Dunamu Hosts Blockchain Event 'Upbit D Conference'
"If We Fall Behind in the Virtual Asset Industry, We Will Become Extinct"
Eric Trump, the second son of former U.S. President Donald Trump and Executive Vice President of the Trump Organization, argued that virtual assets are a driving force capable of reshaping the global financial system and insisted that people should actively engage in this field.
Eric Trump, Executive Vice President of the Trump Organization, is seen participating via video call and having a discussion at the "Upbit D Conference" held on the 9th at InterContinental Seoul COEX in Gangnam, Seoul. Photo by Yoo Hyunseok
At the Upbit D Conference (Upbit D Conference·UDC) 2025 held on September 9, Eric Trump stated, "Virtual assets allow everyone to enjoy financial freedom in a fair environment," adding, "We must fiercely jump into the competition. If we fail to keep up, we will become extinct."
On this day, Eric Trump held a discussion with Yoon Sunjoo, Chief Brand Impact Officer (CBIO) of Dunamu, under the theme "Finance, Business, and Digital Assets: Trends and Future Outlook."
He is responsible for managing the business of the Trump Organization, the real estate development company of the Trump family. In September last year, the Trump family established a decentralized finance platform called "World Liberty Financial."
The Trump family has been known for real estate investment, but they are now turning their attention to virtual assets. The reason for this shift was political pressure. As U.S. financial institutions and banks began restricting the Trump family's financial transactions, they became interested in digital assets.
Eric Trump emphasized that the greatest advantage of virtual assets is their freedom from any restrictions. He said, "With the current financial system, sending money requires currency exchange or a visit to the bank, and there are also fees, making it inefficient. If you remit money using virtual assets such as Bitcoin or stablecoins, there is no need to go through remittance fees or currency exchange procedures."
He also explained that virtual assets are a good choice as a hedging tool. He said, "Real estate cannot be moved and gold is heavy, but virtual assets like Bitcoin can be immediately liquid. They are the best hedge for hard assets such as real estate."
Eric Trump particularly emphasized that the status of virtual assets is rising compared to the past, as global major banks are now entering the virtual asset market. He said, "JPMorgan is now creating a virtual asset division and developing products. All the leading financial institutions in the United States are doing the same and are now embracing virtual assets."
He further stressed that for the virtual asset industry to grow, an active stance from the government is necessary. He said, "Governments tend to prioritize safety, so it is difficult to persuade them. However, if they hesitate, they will ultimately fall behind, which is why national determination is important."
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