Eric Trump's Crypto Warning: Banks Have 10 Years to Embrace Blockchain or Bust!

From Dubai: A Stark Ultimatum for Traditional Finance

Hold onto your wallets, folks! Eric Trump just dropped a bombshell in Dubai, declaring that banks are on a ticking clock. He's giving them just a decade to get hip to blockchain tech or face extinction as decentralized finance explodes onto the scene.

The Trump Takeover: Bashing the Broken Banking System

Eric Trump, the executive vice president of the Trump Organization, didn't hold back in a fiery CNBC interview. He slammed the traditional financial system as "broken," "slow," and "expensive." According to Trump, blockchain isn't just a game-changer; it's a total knockout. "There's nothing that can be done on blockchain that can't be done better than the way that the current financial institutions are working," he declared.

SWIFT Disaster and the Weaponization of Wealth

But Trump didn't stop there. He took aim at SWIFT, the global financial messaging network, calling it an "absolute disaster." He blasted the banking system as "antiquated" and accused it of catering only to the ultra-wealthy. "Our banking system favors the ultra-wealthy. And what actually got me into [cryptocurrency] is the fact I realized our banking system was weaponized against the vast majority of people in our country, either the people that don't have the zeros on their balance sheet, or people who might have worn that red hat that said 'Make America Great Again,'" Trump revealed.

Crypto Kingpin: Bitcoin to Hit $1 Million?

As the UAE hustles to become the crypto capital of the world, Trump's comments signal his growing crypto allegiance. He even predicted that Bitcoin (BTC) could soar to a mind-blowing $1 million, touting it as the ultimate bank alternative.

Ethereum Enthusiasm: A Tweet and a Tumble

But it's not just Bitcoin on Trump's radar. Back in February, when Ethereum (ETH) was flirting with $2,900, he took to X with a bold proclamation: "a great time to add Ethereum" and a cheeky "thank me later." Well, that didn't age well. Just five weeks later, ETH crashed over 30% to $1,900, and Trump's "thank me later" vanished faster than you can say "blockchain."