• Eric Trump claims banks face extinction in 10 years without cryptocurrency adoption.
• The banking system is criticized for inefficiencies and prioritizing the ultra-wealthy.
• Eric Trump emphasizes the growing role of cryptocurrencies in shaping the future of finance.

Eric Trump, the head of the Trump Organization in the United States, the son of the country’s President, has sounded a dire outlook on the future of traditional banking. During an interview with CNBC on April 30, 2025, he explained that if banks fail to adapt to the use of cryptocurrencies, they will be obsolete within the next 10 years. According to him, the emergence of crypto is a threat to the banking sector.

He complained about the contemporary financial system, stating that it is ineffective and cumbersome to use. Eric Trump noted that existing banks are expensive and tend to favor catering to high-net-worth investors. In his opinion, this broken system, when combined with slow transaction methods such as SWIFT, has led him into the realm of cryptocurrencies. He stated:

“There’s nothing that can be done on blockchain that can’t be done better than the way that the current financial …

The post Eric Trump Warns Banks Face Extinction in 10 Years Without Crypto Adoption appeared first on Coin Edition.

• Eric Trump claims banks face extinction in 10 years without cryptocurrency adoption.
• The banking system is criticized for inefficiencies and prioritizing the ultra-wealthy.
• Eric Trump emphasizes the growing role of cryptocurrencies in shaping the future of finance.

Eric Trump, the head of the Trump Organization in the United States, the son of the country’s President, has sounded a dire outlook on the future of traditional banking. During an interview with CNBC on April 30, 2025, he explained that if banks fail to adapt to the use of cryptocurrencies, they will be obsolete within the next 10 years. According to him, the emergence of crypto is a threat to the banking sector.

He complained about the contemporary financial system, stating that it is ineffective and cumbersome to use. Eric Trump noted that existing banks are expensive and tend to favor catering to high-net-worth investors. In his opinion, this broken system, when combined with slow transaction methods such as SWIFT, has led him into the realm of cryptocurrencies. He stated:

“There’s nothing that can be done on blockchain that can’t be done better than the way that the current financial …

The post Eric Trump Warns Banks Face Extinction in 10 Years Without Crypto Adoption appeared first on Coin Edition.