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Eric Trump Warns: Global Banks Must Adopt Crypto or Die Out
Eric Trump Warns: Global Banks Must Adopt Crypto or Die Out
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Eric Trump, executive vice president of the Trump Organization, delivered a stark warning to global banks during a CNBC interview in Dubai: embrace cryptocurrency or face obsolescence within a decade. He criticized the traditional financial system as "broken," "slow," and skewed toward the ultra-wealthy, revealing that these flaws drove him toward crypto adoption.
The remarks underscore growing institutional pressure to integrate blockchain technology. While Trump didn’t specify particular assets, the broader crypto market—including Bitcoin (BTC) and Ethereum (ETH)—stands to benefit from such high-profile endorsements. The sentiment aligns with accelerating institutional adoption, though regulatory hurdles remain unresolved.
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