Eric Trump: Cryptocurrency will leave big banks' deeply regretful 'and' far behind '

According to The Block, Eric Trump, Executive Vice President of the Trump Organization and son of Trump, stated at the Dubai Token2049 event that large banks will regret their actions against individuals and politicians in the cryptocurrency field. During a fireplace conversation with Zach Witkoff, co-founder of World Liberty Financial, and Sun Yuchen, founder of TRON, he stated that the modern financial system has failed, with banks targeting the Trump family in the past, and the cryptocurrency world taking over large banks, leaving them far behind. He believes that the banking business model relies on fees and is difficult to maintain in the cryptocurrency environment. Without innovation, it will become redundant and even go extinct, just like old-fashioned film and cameras. He pointed out that the innovation speed of cryptocurrency far exceeds that of banks, and he would be happy to see banks defeated by the people he once targeted. He also stated that cryptocurrency brings a fair competitive environment, freeing people from the constraints of distrustful governments or currencies, and allowing more people to access financial services through their mobile phones. In addition, he appreciated the UAE's willingness to carry out projects and criticized Europe for not being open enough to business, saying that the United States is much better than Europe.