Eric Trump, executive vice president of the Trump organization and the son of the elected president of the United States, Donald Trump, recently shared his perspective on Bitcoin during an exclusive interview between racks with Frank Corva, company correspondent to company of Bitcoin magazine, in the Bitcoin Mena 2024 Conference. Trump highlighted the Bitcoin transformative potential, comparing it with real estate, the cornerstone of his family’s business, while emphasizing his unique advantages as coverage for traditional investors.
Only in: 🇺🇸 Eric Trump explains why #Bitcoin It is a better investment than real estate. pic.twitter.com/yrujhihsnt
– Bitcoin Magazine (@bitcoinmagazine) December 10, 2024
Of the real estate sector to Bitcoin
As a self -proclaimed “physical type”, Trump explained the deep connection of his family with the real estate sector. “I have spent all my life walking through construction works,” he said, describing the tangible nature of real estate and their energy. However, he recognized the limitations of physical assets, such as their illiquidity and their inability to adapt to global market changes.
“If I have a hotel, I can spend five years building it, and if I want to sell that hotel, I could take the property for two years,” Trump said. He recognized the many benefits of real estate, including leverage and tax advantages, but pointed out his important inconvenience: “Real estate are not liquid.”
This is where Trump sees Bitcoin as a revolutionary alternative. “What better coverage for the real estate sector than something that is instantly liquid?” asked.
Bitcoin as a transportable and accessible asset
Trump spoke about Bitcoin’s portability compared to real estate. “I can’t take the Trump tower on streets 57 and 5 and transfer it to London, Singapore or the United Arab Emirates if those markets are better. But Bitcoin is transportable, it is digital, ”he said.
He also praised Bitcoin for eliminating intermediaries and reducing costs. “There are no runners, nor bankers, nor lawyers, nor title companies, nor intermediaries,” he said. Unlike real estate, Bitcoin does not entail any risk of physical damage due to fires, floods or natural disasters.
democratize investment opportunities
Beyond its technical advantages, Trump highlighted Bitcoin’s role in democratization of access to wealth generation opportunities. While real estate investments often require substantial capital and experience, Bitcoin provides an entry point for those who perhaps do not have significant resources.
“Building or buying a house is out of the reach of 99% of people,” Trump said. “They cannot leave and build a 70 or 80 -story building on Fifth New York Avenue. The entrance costs are too high. ” Bitcoin, however, offers an asset that is not only accessible but has historically generated higher yields than most real estate investments.
Trump emphasized Bitcoin’s potential to empower people in developing countries. “Bitcoin gives people who would not otherwise have the opportunity to invest, to succeed, perhaps to be lucky and transform their lives,” he said.
Eric Trump’s perspective on Bitcoin as coverage for real estate investors complements the ongoing conversation about how Bitcoin could remodel the way to housing property, especially for younger generations outside the traditional real estate markets. In an earlier article from Bitcoin magazine, I explored how Bitcoin serves as the final savings tool, offering a tangible path to achieve the dream of owning a home in a panorama where housing prices seem increasingly unattainable. Could a single Bitcoin buy a house in the near future? like him Bitcoin Pro magazine tweet It suggests, the answer could surprise us, since Bitcoin continues to transform both personal finances and global markets.
In 8 years:
🏡 Average price 🇺🇸 of housing in #Btc = -99% 🥇
2016: 664 BTC
2024: 4.8 BTC💵 Average price 🇺🇸 of housing in $ USD = +50% 😱
2016: $ 288,000
2024: $ 434,000could 1 #Bitcoin Buy the house of your dreams in 2028? 👀 pic.twitter.com/op4Nfrhuhg
– Bitcoin Pro Magazine (@bitcoinmagpro) November 14, 2024
“Don’t be wrong: it’s the future”
As a defender of long -term investment strategies, Trump confidently expressed his belief in the future of Bitcoin. “Don’t be wrong: it’s the future,” he said. “People who adopt it early will succeed. Those who do not, as I said before, will be left behind. ”
Trump’s ideas are aligned with the growing recognition of Bitcoin’s potential as coverage against traditional assets, offering investors liquidity, accessibility and global versatility. For real estate and others, Bitcoin can represent not only coverage, but a cornerstone of the future financial panorama.
This interview underlines the growing interest in Bitcoin between influential figures, highlighting its evolution of a speculative asset to a vital component of modern investment portfolios.
Look at the live broadcast of day 2 of the Bitcoin Mena 2024 conference. With leading figures of the Bitcoin industry in the Middle East, North Africa and around the world, Bitcoin Mena is promoting the next chapter of Bitcoin’s global adoption!
