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

According to Ming Pao, Eric Trump, the son of U.S. President Donald Trump, stated in an interview with "Yahoo Finance Invest" that Bitcoin has become the strongest asset of this era, and he believes it has advantages over traditional hard assets like real estate.

Eric Trump believes that Bitcoin offers advantages such as 24-hour trading and low fees, which traditional hard assets cannot match. He thinks that whether it's to hedge against inflation, combat corruption, or counter the chaos of global monetary policies, Bitcoin can serve as an important option for investors seeking safety.

When asked why American Bitcoin, the Bitcoin mining company owned by Donald Trump Jr. and Eric Trump, can mine at such low costs, Eric Trump stated 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 to mine Bitcoin 24 hours a day, with costs being about half of the market price. He also pointed out that mining with domestic energy in the U.S. is the foundation of a company's global competitiveness.