Bitcoin

Eric Trump States Bitcoin Is the Ultimate Hedge for Real Estate Investors

Published

2 weeks ago

December 11, 2024

Eric Trump, Executive Vice President of the Trump Organization and son of United States President-elect Donald Trump, recently shared his perspective on Bitcoin during an exclusive backstage interview with Frank Corva, Business-to-Business Correspondent for Bitcoin Magazine, at the Bitcoin MENA 2024 Conference. Trump highlighted Bitcoin’s transformative potential, comparing it to real estate, the cornerstone of his family’s business, while emphasizing its unique advantages as a hedge for traditional investors.

JUST IN: 🇺🇸 Eric Trump explains why #Bitcoin is a better investment than real estate. pic.twitter.com/YRUJhIhSNT
— Bitcoin Magazine (@BitcoinMagazine) December 10, 2024

From Real Estate to Bitcoin

As a self-proclaimed “bricks-and-mortar guy,” Trump explained his family’s deep connection to real estate. “I’ve spent my entire life walking through construction sites,” he said, describing the tangible nature of real estate and its energy. Yet, he recognized the limitations of physical assets, such as their illiquidity and inability to adapt to global market shifts.

“If I have a hotel, I can spend five years building it, and if I want to sell that hotel, it could take me two years to sell the property,” Trump noted. He acknowledged the many benefits of real estate, including leverage and tax advantages, but pointed out its significant drawback: “Real estate is illiquid.”

This is where Trump sees Bitcoin as a revolutionary alternative. “What’s a better hedge to real estate than something that’s instantaneously liquid?” he asked.

Bitcoin as a Transportable and Accessible Asset

Trump elaborated on Bitcoin’s portability compared to real estate. “I can’t take Trump Tower on 57th and 5th and move it to London, Singapore, or the UAE if those markets happen to be better. But Bitcoin is transportable—it’s digital,” he said.

He also praised Bitcoin for eliminating intermediaries and reducing costs. “There are no brokers, no bankers, no lawyers, no title companies, no middlemen,” he said. Unlike real estate, Bitcoin carries no risk of physical damage from fires, floods, or natural disasters.

Democratizing Investment Opportunities

Beyond its technical advantages, Trump highlighted Bitcoin’s role in democratizing access to wealth-building opportunities. While real estate investments often require substantial capital and expertise, Bitcoin provides an entry point for those who might not have significant resources.

“Building or buying a house is out of reach for 99% of people,” Trump said. “They can’t go out and build a 70- or 80-story building on Fifth Avenue in New York. Entry costs are too high.” Bitcoin, however, offers an asset that is not only accessible but has historically delivered higher returns than most real estate investments.

Trump emphasized the potential for Bitcoin to empower people in developing countries. “Bitcoin gives people who otherwise wouldn’t have a chance the opportunity to invest, to succeed, to maybe get lucky and transform their lives,” he said.

Eric Trump’s perspective on Bitcoin as a hedge for real estate investors complements the ongoing conversation about how Bitcoin could reshape the path to homeownership, especially for younger generations priced out of traditional housing markets. In a previous Bitcoin Magazine article, I explored how Bitcoin serves as the ultimate savings tool, offering a tangible pathway to achieving the dream of homeownership in a landscape where housing prices feel increasingly unattainable. Could a single Bitcoin buy a house in the near future? As the Bitcoin Magazine Pro tweet suggests, the answer might just surprise us, as Bitcoin continues to transform both personal finance and global markets.

In 8 years:
🏡 Median 🇺🇸 home price in #BTC = -99% 🥇
2016: 664 BTC
2024: 4.8 BTC
💵 Median 🇺🇸 home price in $USD = +50% 😱
2016: $288K
2024: $434K
Could 1 #Bitcoin buy your dream home in 2028? 👀 pic.twitter.com/Op4NfrHUhG
— Bitcoin Magazine Pro (@BitcoinMagPro) November 14, 2024

“Make No Mistake: It’s the Future”

As a proponent of long-term investment strategies, Trump confidently stated his belief in Bitcoin’s future. “Make no mistake: it’s the future,” he declared. “The people who embrace it early are going to succeed. Those who don’t will, as I said before, get left behind.”

Trump’s insights align with growing recognition of Bitcoin’s potential as a hedge against traditional assets, offering investors liquidity, accessibility, and global versatility. For real estate investors and others, Bitcoin may represent not just a hedge, but a cornerstone of the future financial landscape.

This interview underscores the increasing interest in Bitcoin among influential figures, highlighting its evolution from a speculative asset to a vital component of modern investment portfolios.

Watch the Bitcoin MENA 2024 Conference Day 2 Livestream. Featuring leading Bitcoin industry figures across the Middle East, North Africa, and around the globe Bitcoin MENA is spurring the next chapter of global Bitcoin adoption!

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Bitcoin

Metaplanet makes largest Bitcoin bet, acquires nearly 620 BTC

Published

49 minutes ago

December 23, 2024

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Tokyo-listed Metaplanet has purchased another 9.5 billion yen ($60.6 million) worth of Bitcoin, pushing its holdings to 1,761.98 BTC.

