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When someone in the Trump family talks, the whole world of finance and cryptography stops listening.
Now, Eric Trump has issued a clear AA warning to Global Bank. It will be left to cryptocurrency or risk vanishing within the next 10 years. Talked to Dubai’s CNBC on April 30, the Trump organization’s executives did not restrain them, calling the current financial system “broken” and “slow” and was designed to serve only the super-rich people.
Is this another pitch in the cipher? not much. It comes from someone who says the system pushed him out. So why is one of America’s most recognised business people suddenly bullish on blockchain?
Let’s break it down
“It forced me into the crypto world.”
Trump revealed that the bank’s inefficiency pushed him into digital assets, warning that the bank will only have a decade to adapt – or disappear.
“If the banks don’t see what’s coming, they’ll be extinct,” he said.
He reserves certain criticism of Swift, a global messaging network used for cross-border transactions, calling it an “absolute disaster.” Trump argued that blockchain technology offers a faster, cheaper, and more transparent solution that threatens to completely replace legacy systems.
“You can open defi [decentralized finance] The app now allows you to open any cryptocurrency app and send money to your wallet, wallet instantly, instantly, cost-free, without any fluctuations. ”
Crypto marchs while banks are pushed back
Despite his harsh message, many global banks are hesitant.
Some institutions, like the Bank of Italy, continue to push for stupidity and Bitcoin investment. But Trump’s predictions reflect a growing optimism in the crypto industry, especially as key players anticipate an increase in adoption, as they are triggered by US management, policy and regulations that are crypto-friendly.
He is also very confident about where this is heading. In December 2024, he made the headline by predicting that Bitcoin would eventually reach $1 million per coin. His reasoning? As demand for faster, decentralized, more comprehensive financial tools increases, he believes that global governments and institutions have no choice but to embrace crypto to stay competitive.
Time is certainly looking up, so will the player adapt?
The Trump Family’s Complete Crypto
Eric Trump’s warnings have significant meaning behind them. He co-founded with his brother Donald Trump Jr. American Bitcoina mining company built by Hut 8 CEO Asher Genoot. The duo is also late World Liberty Financiala new company working to launch Stablecoin, a US dollar-backed company.
According to Eric, the family’s transition to cryptography was inevitable.
“We were probably the most cancelled company on the planet.“He said, referring to the government’s scrutiny, the banks severing their ties.
Their forays into memecoin, mining, and decentralized finances are like a position on the system that says they have turned their backs on them.
And now Eric Trump is betting that the same system is on borrowed time.
