TLDR
- Eric Trump claims that the UAE and other countries are actively investing in Bitcoin.
- The UAE recently granted ByBit a license to operate regulated crypto services.
- Bitcoin has surged in value, reaching $115,264 and growing over 70% in the past year.
- U.S.-China trade talks have influenced Bitcoin’s price surge, according to Eric Trump.
- Eric Trump continues to advocate for Bitcoin despite his departure from the World Liberty Treasury company.
Eric Trump recently stated that many countries, including the United Arab Emirates, are “actively buying” Bitcoin. According to Trump, these nations are investing heavily in Bitcoin as part of their financial strategies. He emphasized that countries are investing in Bitcoin to diversify their treasuries.
UAE Increasing Crypto Investments
Trump highlighted the UAE’s growing involvement in Bitcoin and crypto investments. He mentioned that Dubai recently granted ByBit, a crypto exchange, a license under the UAE’s Securities and Commodities Authority. With this license, ByBit can offer regulated crypto trading, brokerage, custody, and fiat conversion services in the UAE.
The UAE has become a favorable environment for crypto due to its regulatory framework. Bitcoin and other digital assets are gaining more acceptance as an alternative to fiat currencies. These developments reflect the UAE’s increasing adoption of cryptocurrencies.
Bitcoin’s value reached $115,264 over the weekend, marking a significant rise. It has increased in value by over 70% in the past year, reflecting strong demand. Several countries and financial institutions have shown a growing interest in Bitcoin as part of their investment portfolios.
The price surge followed positive news about U.S.-China trade talks. U.S. Treasury Secretary Scott Bessent confirmed progress in the negotiations, easing concerns over a potential tariff escalation. This announcement fueled Bitcoin’s upward momentum, showing how international events can influence cryptocurrency prices.
Eric Trump’s Role in Bitcoin Advocacy
Eric Trump has long been a vocal supporter of Bitcoin. He has consistently promoted the digital asset as a valuable investment. His pro-Bitcoin stance aligns with that of his father, former U.S. President Donald Trump.
Despite his recent departure from the board of the World Liberty Treasury company, Eric Trump remains actively involved in the cryptocurrency space. He continues to advocate for Bitcoin and its growing influence in the global economy. His remarks about the UAE and other countries reflect his ongoing commitment to the digital asset industry.
