Crypto Is the Future, Not Banks, Says Eric Trump

Eric Trump has voiced strong support for cryptocurrency, criticizing traditional banking for falling behind the times.

In an April 30 interview, he described the legacy financial system as slow, inefficient, and biased toward the elite—key reasons he says he was drawn to digital assets.

He argued that banks are on a path to irrelevance unless they adapt to blockchain innovation, calling out outdated systems like SWIFT and praising decentralized platforms for offering faster, cheaper, and more transparent alternatives.

Despite skepticism from institutions like the Bank of Italy, Trump sees growing global interest in crypto as a sign that change is inevitable.

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Eric’s recent push into the space includes backing a stablecoin called USD1, launched in March 2025 on the BNB Chain and pegged to U.S. dollar reserves.

The move has fueled speculation about deeper ties between the Trump family and Binance, especially following rumors about a possible revival of Binance.US with Trump involvement—claims both Donald Trump and Binance have denied.

Eric Trump had previously predicted Bitcoin could hit $1 million, and his latest remarks suggest he sees crypto as more than a passing trend—he sees it as the future of finance.

Alexander Stefanov