Traditional wire transfers are like fax machines; they'll eventually end up in a museum. That's a harsh truth.

Crypto World News reports that Eric Trump said at the Consensus conference that the crypto industry is in two races: who can acquire the most Bitcoin and who can keep costs the lowest. He believes digital assets are the best tools for hedging against hard assets such as real estate. He also said that it is an inevitable historical trend for digital technology to beat analog technology, just as digital currencies will replace traditional wire transfer systems such as SWIFT. When discussing specific mining business, he said that American Bitcoin’s core strategy is to reduce mining costs as much as possible and continually increase the amount of Bitcoin held per share (satoshis).