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 Frank Corva, Business-to-Business Correspondent for Bitcoin Magazine, at the Bitcoin MENA 2024 Conference<\/a>. Trump highlighted Bitcoin\u2019s transformative potential, comparing it to real estate, the cornerstone of his family\u2019s business, while emphasizing its unique advantages as a hedge for traditional investors.<\/p>\n JUST IN: \ud83c\uddfa\ud83c\uddf8 Eric Trump explains why #Bitcoin<\/a> is a better investment than real estate. pic.twitter.com\/YRUJhIhSNT<\/a><\/p>\n \u2014 Bitcoin Magazine (@BitcoinMagazine) December 10, 2024<\/a><\/p><\/blockquote>\n As a self-proclaimed \u201cbricks-and-mortar guy,\u201d Trump explained his family\u2019s deep connection to real estate. \u201cI\u2019ve spent my entire life walking through construction sites,\u201d 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.<\/p>\n \u201cIf 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,\u201d Trump noted. He acknowledged the many benefits of real estate, including leverage and tax advantages, but pointed out its significant drawback: \u201cReal estate is illiquid.\u201d<\/p>\n This is where Trump sees Bitcoin as a revolutionary alternative. \u201cWhat\u2019s a better hedge to real estate than something that\u2019s instantaneously liquid?\u201d he asked.<\/p>\n Trump elaborated on Bitcoin\u2019s portability compared to real estate. \u201cI can\u2019t take Trump Tower on 57th and 5th and move it to London, Singapore, or the UAE if those markets happen to be better. But Bitcoin is transportable\u2014it\u2019s digital,\u201d he said.<\/p>\n He also praised Bitcoin for eliminating intermediaries and reducing costs. \u201cThere are no brokers, no bankers, no lawyers, no title companies, no middlemen,\u201d he said. Unlike real estate, Bitcoin carries no risk of physical damage from fires, floods, or natural disasters.<\/p>\n Beyond its technical advantages, Trump highlighted Bitcoin\u2019s role in democratizing access to wealth-building opportunities. While real estate investments often require substantial capital and expertise, Bitcoin provides an entry point for those who might not have significant resources.<\/p>\n \u201cBuilding or buying a house is out of reach for 99% of people,\u201d Trump said. \u201cThey can\u2019t go out and build a 70- or 80-story building on Fifth Avenue in New York. Entry costs are too high.\u201d Bitcoin, however, offers an asset that is not only accessible but has historically delivered higher returns than most real estate investments.<\/p>\n Trump emphasized the potential for Bitcoin to empower people in developing countries. \u201cBitcoin gives people who otherwise wouldn\u2019t have a chance the opportunity to invest, to succeed, to maybe get lucky and transform their lives,\u201d he said.<\/p>\n Eric Trump\u2019s perspective on Bitcoin as a hedge for real estate investors complements 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 Bitcoin Magazine article<\/a>, I explored how Bitcoin serves as the ultimate savings tool, offering a tangible pathway to achieving the dream of homeownership in a landscape where housing prices feel increasingly unattainable. Could a single Bitcoin buy a house in the near future? As the Bitcoin Magazine Pro tweet<\/a> suggests, the answer might just surprise us, as Bitcoin continues to transform both personal finance and global markets.<\/p>\n In 8 years: \ud83d\udcb5 Median \ud83c\uddfa\ud83c\uddf8 home price in $USD<\/a> = +50% \ud83d\ude31 Could 1 #Bitcoin<\/a> buy your dream home in 2028? \ud83d\udc40 pic.twitter.com\/Op4NfrHUhG<\/a><\/p>\n\n
From Real Estate to Bitcoin<\/h4>\n
Bitcoin as a Transportable and Accessible Asset<\/h4>\n
Democratizing Investment Opportunities<\/h4>\n
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\ud83c\udfe1 Median \ud83c\uddfa\ud83c\uddf8 home price in #BTC<\/a> = -99% \ud83e\udd47
2016: 664 BTC
2024: 4.8 BTC <\/p>\n
2016: $288K
2024: $434K<\/p>\n