TLDR
Eric Trump’s recent Bitcoin endorsement on X caused a brief price surge to $98,000, though the impact was modest compared to his earlier Ethereum tweet
His February 4th Ethereum endorsement coincided with a 35% price rebound from $2,300 to $2,900 within 18 hours
Trump holds multiple cryptocurrencies including Bitcoin, Ethereum, Solana, and Sui, and has predicted Bitcoin could reach $1 million
World Liberty Financial, associated with the Trump family, has moved most of its crypto holdings to Coinbase, with portfolio value dropping 90% to $34 million
The endorsements come amid market uncertainty following President Trump’s tariff announcement, which triggered a broad market sell-off
Eric Trump has made another notable entrance into cryptocurrency markets, endorsing Bitcoin on social media platform X on February 6, 2025. His post, stating “Feels like a great time to enter #BTC!” briefly pushed Bitcoin prices above $98,000 before settling around $97,650, representing a modest 0.4% hourly gain.
This latest endorsement follows a pattern of cryptocurrency commentary from the president’s son, who has previously expressed bullish views on multiple digital assets. The Bitcoin endorsement, however, had less market impact than his recent Ethereum commentary, which coincided with a major market reversal.
Feels like a great time to enter #BTC! 🚀 @worldlibertyfi
— Eric Trump (@EricTrump) February 6, 2025
On February 4, amid a market-wide downturn triggered by President Donald Trump’s tariff announcement, Eric Trump posted “It’s a great time to add ETH.” At the time, Ethereum had experienced a 37% decline from its January 31 peak, marking one of its steepest drops in recent months.
Following Eric Trump’s Ethereum endorsement, the cryptocurrency staged a remarkable recovery. Within 18 hours, Ethereum’s price surged by more than 35%, climbing from approximately $2,300 to over $2,900. The price has since stabilized around $2,830 as of February 6.
Trump’s involvement in cryptocurrency markets extends beyond social media commentary. In a December interview with Benzinga, he disclosed holding positions in multiple cryptocurrencies, including Bitcoin, Ethereum, Solana, and Sui, expressing strong confidence in the crypto sector’s future.
During his keynote speech at the Bitcoin MENA conference in Abu Dhabi, Trump made bold predictions about Bitcoin’s future, suggesting it could reach $1 million. He characterized Bitcoin as a revolutionary financial paradigm with the potential to reshape the global economy.
World Liberty Financial, an entity associated with the Trump family, has also been active in cryptocurrency markets. The organization built up substantial crypto holdings, purchasing over $70 million worth of assets before Trump’s inauguration, bringing their total crypto portfolio to $325 million.
Recent developments show World Liberty Financial making major moves in the crypto space. The project has transferred most of its cryptocurrency holdings to Coinbase, including large amounts of ETH and WBTC, according to data from Arkham Intelligence.
The value of World Liberty’s crypto portfolio has decreased substantially, falling more than 90% to approximately $34 million. This decline reflects broader market movements and portfolio restructuring decisions.
Bitcoin’s current market position differs notably from Ethereum’s situation at the time of Trump’s previous endorsement. While his Ethereum tweet aligned with extreme oversold conditions and a market bottom, Bitcoin has been trading near record highs, limiting the potential for a dramatic turnaround.
The cryptocurrency markets continue to face uncertainty amid broader economic concerns, particularly following President Trump’s recent tariff announcement. Bitcoin has experienced a 7% decline over the past week, according to CoinGecko data, and has struggled to maintain prices above $100,000.
World Liberty Financial’s portfolio includes various crypto assets beyond Bitcoin, such as ETH, TRX, and LINK. The organization’s investment strategy and portfolio management have drawn attention from market observers and cryptocurrency enthusiasts.
The timing of Eric Trump’s cryptocurrency endorsements has coincided with periods of market volatility. His Bitcoin commentary comes during a period of economic uncertainty, while his Ethereum endorsement aligned with a major market reversal.
Market participants have noted the varying impact of Trump’s cryptocurrency commentary. While his Ethereum endorsement coincided with a dramatic price recovery, the Bitcoin endorsement’s market effect has been more modest.
The cryptocurrency markets continue to monitor both direct price impacts and broader implications of high-profile endorsements and institutional movements in the space. Trump’s latest Bitcoin endorsement adds another chapter to the ongoing narrative of public figures engaging with cryptocurrency markets.
