Banks must adopt crypto or be extinct in 10 years, Eric Trump says
Eric Trump warned global banks they must adopt cryptocurrency or face extinction within a decade. He criticized the current financial system as broken, slow, and expensive, favoring the ultra-wealthy. Trump emphasized the advantages of blockchain technology over traditional banking methods, particularly criticizing SWIFT for its inefficiency in cross-border transactions. He noted that decentralized finance (DeFi) applications allow for instantaneous, cost-effective money transfers. Despite resistance from some banks, like the Bank of Italy, many industry executives remain optimistic about crypto adoption by 2025, coinciding with a more crypto-friendly stance from governments. Trump previously predicted Bitcoin could reach $1 million per coin, urging global institutions to embrace cryptocurrency to remain competitive.
