Eric Trump says dad will be the ‘most pro-crypto president’

Investors from around the world have been pouring into Abu Dhabi this week for conferences focused on decoding the state of global finance and cashing in on the exploding growth of cryptocurrencies.

An exuberant crowd of crypto traders cheered Eric Trump at Abu Dhabi’s Bitcoin MENA conference on Tuesday as the President-elect’s son hailed the digital currency’s cracking the $100,000 mark and said it has a “special place in our heart.”

With some among the thousands at the event wearing red MAGA-like hats with the words, “Make Crypto Great Again,” Eric Trump said he believes Bitcoin will eventually reach $1 million. “You are going to have the most pro-crypto president in the history of America,” he said.

Among those spotted at the conference were Anthony Scaramucci, founder of SkyBridge Capital and the former White House communications director who was fired by Trump after 11 days on the job. Other speakers at the conference included Binance founder Changpeng Zhao and David Bailey, co-founder and CEO of BTC Inc., which publishes Bitcoin magazine.

At Abu Dhabi Finance Week in the city’s ADGM financial center, billionaire investor Ray Dalio, founder of Bridgewater Associates, warned against the clash of America-first ideology with an increasingly globalized business landscape. “It’s now a case of individual interests at odds in a world that has greater internal conflict and also greater external conflict,” Dalio said. “We are a world at war.”

Also at ADFW came the announcement that AE Coin, the UAE’s first government-regulated digital currency, will launch soon, after receiving final approval from the Central Bank.