.
He concluded that American Bitcoin will become one of the best Bitcoin companies in the world.
Source: https://bitcoinmagazine.com/politics/the-floodgates-are-opening-eric-trump-sees-bitcoin-hitting-1-million
