'Bibicoin will destroy Israel': Eisenkot slams Netanyahu's crypto plan for alternative funding

Yashar party chairman Gadi Eisenkot criticized Prime Minister Benjamin Netanyahu's plan to use alternative financial mechanisms, stating that it would destroy Israel. The video, released on X/Twitter, portrayed Netanyahu's admission that the country's economy has been destroyed and warned against an alternative economy amid international sanctions.

The video emphasized that high-tech, healthcare, and security would come to an end if digital currency were the only method. Eisenkot also accused the plan of leading Israel towards an economy similar to North Korea and Iran, resulting in the collapse of national security. The Bank of Israel responded to the blockchain element of Netanyahu's plan, stating that digital currencies cannot be used to circumvent sanctions and urged the country to maintain economic relations with its main trading partners.

Netanyahu responded to the bank's comments sarcastically expressing gratitude for the advice. Yachad chairman Naftali Bennett also criticized the plan, describing it as a disaster for Israeli high-tech, livelihoods, poverty, tourism, and security. He urged the business community and citizens of Israel to build a strong future for the country.