Eric Trump Lauds Bitcoin: 'Send $500 Million On A Sunday Night, Virtually No Fees'

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stores of value ever."What Happened: Speaking on Fox Business on Thurdday, Eric Trump blasted the traditional banking system for being "outdated and slow," citing how wire transfers stop after 5 p.m. on Fridays and mortgage approvals take months.Don’t Miss: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?He contrasted this with Bitcoin's ability to enable instant, low-cost global transfers, saying: "When you can transfer $500 million in Bitcoin from an iPhone to an iPhone at 11 o'clock on a Sunday night for practically no fees, that scares big financial institutions."Trump argued that cryptocurrency will replace legacy systems, unlocking speed, transparency, and global accessibility.Why It Matters: According to Santiment, trader sentiment across major cryptocurrencies is cooling — a typically bullish sign for contrarians:Bitcoin: Neutral, evenly split between bulls and bears.Ethereum: Slightly bullish, but enthusiasm fading.XRP: Heavily bearish, marking one of 2025's most fearful phases.See Also: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.81/Share Before Nov. 20Historically, such fear precedes accumulation phases when smart money re-enters the market.In a September interview, Eric Trump also claimed the crypto industry is advancing faster than the early internet, predicting Bitcoin could hit $1 million, and calling Q4 "unbelievable for a host of reasons."Despite optimism, Bitcoin has recently slipped below $100,000, as markets digest the end of the U.S. government shutdown.Image: ShutterstockTrending Now:Wall Street's $12B Real Estate Manager Is Opening Its Doors to Individual Investors — Without the Crowdfunding MiddlemenDeloitte's #1 Fastest-Growing Software Company Lets Users Earn Money Just by Scrolling — Accredited Investors Can Still Get In at $0.50/Share.Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That's why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn't tied to the fortunes of just one company or industry.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,734.11 -3.38 (-0.05%)Dow 3047,147.48 -309.72 (-0.65%)Nasdaq22,900.59 +30.19 (+0.13%)Russell 20002,388.23 +5.25 (+0.22%)VIX19.83 -0.17 (-0.85%)Gold4,094.20 -100.30 (-2.39%)PortfolioSign in to access your portfolioSign inTop gainersCDTX Cidara Therapeutics, Inc. 217.71 +111.72 (+105.41%)SRRK Scholar Rock Holding Corporation 37.41 +7.34 (+24.41%)AVDL Avadel Pharmaceuticals plc 23.56 +4.32 (+22.45%)LGN Legence Corp. 40.27 +6.95 (+20.86%)CSIQ Canadian Solar Inc. 33.58 +4.96 (+17.33%)Top losersDGNX Diginex Limited 10.53 -2.97 (-22.00%)STUB StubHub Holdings, Inc. 14.87 -3.95 (-20.99%)HTFL Heartflow, Inc. 27.98 -2.96 (-9.57%)EOSE Eos Energy Enterprises, Inc. 13.80 -1.40 (-9.24%)CLSK CleanSpark, Inc. 10.96 -1.02 (-8.51%)Most activeNVDA NVIDIA Corporation 190.17 +3.31 (+1.77%)ONDS Ondas Holdings Inc. 7.18 +0.62 (+9.45%)OPEN Opendoor Technologies Inc. 8.12 -0.44 (-5.14%)TSLA Tesla, Inc. 404.35 +2.36 (+0.59%)PFE Pfizer Inc. 25.06 -0.73 (-2.83%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 96,054.07 +139.73 (+0.15%)ETH-USD Ethereum USD 3,213.68 +55.27 (+1.75%)XRP-USD XRP USD 2.26 -0.00 (-0.12%)SOL-USD Solana USD 141.74 +0.44 (+0.31%)BTC-EUR Bitcoin EUR 82,641.37 +120.22 (+0.15%)Top economic events