Eric Trump envisions a full transition to 24/7 financial operations

Former President Trump’s son, Eric Trump, shared his outlook on the revolutionary transformation of the financial system through blockchain technology. His remarks highlight the potential shift from traditional financial infrastructure to a decentralized financial system that operates 24/7. This transition is expected to fundamentally redefine banking services and significantly expand individual economic freedom.

Bitcoin and Digital Gold — A New Form of Value Storage

Trump describes Bitcoin as “digital gold,” emphasizing its role as an alternative store of value to traditional precious metals. As an asset not controlled by central banks, Bitcoin can serve as an effective means for individuals to protect their wealth. This perspective is based on personal experience of asset confiscation from banks, highlighting issues with centralized financial control.

From SWIFT to DeFi — Major Shift in Financial Infrastructure

Currently, international transfers are processed through the SWIFT system. According to Trump’s vision, this financial infrastructure is likely to be replaced by blockchain-based decentralized finance (DeFi) within the next 5 to 10 years. Traditional SWIFT payments have operating hours and processing delays, whereas DeFi can operate continuously 24/7. This change is expected to enable faster, more efficient financial transactions and facilitate direct payments between individuals.

Smart Contracts Enabling 24/7 Finance

Smart contracts automatically execute when certain conditions are met, potentially replacing most traditional banking operations. This technology allows for 24/7 operation without dependence on bank branch hours. In the envisioned transition, smart contracts will handle credit management, settlement processing, and asset management, executing automatically without human intervention.

Breaking Free from Centralization — Personal Experience and Its Meaning

Trump’s views on finance are rooted in personal experiences of being marginalized by the banking system. Existing financial systems allow major banks to control capital flows and restrict individual economic activities. Transitioning to DeFi signifies breaking free from this control structure and moving toward a society where individuals can directly manage their assets. Trump believes that a 24/7 operational decentralized finance system will realize true economic freedom by eliminating centralized authorities.