Eisenkot claims Netanyahu admits to economic failure with 'Bibicoin' plan

Gadi Eisenkot, chairman of the Yashar party, asserted on Saturday that Prime Minister Benjamin Netanyahu’s proposal for alternative financial mechanisms serves as an admission that the government has economically destroyed the country. Eisenkot released a campaign video on X/Twitter to make the case, positioning the plan not as a strategic pivot but as a confession of defeat.

The video began with the warning, "All of our money is at risk." It then cut to footage from an earlier interview on Channel 10, where Netanyahu stated that Israel must prepare for an alternative economy due to the weight of international sanctions. The former IDF chief used these clips to frame the government's actions as a reactive measure to a self-inflicted crisis.

A central focus of the criticism was the Prime Minister's remarks on blockchain technology. In the Channel 10 interview, Netanyahu acknowledged that digital finance would certainly form part of his strategy. He added, "I've already asked for a plan to be prepared for that." Eisenkot's campaign seized on this comment, coining the term "Bibicoin" to mock the concept. The video concluded that such a financial mechanism would destroy Israel.

The campaign materials drew parallels between the proposed system and the economies of North Korea and Iran. Eisenkot's team argued that the outcome would be the end of high-tech, healthcare, and security. The video posed a direct question to investors: how could the global high-tech industry put money into Israeli companies if digital currency were the only method available? The message was clear: "We must not let him burn through our savings."

In a separate post on X, Eisenkot adopted a more personal tone to address the implications of the policy. He wrote, "Netanyahu himself admits that the policy he's leading and wants to lead Israel toward will result in international isolation and economic sanctions that will shake the economy and the market." He further stated, "This will be the collapse of our national security."

The timeline of this political dispute traces back to Netanyahu's Channel 10 interview, where he first detailed the need for contingency financial structures. Following that appearance, Eisenkot's team reviewed the transcript and footage to build their narrative. The strategy relied on using the Prime Minister's own words as the primary evidence against his administration.

The exchange has placed economic contingency planning at the center of the current political debate. Eisenkot is leveraging the government's stated need for alternative financing to argue that the ruling coalition lacks a coherent economic strategy. The criticism hinges on the idea that the shift to digital assets is a response to isolation rather than a forward-looking innovation.

Next, the political campaign is expected to continue with further digital outreach. The Yashar party has scheduled additional content to keep the "Bibicoin" narrative in the public eye. The Prime Minister's office has not yet issued a formal response to the specific video, though the underlying economic policy remains active in government planning.