Get ready for some exciting news in the crypto world! Bitcoin, the original cryptocurrency, is making waves again, and a prominent figure has just given it a major boost.

Eric Trump's Bullish Stance: Eric Trump, son of the 45th President, has publicly expressed his support for Bitcoin, suggesting that now is an ideal time to increase holdings. He hinted at recent acquisitions through World Liberty Financial, a DeFi protocol, stating,

ā€œInterestingly, his post caught the attention of Michael Saylor, MicroStrategyā€™s chairman. Saylor, known for his strong Bitcoin advocacy, responded with a statement reinforcing confidence in the asset. ā€œNo ā‚æetter Time,ā€ he remarked.ā€

Bitcoin Bounces Back: Following these endorsements, Bitcoin has shown renewed vigor, pushing past the $99,000 mark. While it remains below the coveted $100,000 threshold, this surge signals positive momentum. At press time, Bitcoin traded at $98,980, up by 1% in the past 24 hours but down by 6.68% over the past week.

A Crypto Powerhouse Partnership? Earlier this month, Michael Saylor met with Eric Trump at Mar-a-Lago, sparking speculation about potential collaborations in the cryptocurrency space. While the specifics of their discussions remain undisclosed, it's clear that Bitcoin was a central topic.

Ethereum Also in the Spotlight: Eric Trump has also voiced his support for Ethereum, another leading cryptocurrency. He recently suggested that it was a good time to invest in ETH. In my opinion, itā€™s a great time to add $ETH. World Liberty Financial (WLFI) continues accumulating Ethereum, anticipating a potential price increase and moving the tokens for operational purposes. This endorsement, however, has drawn some criticism from staunch Bitcoin supporters.

Strategic Bitcoin Reserve on the Table? David Sacks, an advisor known for his involvement in AI and crypto policies, has confirmed ongoing discussions about establishing a strategic Bitcoin reserve. While still in the exploratory phase, this initiative could have significant implications for the future of Bitcoin. Sacks previously voiced support for regulatory measures, endorsing an executive order on cryptocurrency. The directive establishes clear regulatory definitions and reinforces the U.S. dollarā€™s dominance through stablecoin integration. The initiative aligns with a proposal by the Bitcoin Policy Institute, which advocates for incorporating Bitcoin into the U.S. financial system through the Treasuryā€™s Exchange Stabilization Fund.

Disclaimer: This post is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are inherently risky, and you should conduct your own research and consult with a qualified financial advisor before making any investment decisions.