Eric Trump, the President of The Trump Organization, described cryptocurrency and decentralized finance as “digital real estate” and potential significant accelerators for the US economy, according to The Post.
Trump Jr. highlighted that over half of the population is unbanked and often denied credit. He suggested that cryptocurrencies could provide affordable collateral and instant access, driven by mathematics rather than politics.
INVEST HERE“I don’t know if people realize what a shock this is to the world of banking and finance. I hope we can help change that,” he remarked.
Trump Jr. further noted that the financial sector has become bogged down in bureaucracy over the last thirty years and requires substantial reforms to sustain the economy.
“My family has definitely experienced financial discrimination. I have a unique perspective on how easily people can be excluded from certain markets. It causes delays. It’s unfair,” he warned.
In the coming weeks, The Trump Organization intends to announce a significant initiative related to cryptocurrencies. Specifically, Eric Trump mentioned their readiness to incorporate them into the family’s company portfolio.
The publication pointed out that the specifics of the announcement remain highly confidential and a topic of speculation. Eric Trump promised to reveal the details “as soon as everything is ready to be realized.”
INVEST HERE“I think at some point we all want to be financially independent and live in a world where we don’t have to follow the rules of a big bank. That day is coming soon,” he concluded.
Previously, Donald Trump’s sons had announced a project in the DeFi segment, later clarifying that it would be a platform designed to “displace” banks.
My name is Jay Skrantz, and I’ve been a freelance writer for 10 years, concentrating largely on investment brokerage, mutual fund investing, and financial analysis topics. As a reporter, I’ve written extensively for a wide variety of sites and publications like SeekingAlpha, MoneyShow, and MotleyFool. I’ve also done substantial freelance work for a number of financial publications, including MarketWatch, CIO Magazine, and TheStreet.
