Eric Trump bull-posts Bitcoin amid tariff jitters
Key Takeaways
- Eric Trump expressed bullish sentiments about Bitcoin on social media.
- Trump predicted that Bitcoin could reach $1 million and be adopted by more governments.
Eric Trump reiterated his bullish stance on Bitcoin in a tweet today, stating, “Feels like a great time to enter #BTC.” He also tagged World Liberty Financial, a DeFi project associated with his family.
Eric’s statement comes at a time when Bitcoin is facing headwinds amid tariff-driven economic uncertainty. The flagship crypto asset is currently trading around $97,700, unable to sustain a rally above $100,000, and has seen a 7% decline over the last seven days, per CoinGecko .
It was not the first time the president’s son made bullish statements about Bitcoin. Eric said in a December interview with Benzinga that he was holding Bitcoin, Ethereum, Solana, and Sui.
“I’m very bullish on Bitcoin and I’m bullish on crypto,” he said .
During his keynote speech at the Bitcoin MENA conference in Abu Dhabi later that month, Eric predicted that Bitcoin could reach $1 million, viewing it as a revolutionary financial paradigm that can reshape the global economy.
“Bitcoin is a fundamental shift in the way we think about money, wealth, and the future…It’s a shift in how our companies receive money,” he stated at the event. “The revolution is not coming, it’s already here.”
Eric’s latest Bitcoin bull post comes just a few days after he publicly expressed a bullish view on Ethereum , suggesting it’s a good time to invest in ETH.
To date, World Liberty has not transacted in Bitcoin, but the entity’s portfolio includes various crypto assets like ETH, TRX, and LINK, to name a few.
The team purchased over $70 million worth of crypto assets ahead of Trump’s inauguration. The investment boosted the entity’s cumulative crypto holdings to $325 million.
The project on Tuesday relocated most of its crypto holdings, including a large amount of ETH and WBTC, to Coinbase, according to data from Arkham Intelligence.
World Liberty’s crypto portfolio has shrunk dramatically, falling over 90% to just around $34 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Michael Saylor: After his death, he will donate his shares to a public charity that supports Bitcoin
BTC breaks through $97,500
Two Crypto Projects Offer Blockchain Solutions for Elon Musk’s DOGE
Justin Sun sues billionaire David Geffen over $78.4 million art deal