Eric #TRUMP on what Fed rate cut means for crypto 🚀
Eric Trump believes a potential Federal Reserve rate cut could send cryptocurrency prices soaring. He shared with Yahoo Finance that such a move could trigger a dramatic surge, especially in the fourth quarter due to crypto's seasonal patterns. Trump's mining company, American Bitcoin (ABTC), recently made its Nasdaq debut after merging with Gryphon Digital Mining. He noted that lower borrowing costs could encourage investors to take on riskier ventures like crypto.
A rate cut would likely reduce the appeal of traditional, low-risk assets like bonds, pushing investors toward more speculative options such as stocks and bitcoin (BTC-USD). Historically, when the Fed cuts rates, crypto often sees a rally, although it's not always straightforward. While the short-term effects may be positive, a rate cut could also signal economic weakness, which might drag on more volatile assets like crypto.
Trump also pointed out that former crypto skeptics are becoming believers, especially large wealth management firms. He mentioned a friend who once dismissed bitcoin but now encourages clients to invest in it. “These people are falling, and they're falling quickly,” Trump said, predicting a massive shift towards crypto.
The Trump family has strong ties to the crypto world—Eric co-founded American Bitcoin, and President Trump has supported pro-crypto policies like the GENIUS Act. They’ve also integrated crypto into their businesses, accepting donations, offering payments on Truth Social, and even launching meme coins from both Donald Trump and Melania Trump.
Bitcoin has gained 24% this year and more than 92% in the past 12 months, fueled by positive regulatory moves. Eric sees the digital asset space as essential, saying, “I view it as crypto versus the banks” and calling bitcoin “digital gold” for the modern age.
👉 Follow me for more latest updates and insights 👍
Thankyou 🙏