My crypto people! 🚀 Is Eric Trump giving us investment advice? Hang on because this is getting good, but beware, not everything that glitters is digital gold!
The Bitcoin (BTC) move is on fire and Eric Trump's words resonated strongly: "buy when it drops". And just when he says it, boom! Bitcoin plummets below $117,000, falling 3.76% in three days. Coincidence? Or does the man know something?
Now, if we're honest, the month of August is not Bitcoin's best friend. Historically, in 60% of the last 12 Augusts, BTC has been in the red. It's like the hangover after the July party. 🥴
But here comes the key data: in 2013, 2017, and 2021, August was a winning month for Bitcoin with double-digit gains! What do those years have in common? They were post-halving years! Those cycles where the issuance of BTC is halved and there are fewer new coins in the market. Less supply, more demand... the perfect formula! 📈
So, will this August 2025, also a post-halving year, continue that upward trend? The truth is that Eric Trump's predictions about crypto are like a toss-up: sometimes he hits, sometimes he doesn't. For example, in February, his tweet coincided with a 6.6% drop in BTC, but that drop didn't last long and the coin reversed badly, losing $77,000 in a week! 📉
Moreover, not everything is sweetness and light. BTC ETFs have had their worst quarterly exits, losing about $800 million. And the global macroeconomic situation is heavy: tariffs everywhere, pressure on employment, and the Federal Reserve not giving clear signals. All of this discourages investors from taking risks.
So, with $120,000 as a possible local peak and the global economy on a tightrope, Eric Trump's recommendation to "buy on dips" sounds like a very risky bet, especially in an August that looks complicated! The lesson here is clear: not everything a celebrity says is gospel, especially in the volatile crypto world! Always research and think with a cool head! 🧠💰$BTC $ETH $BNB
