Eric Trump, Trump’s CEO and the son of the United States -elect Donald Trump, recently shared his point of view on Bitcoin during an exclusive interview behind the scenes with Frank Corva, Bitcoin’s business correspondent, in Bitcoin Middle East and North Africa Conference 2024. Trump highlighted the transformative capabilities of Bitcoin, and compared them to real estate, which represents the cornerstone of his family’s business, while emphasizing its unique advantages as a way to hedge for traditional investors.
Only in: 🇺🇸 Eric Trump explains the reason #Bitcoin It is a better investment than real estate. pic.twitter.com/yrujhihsnt
– Bitcoin Magazine (@bitcoinmagazine) December 10, 2024
From real estate to bitcoin
As a “brick and mortar man”, Trump explained the deep relationship between his family and real estate. He said: “I spent my entire life wandering on construction sites,” describing the tangible nature of real estate and their energy. However, he realized the restrictions imposed on material assets, such as their lack of liquidity and their inability to adapt to the global market transformations.
“If I have a hotel, I can spend five years to build it, and if I want to sell this hotel, it may take two years to sell the property,” Trump said. He admitted the many benefits provided by real estate, including tax benefits and financial lifters, but he pointed to her great disadvantage: “real estate is not liquid.”
This is where Trump sees Bitcoin a revolutionary alternative. “What is the best hedge of real estate from a liquid thing immediately?” He asked.
Bitcoin as a transportable and accessible origin
Trump talked in detail about the possibility of transporting Bitcoin compared to real estate. “I cannot take Trump Tower on Street 57 and 5 and transfer it to London, Singapore or the United Arab Emirates if these markets are better. But the bitcoin currency is transportable, it is digital.
He also praised bitcoin to eliminate mediators and reduce costs. He said: “There are no intermediaries, no bankers, no attorneys, no royal companies, and no intermediaries.” Unlike real estate, bitcoin does not carry any risk of material damage caused by fires, floods or natural disasters.
Democracy of investment opportunities
Besides its technical advantages, Trump highlighted the role of bitcoin in adding a democratic character to reach the chances of building wealth. While real estate investments often require capital and great experience, Bitcoin provides an entry point for those who may not have significant resources.
Trump said: “Building or buying a house is far -reaching for 99% of people,” Trump said. “They cannot go out and build a 70 or 80 -storey building on the fifth avenue in New York. Entry costs are very high.” However, Bitcoin provides only accessible assets, but historically has achieved higher returns than most real estate investments.
Trump stressed the ability of Bitcoin to empower people in developing countries. He said: “Bitcoin currency gives people who will not have the opportunity without that to invest and succeed, and perhaps they are lucky and change their lives.”
Eric Trump’s perspective on Bitcoin as a way to hedge the real estate investors completes the ongoing conversation about how bitcoin can reshape the path to home ownership, especially for young generations that have come out of traditional housing markets. In a previous article for Bitcoin magazine, I explored how Bitcoin works as a final savings tool, providing a concrete way to achieve a dream of home ownership in a scene where housing prices appear increasingly far. Can a single bitcoin coin buy a house in the near future? as Bitcoin Pro magazine tweet It suggests that the answer may surprise us, as Bitcoin continues to transfer personal financing and global markets.
In 8 years:
🏡 Average home price 🇺🇸 in #Bitcoin = -99% 🥇
2016: 664 Bitcoin
2024: 4.8 Bitcoin💵 Average home price 🇺🇸 in US dollar = +50% 😱
2016: 288 thousand dollars
2024: 434 thousand dollarsCan 1 #Bitcoin Buy your dream home in 2028? 👀 pic.twitter.com/op4nfrhuhg
– Bitcoin Pro magazine (@bitcoinmagpro) November 14, 2024
Do not make mistakes: it’s the future.
As a supporter of long -term investment strategies, Trump has confidently expressed his belief in the future of Bitcoin. “Do not make mistakes: it’s the future.” “People who adopt this idea early will succeed. Those who do not want it, as I said before, will fail to knee.
Trump’s visions are compatible with the increasing recognition of Bitcoin capabilities as a way to hedge against traditional assets, providing investors liquidity, access and global diversity. For real estate investors and others, Bitcoin may not be just a way to hedge, but it represents the cornerstone of the future financial scene.
This interview emphasizes the increasing interest in bitcoin between influential personalities, and highlighting its development of speculative origin to a vital element in modern investment portfolios.
Watch the direct broadcast of the second day of the Bitcoin Middle East and North Africa conference 2024. It includes leading personalities in the bitcoin industry throughout the Middle East and North Africa and around the world, and stimulates bitcoin in the Middle East and North Africa region the next chapter of bitcoin adopting globally!