- Eric Trump shares insights on Bitcoin’s potential at the Bitcoin MENA conference
- He highlights Bitcoin’s liquidity and compares it to real estate investments
- Eric predicts Bitcoin could reach $1 million per coin and emphasizes its role as a deflationary asset
A major player expected to play a significant role in the future Donald Trump administration, Eric Trump just shared his insight on what he thinks about the potential of Bitcoin.
During this year’s Bitcoin MENA conference that took place in Abu Dhabi this week, the President-Elect’s son compared the benefits of Bitcoin investment when compared to real estate in an interview with Bitcoin Magazine.
More About Eric Trump Statements
According to Trump, Bitcoin offers some counterbalances against real estate investments while also sharing the same benefits of being reliable and tangible investments.
A key factor in Eric Trump’s point of view is the fact that Bitcoin becomes instantly liquid—meaning that BTC is an asset capable of instantly gaining value and being ready to sell in a day’s notice.
“Listen, we’re a real estate family, it’s what we love and what we know and we know it better than anybody,” Trump said. “But, if you want to talk about an edge against real estate, think about something that’s immediately liquid, and that is what cryptocurrency is.”
Eric later compared how building and reselling a hotel is a process that could take up to 7 years to sell, a drastic difference from Bitcoin’s rapid transaction capabilities.
Later during the event, Eric Trump spoke about how he predicts BTC to one day reach the mark of $1 million per coin, emphasizing Bitcoin’s ability to serve as a deflationary store of value asset, protecting the public’s interest as a hedge against inflation.
Earlier this year, Eric and his brother Donald Trump Jr. took a major pro-crypto turn, investing in a new crypto endeavor named “World Liberty Finance”, a DeFi platform that promises to “make finance great again” by empowering Americans to access stablecoins.
Conclusion
It is still unclear what role will Eric play in his father’s administration. However, with the announcement of a new “Crypto Czar”, a new chair at the SEC, and several pro-crypto influential actors around Donald Trump—the upcoming presidency is expected to be heavily influenced by cryptocurrency policies and initiatives.
