The Trump family's DeFi project smashed $10 million to buy ETH, the second son: BTC is a better investment than real estate

The Trump family's Decentralized Finance project World Liberty Financial's multi-signature address spent $12 million in just nine hours today to buy ETH, LINK, AAVE and other cryptocurrencies, indicating a strong favor for ETH, while Trump's second son and current executive vice president of Trump Group Eric Trump said on Tuesday. BTC is a better investment than real estate. (Synopsis: Full text of Trump's speech) I recognize Cryptocurrency!) Why did World Liberty FInancial issue coinWLFI) (background added: Trump's encryption project World Liberty Financial will be Ethereum's savior? Lending, issuance$WLFI backed by SEC regulation) According to Lookonchain monitoring, the Trump family's Decentralized Finance project World Liberty Financial Multi-Signature Address, in just nine hours today, spent $12 million to buy ETH, LINK, AAVE and other cryptocurrencies, the specific amount is as follows: Spend 10 million USDC, at an average price of $3,801, buying 2,631 ETH costs 1 million USDC, at an average price of $24.2, buying 41,335 LINKS costs 1 million USDC, at an average price of $297.8, buying 3,357 AAVE Trump's World Liberty(@worldlibertyfi) is buying $ETH, $LINK and $AAVE! In the past 9 hours, the World Liberty Multisig wallet spent 10M $USDC to buy 2,631 $ETH at $3,801, 1M $USDC to buy 41,335 $LINK at $24.2, and 1M $USDC to buy 3,357 $AAVE at $297.8. pic.twitter.com/B11KvcwRJQ — Lookonchain (@lookonchain) December 12, 2024 World Liberty Financial was officially launched in September this year, offering an encryption lending service on Ethereum and issuance a non-transferable WLFI token, when official documents state that DT Marks DEFI LLC, a Delaware company founded by the Trump family, will receive 75% of the proceeds from the sale of the WLFI Token and will be able to manage its finances at its discretion. Arkham data shows that World Liberty Financial Multisig Address currently holds $74.9 million in cryptocurrency, and the largest holdings are ETH, with a total of 14,575.6 coins worth $57.31 million, which seems to indicate the Trump family's strong favor for ETH. Andrew Kang, a partner at Mechanism Capital, tweeted that in the past, it was thought that ETH and ETH/BTC Exchange Rate pairs were overhyped before the launch of the Ethereum spot ETF, but with Trump using WLFI proceeds to buy ETH, and SEC and CFTC chairmen who support Ethereum/Decentralized Finance being nominated, plus ETHE The sell-down pressure and ETF hype has dissipated, and Ethereum doesn't look so bad anymore. Meanwhile, Eric Trump, Trump's second son and now executive vice president of Trump Group, was interviewed by Bitcoin Magazine at the BTC Middle East and North Africa (Bitcoin MENA) conference in Abu Dhabi on Tuesday, saying that BTC is a better investment than real estate. JUST IN: Eric Trump explains why #Bitcoin is a better investment than real estate. pic.twitter.com/YRUJhIhSNT — Bitcoin Magazine (@BitcoinMagazine) December 10, 2024 Eric Trump explained that the Trump family started with real estate, which is a business that the Trump family loves, and the Trump family knows real estate better than anyone, but if it comes to the hedging means of real estate, it is BTC. The advantage of BTC is that it can be monetized immediately: if I want to build a hotel, it may take five years, if I want to sell this hotel, it may take two years, real estate has many benefits, such as leverage, tax incentives, etc., but the liquidity of real estate is poor. Given the lack of liquidity in real estate, Eric Trump pointed out that if London were the better market, it would be very difficult to move the Trump Tower in New York to London, compared to BTC that can be easily transported, it is digital, there are no additional costs, there are no brokers, bankers, lawyers, title companies, no middleman, no risk of fire, flood, tornado or hurricane: It's a very beautiful thing, I think, Cryptocurrency is undoubtedly the future, and I truly believe that those who embrace it early will succeed, while those who don't, will be sold behind. Related reports Trump Family Decentralized Finance Project World Liberty 9/16 Online: Throw off outdated banks and embrace Cryptocurrency The Trump family's Decentralized Finance project explodes tokens "70% for insiders", online ridicule: World Liberty is a joke Trump will push the "high-yield Decentralized Finance platform." 」？ World Liberty Financial will make the United States the global capital of encryption "The Trump family's Decentralized Finance project spent $10 million to buy ETH, second son: BTC is a better investment than real estate" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".