Marking his presence on the second and final day of #token2049 Dubai, #EricTrump , executive VP of The #TRUMP Organizationâand son of U.S. President Donald Trump, didnât mince his words, when it came to his disappointment with traditional banking system.
Eric took the stage with Tronâs Justin Sun and World Liberty Financialâs Zach Witkoff to back crypto with full force. Slamming traditional banks, Trump predicted a major shake-up in global finance, calling crypto the future.
âOur system is broken. Modern finance is absolutely broken,â Eric declared.
He pointed to what he described as unfair treatment of the Trump family by large financial institutions over recent years, saying that big banks have targeted both political and crypto-aligned individuals. âNothing would make me so happy to see them fall to the very people they came after.â
Trump argued that banks are becoming outdated, unable to compete with the speed and innovation happening in the crypto sector. âThe crypto world is going to take over the big banks. I think itâs going to leave them in the dust,â he said.
He compared traditional banks to outdated technology like old cameras and film, warning that without innovation, they are on the path to extinction.
He also took a shot at banking hours, calling them âa joke.â âWhy do banks still run 9-5 Monday through Friday with an hour and a half lunch break? The old financial system is broken,â he said.
Praising crypto for offering financial freedom, Trump highlighted its accessibility: âCrypto brings an even-playing field to the world. Youâre no longer at the mercy of a government or a currency you may no longer trust. Anyone with a phone can access finance.â
While praising the UAE for its openness to innovation, Trump criticized Europe for being resistant to business opportunities. âAmerica is 1,000% times better than Europe,â he concluded.