Banks beware — the future is digital, and Eric Trump is sounding the alarm.
In a bold statement during an April 30th interview with CNBC, Eric Trump predicted that traditional banks could vanish within the next decade if they fail to embrace cryptocurrency. According to him, it's either innovate or become irrelevant.
Crypto or Collapse? Eric Trump Sounds Off
Eric Trump didn’t hold back. Labeling the current banking system as “outdated, expensive, and dysfunctional,” he argued that banks cater mostly to the ultra-wealthy while leaving average people behind. His solution? Embrace blockchain.
“There’s nothing blockchain can’t do better than banks,” Trump claimed, slamming legacy systems like SWIFT as “complete disasters.” With their slow transactions and high fees, he sees traditional institutions as relics of the past.
Why Is Eric Trump All-In on Crypto?
Trump’s interest in crypto stems from a deeper frustration with how the financial world works — or doesn’t work — for everyday people. He believes that decentralized digital currencies give individuals more control, lower costs, and faster services.
He also referenced the struggles of political dissenters and middle-class Americans, suggesting that the system unfairly targets those who don’t fit its mold. Crypto, in his view, levels the playing field.
Can Traditional Banks Keep Up?
Some banks are starting to wake up. Across Europe, over 50 institutions have already integrated digital asset services, with many more preparing to jump in. Even in the U.S., the tide is turning.
With Trump administration allies pushing back against anti-crypto policies like "Chokepoint 2.0," and the Federal Reserve releasing fresh guidelines for crypto banking, the groundwork is being laid for a new era of digital finance.
Whether banks adapt in time remains to be seen — but one thing is clear: the future of finance is being rewritten, block by block.
