Eric Trump Says Big TradFi Institutions Are Upset Over Bitcoin Giving ‘Financial Freedom’ To People: ‘They Want As Many Middlemen As Humanly Possible’
Eric Trump, executive vice president of The Trump Organization, reiterated in an interview aired Wednesday his strong support for Bitcoin (CRYPTO: BTC) and its potential to disrupt traditional financial institutions.
Bitcoin Challenges TradFi Dominance: Eric Trump
Appearing on the Full Send Podcast, Trump said that a million dollars’ worth of BTC could be sent and received in seconds with practically “zero fees,” something that the biggest financial institutions are not too pleased about.
“They want to extract the fees. They want as many middlemen as humanly possible because that’s what keeps their 70-story buildings lit and alive and their CEOs making hundreds of millions of dollars a year,” Trump, who himself runs many companies, said.
Bitcoin Is Good For Humanity?
He added that Bitcoin is helping to bypass all these barriers.
“I think that’s a really good thing for humanity. It gives people financial …
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