Eric Trump : Banks Must Embrace Crypto or Go Extinct by 2035

Eric Trump, Vice President of the Trump Organization, has warned that traditional banks must quickly adapt to cryptocurrency or face extinction within the next decade.

Written by Gaston Cuny

Translated on April 30, 2025 at 16:04 by Sarah

Copié

Banks Given Ultimatum by Eric Trump

Eric Trump recently issued a clear warning to banks during an interview in Dubai. The Trump Organization Vice President stated that the traditional financial system is no longer suitable, and banking institutions must adopt cryptocurrencies or risk becoming obsolete within 10 years.

According to Eric Trump, international payment networks like SWIFT are disastrous due to delays and high costs. In contrast, blockchain solutions now enable instant and low-cost transactions. He emphasized that decentralized applications already outperform traditional banks, providing users with peer-to-peer services without fees or delays.

Eric Trump argues that the conventional banking system favours the ultra-rich, excluding many Americans from essential services. He sees cryptocurrency as a way to make financial services more accessible to all.

Banking Industry’s Resistance to Crypto Adoption

Despite these pressures, some institutions remain cautious about using digital assets. The Bank of Italy has expressed concerns, while Bitcoin and stablecoins still face opposition from several authorities. However, major institutions like JPMorgan and Goldman Sachs have recently delved into crypto, indicating a shift in perception.

According to Eric Trump, banks have no choice: they must quickly embrace blockchain innovations or risk disappearing in the next decade. As the Trump family continues to invest in the crypto sector, time is running out for traditional financial institutions to adapt or face obsolescence.

Buy Crypto Easily on Bitget !

More on this topic :

Gaston Cuny

Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.

DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.

DISCLAIMER

This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.

InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.