Eric Trump States Bitcoin Is the Ultimate Hedge for Real Estate Investors

Eric Trump States Bitcoin Is the Ultimate Hedge for Real Estate Investors

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Eric Trump, executive vice president of the Trump Organization and son of US 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 Bitcoin MENA Conference 2024. Trump highlighted the transformative potential of Bitcoin, comparing it to real estate, the cornerstone of his family’s business, while highlighting its unique advantages as a hedge for traditional investors.

From real estate to Bitcoin

As a self-proclaimed “brick and mortar guy,” Trump explained his family’s deep connection to real estate. “I’ve spent my whole life walking on construction sites,” he said, describing the tangible nature of real estate and its energy. However, he recognized the limitations of physical assets, such as their illiquidity and inability to adapt to global market changes.

“If I have a hotel, it might take me five years to build it, and if I want to sell it, it might take me two years to sell the property,” Trump noted. He acknowledged the many advantages of real estate, including leverage and tax advantages, but highlighted its significant downside: “Real estate is illiquid.”

This is where Trump sees Bitcoin as a revolutionary alternative. “What is 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 with respect to real estate. “I can’t take Trump Tower at 57th and 5th and move it to London, Singapore or the United Arab Emirates if those markets appear to be better. But Bitcoin is transportable – it is 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 carries no risk of physical damage from fires, floods, or natural disasters.

Democratize investment opportunities

Beyond its technical advantages, Trump highlighted Bitcoin’s role in democratizing access to wealth-building opportunities. While real estate investing often requires significant capital and expertise, Bitcoin provides an entry point for those who may not have significant assets.

“Building or buying a home is out of reach for 99% of people,” Trump said. “They can’t build a 70- or 80-story building on Fifth Avenue in New York. Entry costs are too high.” Bitcoin, however, offers an asset that is not only accessible but has historically offered higher returns than most real estate investments.

Trump highlighted Bitcoin’s potential to empower people in developing countries. “Bitcoin gives people who otherwise would have no chance, the opportunity to invest, to be successful, to maybe get lucky and transform their lives,” he said.

Eric Trump’s 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 excluded from traditional real estate markets. In a previous article in Bitcoin Magazine, I explored how Bitcoin serves as the ultimate savings tool, offering a tangible path to realizing the dream of owning a home in a landscape where home prices seem increasingly unattainable. Could a single Bitcoin buy a house in the near future? Like the Tweet by Bitcoin Magazine Pro suggests, the answer may surprise us, as Bitcoin continues to transform both personal finance and global markets.

“Make no mistake: it’s the future”

As a proponent of long-term investment strategies, Trump confidently stated his confidence in Bitcoin’s future. “Make no mistake: It’s the future,” he said. “People who embrace it will soon succeed. Those who don’t, as I said before, will be left behind.”

Trump’s insights are in line with the 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 growing interest in Bitcoin among influential figures, highlighting its evolution from a speculative asset to a vital component of modern investment portfolios.

Watch the live stream of the second day of the Bitcoin MENA 2024 conference. With leading Bitcoin industry figures in the Middle East, North Africa and around the world, Bitcoin MENA is spurring the next chapter of global Bitcoin adoption!

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