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

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According to a report by Ming Pao on November 14, 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. He believes that Bitcoin has advantages over traditional hard assets like real estate.

Eric Trump believes that Bitcoin has advantages such as 24-hour trading and low fees, which traditional hard assets cannot match. He believes that whether it's to hedge against inflation, counter corruption, or resist the chaos of global monetary policy, Bitcoin can become an important option for investors seeking safe havens.

Trump's two sons, Donald Trump Jr. and Eric Trump, own the Bitcoin mining company American Bitcoin. When asked why American Bitcoin can mine at such a low cost, Eric Trump stated that the main reason is the recent decline in energy prices in the United States. The company operates in West Texas, taking advantage of the extremely low electricity costs in the area, mining Bitcoin 24 hours a day, with costs being about half of the market price. He also pointed out that mining with local energy in the United States is the foundation of a company's global competitiveness.

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