Eric Trump Backs Bitcoin Again: What He Advices Investors
Date: 2025-03-04 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
Eric Trump has spoken out about Bitcoin again, confirming his position voiced on February 25, when he recommended buying the cryptocurrency on a decline. Now he advises those who took this advice not to rush to sell and to hold the asset for the long term.
"Always happy to help! Hope my advice was helpful. Now the main thing is to hold the position," he wrote on the X social network in response to a message from a user who thanked him for his recommendations.
On February 25, Trump Jr. published a post on X with the phrase "₿uy the dips!!!", replacing the letter "B" with the Bitcoin symbol. A few days earlier, on February 6, he claimed that it was “the perfect time to get into BTC,” and on February 4, he made similar comments about Ethereum, calling it an attractive buy.
In addition, on March 3, he praised Donald Trump’s decision to announce the creation of a strategic cryptocurrency reserve on Sunday, emphasizing that this move gave an advantage to retail investors.
“It’s a brilliant strategy to make such an announcement on Sunday, when traditional markets are closed and Wall Street is on vacation. For the first time, retail investors are the ones who win. Traditional finance must adapt or it will simply disappear. Today, the world does not live by the old rules, where exchanges are open from Monday to Friday,” he noted.
Eric and his brother Donald hold leadership positions in the crypto project World Liberty Financial (WLF), which is developing a platform for lending using blockchain. Although the service has not yet been launched, wallets associated with it have been actively acquiring various crypto assets for several months.
Last December, Eric Trump explained in detail why his father supports cryptocurrencies. He said that the traditional banking system is outdated and will inevitably give way to digital assets.
As of 18:00 (Moscow time) on March 3, the Bitcoin rate is about $89.6 thousand. During the day, the price rose above $94 thousand, but later there was a correction, and in the last hour the asset lost 4.4% of its value.
