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
04 Aug

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 urged everyone to "₿uy the dips," like he did back in February. 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.

Why 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 Beginning

But 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.

Trade Bitcoin, Ethereum, and More Instantly — No Wallets, No Hassle

Speculate on price movements, claim up to $200 in bonuses, and start with risk-free paper trading with crypto futures on Plus500.

Disclosure: 82% of retail CFD accounts lose money

He reposted the February advice after the market began to rally, as if to show that he had been vindicated.

Trump 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: 

  • Arthur Hayes Expects Bitcoin’s Pullback To $100,000, Ethereum To Test $3,000 On Trump Tariffs-Induced Headwinds

Image via Imagn

BTCGrayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest
$50.631.16%

Stock Score Locked: Edge Members Only

Benzinga Rankings give you vital metrics on any stock – anytime.

Unlock Rankings
Edge Rankings
Momentum
90.41
Price Trend
Short
Medium
Long
Overview
$BTCBitcoin - United States dollar
$114510.250.26%
$ETHEthereum - United States dollar
$3556.321.70%
$374.032.02%
Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10