Eric Trump, the son of the current U.S. President Donald Trump, has urged investors to buy Bitcoin during the market downturn. In a post on X, he replaced the letter “B” in the word “Buy” with the $BTC ticker.
“Volatility is a gift for those who believe,” responded Michael Saylor, founder of Strategy (formerly MicroStrategy).
Some users hinted that, amid the prolonged market correction, they simply no longer had the funds to increase their positions.
Over the past 24 hours, Bitcoin has dropped by 7.5%. The asset is trading around $86,900, according to CoinGecko. The dominance index of digital gold in the cryptocurrency market has reached 60%. The last time such a high value was observed was in March 2021. Notably, on February 4, Eric Trump recommended buying $ETH following a major correction. At the time of writing, the Trump family’s company, World Liberty Financial (WLFI), holds $71.40 million in cryptocurrency.
