Eric Trump: AI will become the fastest driver of growth in the crypto industry, with capital continuously rotating between the two.

October 8th, according to Bloomberg, Eric Trump, the second son of U.S. President Trump, said at the Token2049 conference in Singapore that large-scale investment in the AI sector will ultimately become the fastest driving force for the growth of digital assets. Citing an example of having an AI agent book a vacation, he said the agent would use a crypto wallet rather than fiat currency to complete transactions, and the faster AI integrates into daily life, the faster the crypto industry will grow.

Eric stated that Bitcoin's recent rise back above $80,000 shows that funds are flowing back from AI investment into the crypto market. He believes that funds will continue to rotate between AI and crypto assets. In addition, he said that the growth of dollar-backed stablecoins could strengthen demand for U.S. Treasuries.

He also emphasized the "public benefit" value of asset tokenization, arguing that putting high-end real estate, artworks, and music income on-chain can allow the broader public to invest in assets that were previously mainly available to wealthy investors. Speaking of banks, he said banks previously tried to hinder the development of digital assets, but now they are racing to adopt crypto technology.