Eric Trump, Executive Vice President of the Trump Organization and son of US President-elect Donald Trump, recently shared his perspective on Bitcoin in an exclusive backstage interview with Frank Corva, business-to-business correspondent for Bitcoin Magazine, in Bitcoin MENA 2024 conference. Trump highlighted Bitcoin’s transformative potential by comparing it to real estate, the cornerstone of the family business, while emphasizing its unique benefits as a hedge for traditional investors.
JUST IN: 🇺🇸 Eric Trump explains why #Bitcoin is a better investment than real estate. pic.twitter.com/YRUJhIhSNT
— Bitcoin Magazine (@BitcoinMagazine) December 10, 2024
From real estate to Bitcoin
A self-described “bricks-and-mortar guy,” Trump explained his family’s deep connection to real estate. “I’ve spent my whole life walking through construction sites,” he said, describing the tangibility of real estate and its energy. Still, he recognized the limitations of physical assets, such as their illiquidity and 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, it could 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 out its significant disadvantage: “Real estate is illiquid.”
Here Trump sees Bitcoin as a revolutionary alternative. “What would be a better hedge for real estate than something that is immediately liquid?” he asked.
Bitcoin as a transportable and accessible asset
Trump elaborated on the portability of Bitcoin compared to real estate. “I can’t take Trump Tower at 57th and 5th Street and move it to London, Singapore or the United Arab Emirates if those markets happen to be 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 technical advantages, Trump emphasized Bitcoin’s role in democratizing access to wealth creation opportunities. While real estate investing often requires significant capital and expertise, Bitcoin provides an entry point for those who may not have significant resources.
“Building or buying a home is out of reach for 99% of people,” Trump said. “You 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.” However, Bitcoin offers an asset that is not only accessible but has historically delivered higher returns than most real estate investments.
Trump emphasized Bitcoin’s potential to empower people in developing countries. “Bitcoin gives people who otherwise wouldn’t have a chance to invest, succeed, maybe get lucky and change their lives,” he said.
Eric Trump’s view of Bitcoin as a hedge for real estate investors adds to the ongoing discussion about how Bitcoin could reshape the path to homeownership, particularly for younger generations priced out of traditional real estate markets. In an earlier one Article in Bitcoin MagazineI examined how Bitcoin serves as the ultimate savings tool, offering a concrete path to realizing the dream of homeownership in a landscape where real estate prices seem increasingly unattainable. Could a single Bitcoin buy a house in the near future? Than that Bitcoin Magazine Pro tweet suggests that the answer may surprise us as Bitcoin continues to transform both personal finance and global markets.
In 8 years:
🏡 Median 🇺🇸 house price in #BTC = -99% 🥇
2016: 664 BTC
2024: 4.8 BTC💵 Median 🇺🇸 house price in $USD = +50% 😱
2016: $288,000
2024: $434,000Could 1 #Bitcoin Will you buy your dream home in 2028? 👀 pic.twitter.com/Op4NfrHUhG
— Bitcoin Magazine Pro (@BitcoinMagPro) November 14, 2024
“Make no mistake: it’s the future.”
As a proponent of long-term investment strategies, Trump confidently expressed his belief in the future of Bitcoin. “Make no mistake: it is the future,” he explained. “The people who embrace it early will succeed. If you don’t do that, like I said, you’re going to be left behind.”
Trump’s findings are in line with growing recognition of Bitcoin’s potential as a hedge against traditional assets, offering investors liquidity, accessibility and global versatility. For real estate investors and others, Bitcoin could represent not just a hedge but a cornerstone of the future financial landscape.
This interview highlights the increasing interest in Bitcoin among influential figures and illustrates its evolution from a speculative asset to an important part of modern investment portfolios.
Watch the live stream for the second day of the Bitcoin MENA 2024 conference. With Bitcoin industry leaders from the Middle East, North Africa and around the world, Bitcoin MENA is driving the next chapter of global Bitcoin adoption!
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