Eric Trump: Anti-Crypto Banks Will Be 'Extinct in 10 Years'
Eric Trump criticized traditional finance, warning banks that failure to adopt cryptocurrency could lead to their extinction in a decade. He described current financial systems as "broken, slow, and expensive," specifically targeting SWIFT as an "absolute disaster." Trump highlighted inefficiencies in banking, noting that transactions can take up to 72 hours if missed by a Friday cut-off. He argued that the banking system favors the ultra-wealthy and is outdated, questioning the traditional banking hours. He claimed that hard-working Americans face delays, such as 120 days for mortgage processing, which he deemed incompetent. Trump believes blockchain technology can improve financial infrastructure. His family business is expanding into cryptocurrency, including launching American Bitcoin Corp and World Liberty Financial.
