Eric Trump Advises To Buy Bitcoin, Ethereum Dips — Last Time He Said This, The Two Coins Fell To Their Yearly Lows In Barely 45 Days

Benzinga

2025/08/04

Eric Trump, the executive vice president of The Trump Organization, is at it again, advising investors to accumulate Bitcoin BTC/USD and Ethereum ETH/USD amid the market's pullback.What happened: Eric...

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The advice comes in the wake of a sharp contraction that has seen Bitcoin and Ethereum fall 3.56% and 8.81%, respectively, over the last week.\n\nWhy It Matters: Curiously, the two coins fell significantly when Trump last posted the message on X. While Bitcoin dropped as much as 16% in the 45 days following the suggestion, Ether lost more than 41% of its value. Of course, this had a lot to do with his father, President Donald Trump, whose sweeping 「Liberation Day」 tariffs sent the broader risk-on markets into a tailspin.See Also: Happy 10th Birthday Ethereum! Why Its Strongest July Ever Could Be Just The BeginningBut Trump had the last laugh following the market's resurgence. Bitcoin went on to cross $123,000 in a record-breaking run and Ether nearly broke $4,000.Get StartedTrade Bitcoin, Ethereum, and More Instantly — No Wallets, No HassleSpeculate on price movements, claim up to $200 in bonuses, and start with risk-free paper trading with crypto futures on Plus500.\nGet StartedDisclosure: 82% of retail CFD accounts lose moneyHe reposted the February advice after the market began to rally, as if to show that he had been vindicated.\n\nTrump has been a strong backer of Bitcoin and Ether.  World Liberty Financial, a Trump family-backed cryptocurrency venture, where he is listed as a co-founder, has seen its ETH investment balloon to nearly $262 million, leading to a paper profit of $6.65 million.Regarding Bitcoin, he stated in a May conference that the top cryptocurrency would surpass $170,000.Price Action: At the time of writing, BTC was exchanging hands at $114,440.16, up 0.71% in the last 24 hours, according to data from Benzinga Pro. ETH was trading at $3,544, up 2.51%. Loading...Loading...Read Next: \nArthur Hayes Expects Bitcoin’s Pullback To $100,000, Ethereum To Test $3,000 On Trump Tariffs-Induced Headwinds\nImage via ImagnBTCGrayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest$50.631.16%Stock Score Locked: Edge Members OnlyBenzinga Rankings give you vital metrics on any stock – anytime.Unlock RankingsEdge RankingsMomentum90.41Price TrendShortMediumLongOverview$BTCBitcoin - United States dollar$114510.250.26%$ETHEthereum - United States dollar$3556.321.70%MSTRStrategy$374.032.02%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. 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