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Eric Trump:AI will become the fastest driver of growth in the crypto industry, with capital continuing to rotate between the two
BlockBeats news,October 8, according to Bloomberg, Eric Trump, the second son of U.S. President Donald Trump, said at the Singapore Token2049 conference that AI massive investment in the field will ultimately become the fastest catalyst for digital asset growth. He cited AI AI agents booking vacations as an example, saying that agents will use crypto wallets rather than fiat currency to complete transactions, and that the AI faster crypto is integrated into everyday life, the faster the crypto industry will grow.
Eric said that Bitcoin recently rose back above 80,000 USD, showing that capital is flowing back into crypto markets from AI investments. He believes capital will continue to rotate between AI and crypto assets. He also said that growth in stablecoins USD-backed could increase demand for U.S. Treasuries.
He also emphasized the “public-good” value of asset tokenization, arguing that putting high-end real estate, art, and music revenues on-chain could allow a broader public to invest in assets previously aimed mainly at wealthy investors. Discussing banks, he said that banks had previously tried to obstruct the development of digital assets but are now competing to adopt crypto technology.
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