Eric Trump thinks artificial intelligence, not a crypto-specific trend, will drive the next phase of digital asset growth. Trump was speaking at the Token2049 conference in Singapore on Oct.
Eric Trump thinks artificial intelligence, not a crypto-specific trend, will drive the next phase of digital asset growth.
Trump was speaking at the Token2049 conference in Singapore on Oct. 7. "The thing that's going to spawn the growth of digital assets by far the quickest is actually the AI trade," he said.
TOKEN2049 bills itself as the world's largest crypto event. The two-day Singapore edition runs October 7 and 8 at Marina Bay Sands, with more than 300 speakers and 500 exhibitors listed on its official site.
Eric Trump, a son of President Donald Trump, co-founded World Liberty Financial. It is a Trump family-linked crypto project that issues USD1, a dollar-backed stablecoin.
A stablecoin is a crypto token built to hold a steady $1 value. He is also co-founder and chief strategy officer of American Bitcoin, a Nasdaq-listed company that mines Bitcoin and holds it as a reserve asset.
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Trump's argument rests on AI agents. These are software programs that can carry out tasks on their own.
He used the example of agents booking hotels or arranging travel, then paying through digital wallets with stablecoins and no human stepping in.
A digital wallet is an app that stores crypto and sends payments.
He also acknowledged that money moving from crypto into AI stocks over the past year had weighed on crypto prices. He expects that rotation between the two to continue.
Trump told the audience, "I think today we could all declare victory" over big banks.
He also went on to promote tokenization, which means turning ownership of real-world assets such as real estate, art or music royalties into digital tokens on a blockchain, a shared digital ledger. He mentioned that this lets everyday investors buy into assets once reserved for the wealthy.
His record on these claims is mixed.
World Liberty Financial's February plan to tokenize interests tied to a Maldives resort was open only to accredited investors, a category based on wealth and income.
World Liberty Financial said it would split stakes in the resort in the Maldives into digital tokens that investors could buy. It partnered with Dar Global, the resort's developer, and Securitize, a company that issues tokenized investments.
His forecast of a strong fourth quarter in September 2025 did not come true either. Bitcoin, which peaked at $126,000 in October 2025, trades above $83,000 at the time of writing.
Related: ‘Godfather’ sentenced to 78 months over $37M Meta fraud