Metaplanet, a publicly traded Japanese company, has acquired 619.7 Bitcoin as part of its crypto treasury strategy, paying an average of 15,330,073 yen per (BTC), with a total investment of 9.5 billion yen.

According to the company’s latest financial disclosure, Metaplanet’s total Bitcoin holdings now stand at 1,761.98 BTC, with an average purchase price of 11,846,002 yen (~$75,628) per Bitcoin. The company has spent 20.872 billion yen in total on Bitcoin acquisitions, the document reads.

The latest purchase is the largest so far for the Tokyo-headquartered company and comes just days after Metaplanet issued its 5th Series of Ordinary Bonds via private placement with EVO FUND, raising 5 billion yen (approximately $32 million).

The proceeds from this issuance, as disclosed earlier, were allocated specifically for purchasing Bitcoin. These bonds, set to mature in June 2025, carry no interest and allow for early redemption under specific conditions.

Metaplanet buys dip

The company also shared updates on its BTC Yield, a metric used to measure the growth of Bitcoin holdings relative to fully diluted shares. From Oct. 1 to Dec. 23, Metaplanet’s BTC Yield surged to 309.82%, up from 41.7% in the previous quarter.

Bitcoin itself has seen strong performance this year, climbing 120% and outperforming assets like the Nasdaq 100 and S&P 500 indices. However, it has recently pulled back from its all-time high of $108,427, trading at $97,000 after the Federal Reserve indicated only two interest rate cuts in 2025.

Despite the retreat, on-chain metrics indicate that Bitcoin is still undervalued based on its Market Value to Realized Value (MVRV-Z) score, which stands at 2.84 — below the threshold of 3.7 that historically signals an asset is overvalued.

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Altcoin Season

End of Altcoin Season? Glassnode Co-Founders Warn Alts in Danger of Lagging Behind After Last Week’s Correction

Published

4 hours ago

December 23, 2024

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The creators of the crypto analytics firm Glassnode are warning that altcoins could lose all bullish momentum following last week’s market correction.

Jan Happel and Yann Allemann, who go by the handle Negentropic on the social media platform X, tell their 63,400 followers that “altcoin season,” which they say began in late November, could come to an abrupt end after alts witnessed deep pullbacks over the last seven days.

According to the Glassnode co-founders, traders and investors will likely have a risk-off approach on altcoins unless Bitcoin recovers a key psychological price point.

“Is This the End of Altcoin Season?

Bitcoin dominance is surging after dipping below $100,000, while altcoins are losing critical supports. Dominance has risen and resumed its upward trend, signaling a stronger BTC environment.

If BTC stabilizes above $100,00, we might see a pump in altcoins now in accumulation zones. Until then, Bitcoin appears poised to lead, leaving altcoins lagging behind.”

The Bitcoin Dominance (BTC.D) chart tracks how much of the total crypto market cap belongs to BTC. In the current state of the market, a surging BTC.D suggests that altcoins are losing value faster than Bitcoin.

At time of writing, BTC.D is hovering at 59%.

Looking at Bitcoin itself, the Glassnode executives say long-term Bitcoin holders are massively unloading their holdings as other investor cohorts pick up the slack.

“The Board Keeps Shifting.

As BTC continues flowing out of exchanges during this dip, long-term holders are exiting forcefully, while short-term holders step in without hesitation.

Whales quietly accumulate, miners remain neutral, and selling pressure has merely reshuffled the board.

New hands are absorbing the sales.”

At time of writing, Bitcoin is worth $97,246.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Altcoins

Bitwise CIO Matt Hougan Predicts Institutional Interest in Altcoins, Says 2025 the Year of Crypto Diversification

Published

20 hours ago

December 22, 2024

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Bitwise CIO Matt Hougan says a wave of institutional interest in altcoins is coming next year, largely due to potential regulatory clarity and more exchange-traded funds (ETFs).

In a new interview with Bloomberg, Hougan says that institutional money is in the early stages of broadening out to other crypto assets besides just Bitcoin (BTC).

Hougan forecasts that 2025 will be the year that institutional investors will begin to incorporate more diversification in their crypto-investing strategies the same way they do in other asset classes like equities or bonds.

“You’re already seeing it broaden out actually. A lot of people were worried about the Ethereum ETFs for instance, which launched this summer and had tepid inflows.

But over the last month or so, you’ve seen billions of dollars flow into those products.

Again, the things that have happened in crypto in the past keep happening. Historically, most people enter crypto through Bitcoin, and then they discover Ethereum, and then they think about Solana. There’s no reason to assume that the institutions that came into Bitcoin won’t move on to other assets in the future.

In fact, I think in 2025, you’re going to see an explosion of interest in index space strategies that give diversified exposure to crypto. Of course, [that is] something we’ve been doing at Bitwise since 2017 when we pioneered that concept. I think 2025 is when that becomes a mainstream way to allocate to this space, the same way it is to stocks and bonds and real estate and everything else.”

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