Eric Trump, son of U.S. 47th President Donald Trump, suggests it’s about the best time to buy more Bitcoin amid ongoing price struggles below $100K.
Bitcoin remains below the $100,000 mark despite recent endorsements from prominent figures, including Eric Trump. The OG crypto experienced a slight increase following his remarks, reclaiming the $99K level.
At press time, Bitcoin traded at $98,980, up by 1% in the past 24 hours but down by 6.68% over the past week.
Eric Trump Bitcoin Buy Signal
In a tweet today, Eric Trump advocated for Bitcoin, calling the current moment an opportune time to add more tokens. Specifically, he hinted at new acquisitions via World Liberty Financial, a DeFi protocol inspired by Donald Trump. In his words,
“Feels like a great time to enter BTC!”
Interestingly, his post caught the attention of Michael Saylor, MicroStrategy’s chairman. Saylor, known for his strong Bitcoin advocacy, responded with a statement reinforcing confidence in the asset. “No ₿etter Time,” he remarked.
Notably, after a 12-week buying streak, MicroStrategy ended its weekly billion-dollar Bitcoin acquisition.
No ₿etter Time 🚀
— Michael Saylor⚡️ (@saylor) February 6, 2025
Early this month, Saylor met with Eric Trump at Mar-a-Lago, Donald Trump’s private estate, fueling speculation about discussions on cryptocurrency. Neither party disclosed specific details, but their posts indicated Bitcoin was a key topic of conversation.
Eric Trump’s Ethereum Endorsement
Meanwhile, Eric Trump has also expressed support for Ethereum in a previous commentary on X. He urged his audience to consider investing in the asset at a time when ETH sold at a historic low last week.
In my opinion, it’s a great time to add $ETH.
— Eric Trump (@EricTrump) February 3, 2025
World Liberty Financial (WLFI) continues accumulating Ethereum, anticipating a potential price increase and moving the tokens for operational purposes.
However, Eric Trump’s Ethereum advocacy drew criticism from Bitcoin proponents. Max Keiser, an advisor to El Salvador’s government, referenced past regulatory concerns, highlighting Ethereum’s previous scrutiny by the U.S. SEC.
Talks on Strategic Bitcoin Reserve
David Sacks, a key advisor in the Trump administration’s AI and crypto policies, confirmed an ongoing evaluation of a potential Bitcoin reserve. He noted that discussions were still exploratory, with no definitive decision or timeline.
Sacks previously voiced support for regulatory measures, endorsing an executive order on cryptocurrency. The directive establishes clear regulatory definitions and reinforces the U.S. dollar’s dominance through stablecoin integration.
The initiative aligns with a proposal by the Bitcoin Policy Institute, which advocates for incorporating Bitcoin into the U.S. financial system through the Treasury’s Exchange Stabilization Fund.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
