Eric Trump Says Crypto Can 'Declare Victory' Over Banks: Is He Right?

Eric Trump on Wednesday said crypto can “declare victory” over the banking industry, a sharp shift from his 2025 warning that banks risked becoming obsolete.

What Trump Said at Token2049

Trump claimed at the Token2049 conference in Singapore, as cited by Bloomberg, that banks spent years fighting digital assets but are now racing to adopt them. 

“All of us in here beat the big banks because every single day you see another one” embracing cryptocurrency, he said. 

“It’s because people dared to push back against major headwinds. And honestly, I think today we could all declare victory,” he added.

On what’s next, the World Liberty Financial (CRYPTO: WLFI) co-founder tied crypto’s growth to AI adoption rather than any crypto-specific catalyst:

• Bitcoin’s (CRYPTO: BTC) slide from its October 2025 peak of $126,000 came partly from investors shifting capital into AI stocks, Trump argued.
• That capital is now flowing back as Bitcoin trades above $80,000 again.
• He expects that money to keep rotating back and forth between the two sectors going forward, pointing to the recent price gains as early evidence of the shift.

On tokenization, Trump framed the technology as a way to open assets like luxury real estate, art and music royalties, historically reserved for wealthy investors, to everyday people.