Eric Trump, the second son of President-elect Donald Trump, isn’t mincing words when it comes to the future of banking. Speaking at the Bitcoin Conference in Abu Dhabi, Trump argued that blockchain technology is primed to outpace what he called “antiquated” global banking systems. “If you live in America and want to get a home loan, it takes you 90 days. By then, the house is sold, and your dream is gone,” he said, pointing to blockchain’s potential for faster, more efficient processes, as reported by CNBC.
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Blockchain Offers Speed and Cost Efficiency
Trump emphasized that blockchain can perform all the functions of modern banking—only faster and cheaper. He noted, “There is nothing on blockchain that can’t be done better, faster, and substantially cheaper.” His comments came as crypto supporters anticipate a friendlier regulatory environment under the incoming administration, which has already seen hundreds of pro-crypto candidates elected to Congress.
Trump Administration Plans Pro-Crypto Policies
Eric Trump highlighted that his father’s administration is poised to set the U.S. on a leadership path in crypto regulation. “We will have a clear road map, and hopefully the rest of the world follows,” he said, envisioning the U.S. as the “crypto superpower of the world.”
Elon Musk’s Role in the White House
Trump also hinted at Elon Musk’s involvement in the new administration, stating the Tesla (TSLA) and X CEO will co-lead the Department of Government Efficiency (DOGE). “I think Elon is going to take a major role in making sure real innovation happens,” he added.
His remarks align with Bitcoin’s growing prominence as a decentralized alternative to outdated financial systems.
At the time of writing, Bitcoin is sitting at $97,350.09.
