Eric Trump bull-posts Bitcoin amid tariff jitters

Key Takeaways

Eric Trump expressed bullish sentiments about Bitcoin on social media.
Trump predicted that Bitcoin might attain $1 million and be adopted by extra governments.

Eric Trump reiterated his bullish stance on Bitcoin in a tweet at this time, stating, “Seems like a good time to enter #BTC.” He additionally tagged World Liberty Monetary, a DeFi undertaking related together with his household.

Eric’s assertion comes at a time when Bitcoin is going through headwinds amid tariff-driven financial uncertainty. The flagship crypto asset is at the moment buying and selling round $97,700, unable to maintain a rally above $100,000, and has seen a 7% decline during the last seven days, per CoinGecko.

It was not the primary time the president’s son made bullish statements about Bitcoin. Eric stated 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 stated.

Throughout his keynote speech on the Bitcoin MENA convention in Abu Dhabi later that month, Eric predicted that Bitcoin might attain $1 million, viewing it as a revolutionary monetary paradigm that may reshape the worldwide economic system.

“Bitcoin is a elementary shift in the way in which we take into consideration cash, wealth, and the longer term…It’s a shift in how our firms obtain cash,” he acknowledged on the occasion. “The revolution will not be coming, it’s already right here.”

Eric’s newest Bitcoin bull submit comes only a few days after he publicly expressed a bullish view on Ethereum, suggesting it’s time to spend money on ETH.

So far, World Liberty has not transacted in Bitcoin, however the entity’s portfolio contains numerous crypto belongings like ETH, TRX, and LINK, to call just a few.

The staff bought over $70 million value of crypto belongings forward of Trump’s inauguration. The funding boosted the entity’s cumulative crypto holdings to $325 million.

The undertaking on Tuesday relocated most of its crypto holdings, together with a considerable amount of ETH and WBTC, to Coinbase, in response to knowledge from Arkham Intelligence.

World Liberty’s crypto portfolio has shrunk dramatically, falling over 90% to only round $34 million.