Israeli Prime Minister Benjamin Netanyahu has called for a blockchain-based strategy to help the country navigate potential economic sanctions, particularly banking restrictions. In an interview on Israel's Channel 10, Netanyahu emphasized the need for an economy capable of bypassing such sanctions, though he provided no specifics on the plan's details or implementation.
The prime minister acknowledged blockchain as one potential solution but did not specify which blockchain technology or digital currencies might be involved. He also warned of the eventual end of U.S. military aid, noting that the tens of billions of dollars in assistance he secured will not last forever.
Netanyahu highlighted the importance of strengthening Israel's military and its ability to produce ammunition and weapons independently. He announced an additional 400 billion shekels, or around $129 billion, allocated to the defense budget over the coming years. Additionally, he cautioned about a potential shift in U.S. political support following President Donald Trump's departure from office.
Netanyahu praised Trump as the most supportive U.S. president Israel has ever had, expressing doubt that another leader would match his level of friendship toward the country.