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.
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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.
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