In an interview with CNBC on April 30th, Eric Trump asserted that the current financial system is flawed and inefficient, arguing it primarily benefits the wealthy. This led him to explore the world of cryptocurrencies, claiming they offer a superior alternative. He warns banks not to delay adaptation or risk extinction within the next decade. Trump emphasizes the potential of blockchain technology in revolutionizing finance, surpassing traditional methods like SWIFT’s slow and costly cross-border transactions. He suggests that decentralized crypto solutions can achieve faster and cheaper international payments compared to existing systems. His remarks come amidst resistance from banks towards cryptocurrency adoption. While some, such as Italy’s finance minister, argue that US stablecoins pose a greater threat than tariffs, Trump’s prediction aligns with his previous bold statements about the future of cryptocurrencies. In December 2024, he predicted Bitcoin would hit $1 million in value, urging global governments and institutions to embrace cryptocurrency for market dominance.