Eric Trump bull-posts Bitcoin, Ethereum amid tariff jitters
Key Takeaways
- Eric Trump has reiterated his bullish outlook on Bitcoin and Ethereum amid recent tariff-driven market volatility.
- Trump's portfolio includes Bitcoin, Ethereum, Solana, and Sui, and he publicly supports the American Bitcoin mining company.
As crypto markets wobbled amid renewed tariff fears, Eric Trump reaffirmed his support for Bitcoin and Ethereum, encouraging investors to buy during the current market dip.
This wasn’t the first time President Trump’s son voiced confidence in the top two digital assets.
In February, amid tariff-fueled economic uncertainty, he called it a great time to buy Ethereum and Bitcoin. Ethereum went on to drop below $1,400, its lowest point since November 2023.
But with corporate adoption ramping up and market sentiment improving on positive legislative headlines, ETH rebounded sharply, reclaiming $3,900 earlier this week.
The rally has cooled following renewed tariff threats. At press time, Ethereum was trading around $3,500, down 3% over the past 24 hours, while Bitcoin hovered near $113,500, according to CoinGecko.
Trump disclosed in December that he held Bitcoin, Ethereum, Solana, and Sui. The family’s crypto involvement also extends to mining. American Bitcoin, a mining firm backed by him and his brother Donald Trump Jr., reported holding 215 BTC.
World Liberty Financial, a DeFi venture backed by the Trump family, recently acquired 77,226 ETH at an average price of $3,294 per coin, according to Lookonchain. On-chain data suggests the firm may have sold part of its ETH stack at a loss in April.
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.
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