TechFlow news, November 14 — According to Ming Pao, Eric Trump, son of U.S. President Donald Trump, said in an interview with Yahoo Finance Invest that Bitcoin has become the strongest asset of this era and holds advantages over traditional hard assets such as real estate.
Eric Trump believes Bitcoin's benefits—such as 24-hour trading and low transaction fees—are unmatched by traditional hard assets. He stated that Bitcoin can serve as a crucial safe-haven investment option for countering inflation, corruption, and global monetary policy instability.
American Bitcoin, a Bitcoin mining company held by Trump’s two sons, Donald Trump Jr. and Eric Trump. When asked why American Bitcoin can mine at extremely low costs, Eric Trump attributed it primarily to declining U.S. energy prices in recent years. The company operates in West Texas, leveraging the region’s very low electricity costs to mine Bitcoin 24 hours a day, at approximately half the market cost. He added that mining within the U.S. using domestic energy sources forms the foundation of a company’s global competitiveness.
