Eric Trump Warns Traditional Banks Face Extinction Without Crypto Adoption
Eric Trump, Executive Vice President of the Trump Organization, issued a stark warning to traditional financial institutions during recent remarks. "If banks don’t change the way they operate, they’ll be extinct in ten years," Trump stated, positioning cryptocurrency as the inevitable successor to what he called a "broken, slow, and expensive" financial system.
The critique extended to systemic biases, with Trump noting how current banking structures disproportionately favor the ultra-wealthy. His conversion to crypto advocacy stemmed from recognizing how these mechanisms were "weaponized" against ordinary Americans - a realization that mirrors growing institutional interest in decentralized alternatives.