Eric Trump’s Crypto Warning: “If banks do not adopt crypto in the next 10 years, they will be finished
Eric Trump, son of the President of America and head of the Trump Organization, has expressed a big concern about the traditional banking system. In an interview with CNBC, which took place on 30 April 2025, Eric said that if banks delay adopting cryptocurrency, then these banks can become completely obsolete (useless) in the next 10 years.
He called the current financial system “ineffective” and “expensive”. Eric believes that today’s banking system works only for the rich, and the common man gets only trouble in it. Commenting on traditional transaction methods like SWIFT, he said:
“SWIFT is a disaster, and the work done through blockchain is much better than traditional systems.”
Why did Eric Trump turn to crypto?
Eric Trump said that his decision to turn to crypto came from his dissatisfaction with his banking system. He said:
“Our banking system has been transformed into a tool that is being used against the common people – they have neither money nor power.”
He also said that crypto systems are more fair and transparent. In his view, decentralized technologies like blockchain give people more freedom and there is no exploitation like the banking system.
Disadvantage of banks not adopting Bitcoin
Eric also said that many big banks around the world are still running away from cryptocurrencies. He gave the example of the Bank of Italy, which has a negative opinion about Bitcoin and stablecoins.
But according to Eric, these old ideas can prove very costly for banks.
“If banks continue to ignore crypto, they will be out of the market,” he warned.
Future of Crypto: Big predictions of Eric Trump
This is not the first time Eric Trump has made bold statements about crypto. In December 2024 too, he had said that the value of Bitcoin could go up to $1 million. He believes that in the coming times, governments and financial institutions will have to adopt crypto, otherwise it will lose its relevance in the international finance market.
Crypto Vs Traditional Finance: War of Two Worlds
Eric’s statements deepen the war going on between traditional finance and new-age crypto systems. He says that “banks cannot sit with their eyes closed, they will have to accept new digital tools.”
He believes that if banks are smart, they will collaborate with blockchain-based platforms, seek out new technologies, and make their systems crypto-friendly.
Will Banks Listen to Eric Trump’s Warning?
Even today, many banks see crypto as a threat, not an opportunity. But as Eric Trump said, ignoring change is like shooting yourself in the foot.
Crypto is no longer just a speculative investment – it has become a financial movement. Governments, investors, and now even political families like Trump’s are actively participating in it.
The coming years will decide whether the traditional banking system will be able to align itself with the new age digital revolution, or will it remain just a memory.