Eric Trump: Bitcoin is the Strongest Asset, Surpassing Traditional Assets as a Safe Haven Choice

BlockBeats News, November 14th. According to Ming Pao, Eric Trump, the son of U.S. President Trump, stated in an interview that Bitcoin has become the strongest asset of this era. Compared to traditional hard assets such as real estate, he believes Bitcoin has the upper hand.

Eric Trump believes that Bitcoin has advantages such as 24/7 trading and low fees that traditional hard assets cannot match. He thinks that whether it is to hedge against inflation, corruption, or the chaos of global monetary policy, Bitcoin can be a crucial option for investors seeking refuge.

Donald Trump Jr. and Eric Trump, the two sons of President Trump, hold shares in the Bitcoin mining company American Bitcoin. When asked why American Bitcoin can mine at extremely low cost, Eric Trump mentioned that the main reason is the recent decline in U.S. energy prices. The company operates in western Texas, taking advantage of the extremely low local electricity costs to mine Bitcoin 24 hours a day, at a cost of about half of the market price. He also pointed out that mining with local energy sources within the U.S. is the foundation of a company's global competitiveness.