The old guard of finance has been warned—change is coming fast, and this time, it’s not Wall Street that’s driving it. Eric Trump just put the banking world on notice: adopt crypto or become extinct.

Speaking with CNBC, the executive vice president of the Trump Organization painted a bleak future for traditional banks that cling to outdated infrastructure and gatekeeping models. His prediction? They’ll be gone within 10 years.

A Broken System, Propped Up by Elites

Eric Trump wasn’t pulling punches. He called SWIFT, the decades-old system for cross-border transfers, a relic of a bygone era—a system where money takes days to move, fees stack up, and red tape benefits only the ultra-rich.

“If you’re wealthy, you get concierge banking,” he said. “If you’re not, you wait. You pay. You lose.”

It’s a critique that resonates with crypto’s earliest advocates—those who saw Bitcoin not just as code, but as a rebellion against the financial caste system.

Crypto as the Great Equalizer

Trump’s solution? Embrace the blockchain.

In his view, DeFi apps and cryptocurrencies offer a fast, low-cost alternative to banking that puts financial power in the hands of users, not institutions.

Whether it’s a Bitcoin wallet in Nigeria, a stablecoin transfer in the Philippines, or a DeFi loan in Kansas, Trump says the rules of finance are being rewritten—and banks that don’t learn the new language will go extinct.

The Trumps Are All-In on Crypto

This isn’t just rhetoric. The Trump family is building the rails for crypto adoption.

• A partnership with Bitcoin miner Hut 8 to launch American Bitcoin
  
• A U.S. dollar-backed stablecoin via World Liberty Financial
  
• A presidential vision to make America the global capital of crypto
  

Eric Trump even predicted Bitcoin could hit $1 million—a claim that, not long ago, would’ve sounded absurd. Today? Not so much.

But Crypto Still Has a Problem

Despite the momentum, crypto remains fragile under pressure.

The $90K to $74K crash following trade tariff announcements was a harsh reminder that blockchain hasn’t escaped macroeconomic gravity.

Christine Lagarde of the ECB is still unconvinced. Central banks are skeptical. Stability is the holy grail—and crypto hasn’t quite found it yet.

Conclusion: The Battle Is On

Eric Trump’s warning wasn’t just to banks. It was to everyone: the world is moving, fast, and the choice is stark—evolve or be erased.

Crypto isn’t fringe anymore. It’s policy. It’s infrastructure. It’s war-tested—and it’s coming for the legacy systems that failed too many for too long.

The next 10 years will decide who controls the flow of money: the bankers clinging to 1973—or the builders redefining 2030.