Eric Trump, the second son of U.S. President Donald Trump, said on the 9th that South Korea could become the virtual asset capital of Asia.
Eric Trump said this about Korea's virtual asset industry, saying it's "doing better than any other country in Asia," at the "Upbit D Conference 2025," held at a hotel in Gangnam-gu, Seoul. Trump participated in the event via video conference.
Eric Trump leads the Trump family's virtual asset ventures. He founded a Bitcoin mining company and recently issued virtual currencies, World Liberty Finance (WLFI) Coin and USD1 (a dollar-pegged stablecoin), which were listed on major global exchanges.
Eric Trump criticized the traditional financial system and predicted that digital assets would become the foundation of future finance. He stated, "It makes no sense that you can go to the supermarket anytime, but you can't do bank transfers," and pointed out that "traditional finance is too outdated." He emphasized, "If large banks don't embrace digital assets, they will fall behind Upbit, Coinbase, and Binance."
He stated that a proactive government stance is necessary for the virtual asset industry to grow. Eric Trump stated, "The reason the United States is leading the virtual asset industry is because it has a president and cabinet that believe in and understand it. If we stand by and do nothing, we will fall behind and even go extinct." He added, "While South Korea, which has the second-largest virtual asset market after the United States, has done well so far, we must keep in mind that if various regulations remain, it will be difficult to compete."
He also explained how the Trump family, following real estate, became interested in virtual assets. He said, "After President Trump's defeat in the election, banks around the world, including the US, attempted to revoke our accounts due to political pressure. Having no other choice, we began exploring alternative financial instruments, and we fell in love with digital assets." He explained that political pressure led US financial institutions and banks to restrict the Trump family's financial transactions, sparking their interest in digital assets.
Meanwhile, Eric Trump predicted that Bitcoin would become the greatest asset of this generation. He said, "The world's wealthiest families are buying digital assets, and Bitcoin, with its limited supply of 21 million, continues to grow in value. I urge those hesitant to jump in now."
- Reporter Park Min-joo
< Copyright โ Decenter. Unauthorized reproduction and redistribution prohibited >
