Eric Trump: Crypto More Needed in Developing World Than US
On November 14, Eric Trump said in an interview with Yahoo Finance Executive Editor Brian Sozzi that sovereign wealth funds are rapidly entering crypto because they see a world full of "junk currencies," corrupt governments, and outdated banking systems. He said developing countries need crypto even more than the U.S., as it helps solve the lack of modern financial infrastructure. Eric Trump added that many government-backed funds are using surplus winter energy to mine Bitcoin, and some countries have even included Bitcoin in national reserves. He noted Asia is especially active in crypto adoption and stressed that crypto represents the future of finance-making systems cheaper, more transparent, and reducing the dominance of big banks over users.
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