Eisenkot Dubs Netanyahu's Blockchain Plan 'Bibicoin' in Campaign Attack

Gadi Eisenkot, chairman of the Yashar party, released a campaign video on Saturday that frames Prime Minister Benjamin Netanyahu's push for alternative financial mechanisms as a confession of economic mismanagement. The former Israeli Defense Forces chief contends that the government's strategy risks depleting the nation's savings and destabilizing its core industries.

The video opens with the warning that "All of our money is at risk." It then plays clips from a prior Channel 10 interview in which Netanyahu stated that Israel must "prepare for an alternative economy" due to mounting international sanctions. Eisenkot's team uses these statements to argue that the prime minister has effectively "destroyed the country."

A central focus of the critique is Netanyahu's acknowledgment of blockchain technology. In the interview, the prime minister confirmed that digital finance would "certainly" be part of the new plan and noted, "I've already asked for a plan to be prepared for that." Eisenkot's campaign labeled this concept "Bibicoin" and asserted that such a mechanism would "destroy Israel."

The campaign materials draw parallels between the proposed financial system and the economies of North Korea and Iran. The video claims the outcome would be "the end of high-tech, the end of healthcare, the end of security." It further questions how the global high-tech industry would invest in Israeli companies if digital currency were the only available method for transactions.

In a separate post on X, Eisenkot adopted a more personal tone to address the issue. He wrote that Netanyahu "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." Eisenkot described this trajectory as "the collapse of our national security."

The exchange places Netanyahu's economic contingency plans at the center of the political debate. Eisenkot relies on the prime minister's own words from the Channel 10 interview to construct his criticism, presenting the adoption of digital finance not as innovation, but as a desperate measure to survive external pressures.

The campaign video concluded with the directive: "We must not let him burn through our savings." By linking financial policy to military and economic survival, Eisenkot aims to force voters to view the government's blockchain strategy through the lens of immediate fiscal risk rather than long-term technological adaptation.