Speaking at the Bitcoin MENA 2024 conference in Abu Dhabi, Eric Trump said Bitcoin has many advantages over traditional finance. He called the first cryptocurrency an international asset valuable to the entire world, which is increasingly threatened by inflation, political instability and natural disasters.

With its decentralized nature and limited supply of 21 million coins, Bitcoin can be a reliable tool for protecting savings. Eric Trump thanked his father for his willingness to support the development of cryptocurrencies, which became the reason for Bitcoin to reach a new record high above $ 100,000.

"Bitcoin is the future of finance. Bitcoin eliminates the need for tens of thousands of bankers doing paperwork for exorbitant fees. Cryptocurrency makes international transactions much easier," said Eric Trump.

He took the opportunity to criticize the Biden administration for its “war on cryptocurrency.” This refers to the numerous lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against major cryptocurrency companies, exchanges, and startups. Eric Trump noted that the FTX collapse was a turning point for the industry, which exacerbated the uncertainty and crackdown on cryptocurrency.

"Those who are adopting Bitcoin now, whether it's governments or institutions, are going to be the winners in the digital revolution. Bitcoin is becoming liquid, it's borderless, it's already a global currency. Bitcoin is not dependent on traditional banking systems, it's not subject to the influence of corrupt governments. People's eyes will be opened to this when Bitcoin reaches $1 million. I'm sure it will soon," Eric Trump said.

Eric Trump recently criticized SEC Chairman Gary Gensler for pursuing crypto companies. Trump believes that with adequate regulations for the development of the crypto industry, the United States can become a “global crypto power.”