PANews reported on December 11 that according to Bitcoin Magazine, Trump's second son Eric Trump shared his views on Bitcoin during an introductory interview at the "Bitcoin Middle East and North Africa Conference" in Abu Dhabi. Eric Trump emphasized the transformative potential of Bitcoin, comparing it to real estate (the cornerstone of his family business), while emphasizing the unique advantages of Bitcoin as a hedging tool for traditional investors.
Eric Trump explained his family's deep connection to real estate, saying he had "walked on construction sites all his life," but he recognized the limitations of physical assets, such as poor liquidity and the 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 it, it may take me two years to sell it," Eric Trump noted. He acknowledged that real estate has many benefits, including leverage and tax advantages, but also pointed out its significant disadvantage: real estate has poor liquidity. Trump sees Bitcoin as a revolutionary alternative. He asked: "What is a better real estate hedge than instant liquidity?"
In addition to the technological advantages, Eric Trump also emphasized the role of Bitcoin in democratizing wealth accumulation opportunities. While real estate investment usually requires a lot of capital and expertise, Bitcoin provides an entry point for those who may not have a lot of resources. Eric Trump said: "99% of people can't build or buy a house. They can't build a 70 or 80-story building on Fifth Avenue in New York. The cost of entry is too high." However, Bitcoin is not only an easily accessible asset, but also has historically returned higher returns than most real estate investments.
Earlier news came out that Eric Trump predicted that Bitcoin will reach $1 million.
