💥 Gate Square Event: #PostToWinPORTALS# 💥
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Eric Trump: Cryptocurrency advertising is a potential lifeline for the US dollar
Eric Trump believes that the strong demand for cryptocurrencies could "save the USD" by attracting global capital into America, linking digital assets to the strength of the national currency. This statement was made right after he rang the opening bell at Nasdaq to welcome American Bitcoin Corp – a company in which he owns shares worth over 500 million USD, formed from a merger with Gryphon Digital Mining.
Eric's comments come amid a weakening USD due to the Fed lowering interest rates and concerns about rising public debt. Donald Trump has repeatedly called for low interest rates and pledged to turn America into the "cryptocurrency capital."
The Trump family is currently expanding its interests from Bitcoin ETFs, memecoins to stablecoins. Eric co-founded World Liberty Financial, which issues the stablecoin WLFI. He predicts Bitcoin could reach 1 million USD, viewing cryptocurrency as a challenge to Wall Street and a tool for changing access to finance.