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

ChainCatcher News, according to a report by Ming Pao, Eric Trump, son of U.S. President Trump, stated in an interview with "Yahoo Finance Invest" that bitcoin has become the strongest asset of this era. Compared to traditional hard assets such as real estate, he believes bitcoin has greater advantages.

Eric Trump believes that bitcoin has advantages such as 24-hour trading and low fees, which traditional hard assets cannot match. He thinks that whether it is to hedge against inflation, corruption, or global monetary policy chaos, bitcoin can become 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 said the main reason is the decline in U.S. energy prices in recent years. The company operates in West Texas, taking advantage of the extremely low local electricity costs to mine bitcoin 24 hours a day, with costs about half of the market price. He also pointed out that mining with domestic energy within the United States is the foundation of the company's global competitiveness.