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Eric Trump: Bitcoin is the strongest asset, surpassing traditional assets as a safe-haven choice.

bitcoin news Market Analysis

2025-11-14 04:21:55

BTC4.64%

According to ChainCatcher news, in an interview with "Yahoo Finance Invest," Eric Trump, the son of U.S. President Trump, stated that Bitcoin has become the strongest asset of this era. He believes that Bitcoin has advantages over traditional hard assets like real estate. Eric Trump pointed out that Bitcoin offers benefits such as 24-hour trading and low fees, which traditional hard assets cannot match. He believes that whether it is to counter inflation, fight corruption, or deal with the chaos of global monetary policy, Bitcoin can be an important option for investors seeking a safe haven. When asked why the Bitcoin mining company American Bitcoin, owned by Trump’s two sons, Donald Trump Jr. and Eric Trump, can mine at extremely low costs, Eric Trump indicated that the main reason is the decline in energy prices in the U.S. in recent years. The company operates in West Texas, taking advantage of the extremely low electricity costs there, mining Bitcoin 24 hours a day at a cost of about half the market price. He also mentioned that mining with local energy in the U.S. is the foundation of the company's global competitiveness.

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