Eric Trump, Executive Vice President of the Trump Organization and son of US President-elect Donald Trump, recently shared his views on Bitcoin during an exclusive backstage interview with Frank Corva, Business-to-Business Correspondent for Bitcoin Magazine, at the Bitcoin MENA 2024 Conference. Trump highlighted Bitcoin’s transformative potential by comparing it to real estate, the cornerstone of the family business, while highlighting its unique benefits as a hedge for traditional investors.

From real estate to Bitcoin

A self-described “real man,” Trump explained his family’s deep connection to real estate. “I’ve walked through construction sites all my life,” he said, describing the tangible nature of real estate and its energy. Yet he recognized the limitations of physical assets, such as their illiquidity and inability to adapt to global market shifts.

“If I have a hotel, I can build it for five years, and if I want to sell that hotel, it can take two years to sell the property,” Trump noted. He acknowledged the many benefits of real estate, including leverage and tax benefits, but pointed out its significant drawback: “Real estate is illiquid.”

This is where Trump sees Bitcoin as a revolutionary alternative. “What better real estate hedge is there 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 move Trump Tower at 57th and 5th to London, Singapore or the UAE if those markets happen to be better. But Bitcoin is transportable – it is digital,” he said.

He also praised Bitcoin for eliminating middlemen and lowering costs. “There are no real estate agents, no bankers, no lawyers, no title companies, no middlemen,” he said. Unlike real estate, Bitcoin is not at risk of physical damage from fires, floods or natural disasters.

Democratization of investment opportunities

In addition to the technical benefits, Trump highlighted Bitcoin’s role in democratizing access to wealth-building opportunities. While real estate investments often require 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. “They can’t go out and build a 70- or 80-story building on Fifth Avenue in New York. The entrance fees are too high.” However, Bitcoin offers an asset that is not only accessible, but has historically delivered higher returns than most real estate investments.

Trump highlighted Bitcoin’s potential to empower people in developing countries. “Bitcoin gives people who otherwise wouldn’t have an opportunity the opportunity to invest, to succeed, to maybe get lucky and transform their lives,” he said.

Eric Trump’s perspective on Bitcoin as a hedge for real estate investors adds to the ongoing conversation about how Bitcoin could reshape the path to homeownership, especially for younger generations priced out of traditional housing markets. In a previous one Bitcoin Magazine articleI explored how Bitcoin serves as the ultimate savings tool and provides a tangible path to realizing the dream of homeownership in a landscape where home prices seem increasingly out of reach. Can a single Bitcoin buy a house in the near future? Like the Bitcoin Magazine Pro tweet suggests the answer might surprise us as Bitcoin continues to transform both personal finance and global markets.

“Make no mistake: it is the future”

A proponent of long-term investment strategies, Trump confidently expressed his belief in Bitcoin’s future. “Make no mistake: it is the future,” he declared. “The people who embrace it early will succeed. Those who don’t will be left behind, as I said before.”

Trump’s insights align 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 can be not just a hedge, but a cornerstone of the future financial landscape.

This interview highlights the growing interest in Bitcoin among influential figures, highlighting its evolution from a speculative asset to an essential part of modern investment portfolios.

Watch the Bitcoin MENA 2024 conference day 2 livestream. Featuring leading Bitcoin industry figures in the Middle East, North Africa and around the world, Bitcoin MENA is driving the next chapter of global Bitcoin adoption!

By newadx4

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