Eric Trump: AI will become the fastest driver of growth for the crypto industry, and capital will continue to rotate between the two sectors.

According to Bloomberg, Eric Trump, the second son of U.S. President Donald Trump, told attendees at Singapore’s Token2049 conference that large-scale investments in AI will ultimately become the fastest driver of growth for digital assets. Citing an example of AI agents booking vacations, he said such agents would use crypto wallets instead of fiat currencies for transactions, adding that the faster AI integrates into daily life, the faster the crypto industry will expand. Eric noted that Bitcoin has recently rebounded above $80,000, a sign that capital is flowing back to the crypto market from AI investments, and he believes funds will continue to rotate between AI and crypto assets. Additionally, he said the growth of dollar-backed stablecoins could boost demand for U.S. Treasuries. He also emphasized the "public welfare" value of asset tokenization, arguing that tokenizing high-end real estate, artworks, and music royalties would allow a broader public to invest in assets that were previously mainly accessible to wealthy investors. When discussing banks, he said financial institutions had previously tried to hinder the development of digital assets, but now they are racing to adopt crypto technologies.