โกBreaking !Eric Trumph Warning To Global Bank!๐
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 .