⚡Breaking !Eric Trumph Warning To Global Bank!🙋
Eric Trump, executive vice president of the Trump Organization and son of US President Donald Trump, has warned global banks that they must adopt cryptocurrency or risk becoming extinct within a decade. He made this statement in an interview with CNBC's Dan Murphy in Dubai on April 30, 2025.
*Key Points:*
- *Adoption Necessity*: Trump emphasized that banks worldwide need to embrace cryptocurrency to avoid becoming obsolete.
- *Current Financial System Critique*: He described the existing financial system as "broken," "slow," and "expensive," favoring the ultra-wealthy.
- *Blockchain Advantages*: Trump highlighted the benefits of blockchain technology, citing its ability to facilitate instantaneous and cost-effective transactions.
- *SWIFT Criticism*: He labeled the global messaging network SWIFT an "absolute disaster" due to its slow transaction speeds.
- *DeFi Efficiency*: Trump pointed out the efficiency of decentralized finance (DeFi) applications, allowing for wallet-to-wallet transactions without variability.
*Industry Response:*
- *Bank Resistance*: Many global banks continue to resist cryptocurrency adoption, with the Bank of Italy criticizing stablecoin growth and Bitcoin investments.
- *Optimism*: Industry leaders remain bullish on crypto adoption by banks, especially with governments like the US pursuing more crypto-friendly policies.
*Trump's Previous Predictions:*
- *Bitcoin Price Forecast*: In December 2024, Eric Trump predicted that Bitcoin would inevitably reach $1 million per coin.
- *Global Adoption*: He asserted that global governments and institutions would need to adopt cryptocurrency to remain competitive .