Eric Trump Warns: Banks Could Disappear in 10 Years If They Ignore Crypto

Jakarta, Pintu News – Eric Trump, son of US President Donald Trump and executive vice president of the Trump Organization, recently revealed a bold prediction about the future of banking.

In an interview with CNBC on April 30, Eric stated that traditional banks might become extinct in the next ten years if they fail to adopt cryptocurrencies.

Check out the full information below!

Eric Trump’s Pressure on Banks

Eric Trump emphasized that the modern banking system, which is expensive and tends to benefit the ultra-rich, needs to be overhauled. According to him, the current financial system is flawed and outdated, and no longer meets the needs of today’s economy.

Eric also strongly criticized existing cross-border transaction solutions, such as SWIFT, which he described as a disaster due to its slow transaction speeds. Furthermore, Eric revealed that the unfair conditions in the traditional financial system have prompted him to take an interest in the crypto market.

He believes that the banking system has been manipulated to the detriment of the majority of people, particularly those with limited financial resources or who support specific political movements.

Read also: Once Skyrocketed 1,000%, Why Has Alpaca Finance (ALPACA) Price Increased?

What Attracted Eric to the Crypto Market?

Dissatisfaction with the traditional banking system has led Eric Trump to delve into the world of cryptocurrencies. He believes that crypto offers a fairer and more efficient solution compared to the antiquated banking system.

According to Eric, cryptocurrencies offer greater opportunities for transparency and efficiency in transactions. Eric also highlighted how cryptocurrencies can reduce transaction costs and speed up cross-border payment processes.

These are some of the reasons why he urges banks to adopt crypto technology, lest they fall behind and eventually become obsolete.

Read also: Vitalik Buterin Targets a Bright Future for Ethereum (ETH) in 2025

Will Kah Banks Adopt Crypto?

Several global banks have started adopting cryptocurrencies, with Europe reportedly leading the way. More than 50 banks in Europe now offer digital asset services. In the United States, under the pro-crypto leadership of President Trump, expansion of crypto banking services is also being planned.

Recently, the Federal Reserve has revised its restrictive views on crypto banking, issuing new guidelines that have sparked optimism about the potential for a thriving crypto banking sector. The move is expected to encourage more banks to integrate crypto services in their operations.

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Reference

• Coingape. Eric Trump Expects Crypto Market to Replace Banks in 10 Years. Accessed on May 2, 2025
• Featured Image: CREW