Eric Trump, executive vice president of the Trump Organization and son of United States President-elect Donald Trump, recently shared his perspective on Bitcoin during an exclusive backstage interview with business-to-business correspondent Frank Corva for Bitcoin Magazine. Bitcoin MENA 2024 Conference. Trump highlighted bitcoin’s transformative potential, comparing it to real estate, the basis of his family’s business, while stressing its unique advantages as a hedge for traditional investors.
Just in: 🇺🇸 Eric Trump explains why #Bitcoin A better investment than real estate. pic.twitter.com/YRUJhIhSNT
— Bitcoin Magazine (@bitcoinmagazine) December 10, 2024
From Real Estate to Bitcoin
As a self-proclaimed “brick-and-mortar guy,” Trump explained his family’s deep connection to real estate. Describing the concrete nature of real estate and its energy, he said, “I’ve spent my whole life walking around construction sites. Still, he recognized the limitations of physical assets, such as their liquidity and global markets. Inability to adapt to shifts.
“If I own a hotel, I can spend five years building it, and if I want to sell that hotel, it can take me two years to sell the property,” Trump noted. He acknowledged the many advantages of real estate, including leverage and tax advantages, but pointed to its significant drawback: “Real estate is redundant.”
This is where Trump sees Bitcoin as a revolutionary alternative. “What’s better for real estate than something that’s instantly liquid?” he asked.
Bitcoin as a transferable and accessible asset
Trump elaborated on the portability of Bitcoin compared to real estate. “I can’t take Trump Tower to 57th and 5th and move it to London, Singapore or the UAE if those markets are better. But bitcoin is transportable — it’s digital,” he said.
He also praised Bitcoin for eliminating middlemen and reducing costs. “There are no brokers, no bankers, no lawyers, no title companies, no middlemen,” he said. Unlike real estate, Bitcoin has no risk of physical damage from fires, floods, or natural disasters.
Democratization of investment opportunities
Beyond its technological advantages, Trump highlighted bitcoin’s role in democratizing access to wealth-building opportunities. While real estate investments often require considerable capital and expertise, Bitcoin provides an entry point for those without significant resources.
“Building or buying a home is out of reach for 99% of people,” Trump said. “They can’t go out and build a 70- or 80-story building on Fifth Avenue in New York. The cost of entry is too high.” Bitcoin, however, offers an asset that is not only accessible but historic. Typically provides higher returns than most real estate investments.
Trump emphasized Bitcoin’s potential to empower people in developing countries. “Bitcoin gives people who don’t have the opportunity to invest, be successful, maybe get lucky and change their lives,” he said.
Eric Trump’s view on bitcoin as a hedge for real estate investors complements the ongoing conversation about how bitcoin could reshape the path to home ownership, particularly for younger generations priced out of traditional housing markets. for In the past one Bitcoin magazine articleI explored how Bitcoin serves as the ultimate savings tool, offering a tangible path to achieving the dream of home ownership in a landscape where housing prices feel increasingly unattainable. Can a single bitcoin buy a house in the near future? as Bitcoin Magazine Pro Tweet suggests, the answer may surprise us, as Bitcoin continues to transform both personal finance and global markets.
In 8 years:
🏡 Moderate 🇺🇸 Home Price #BTC = -99% 🥇
2016: 664 BTC
2024: 4.8 BTC💵 In the median 🇺🇸 house price $USD = +50% 😱
2016: $288K
2024: $434KCan 1 #Bitcoin Buy your dream home in 2028? 👀 pic.twitter.com/Op4NfrHUhG
— Bitcoin Magazine Pro (@bitcoinmagpro) November 14, 2024
“Make no mistake: this is the future”
As a proponent of long-term investment strategies, Trump confidently stated his belief in the future of Bitcoin. “Make no mistake: this is the future,” he declared. “Those who adopt it early are going to be successful. Those who don’t want to, like I said before, are left behind.
Trump’s insights coincide with growing recognition of bitcoin’s potential as a hedge against traditional assets, offering investors liquidity, accessibility, and global diversification. For real estate investors and others, Bitcoin may not just be a hedge, but a cornerstone of the future financial landscape.
This interview reflects the growing interest in Bitcoin among influential figures, highlighting its evolution from a speculative asset to an important part of the modern investment portfolio.
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