Following in Trump Sr.'s Footsteps
Eric Trump, the son of former U.S. President Donald Trump, has clearly adopted his father’s business style, where manipulation, profit-driven decisions, and disregard for the interests of ordinary people play a key role. The controversial events surrounding his activities in the cryptocurrency market have raised many questions within the crypto community, especially regarding possible manipulations and insider trading.
Market Manipulation?
Eric Trump actively shares trading recommendations on the X platform, urging his followers to invest in cryptocurrency. For example, on February 25, 2025, he recommended buying digital assets. Then, on February 2, his father, Donald Trump, unexpectedly announced the creation of a national cryptocurrency reserve, causing Bitcoin’s ($BTC ) price to surge by $10,000 and sparking interest in other cryptocurrencies mentioned in Eric’s post.
However, Trump Sr.'s post lacked real substance. Creating a cryptocurrency reserve is a complex process requiring legislative approval and multiple regulatory alignments. Additionally, the inclusion of altcoins in such a reserve raises doubts due to their volatility. Interestingly, Bitcoin ($BTC ) and Ethereum ($ETH ) were only mentioned in Trump's second post, further highlighting the lack of serious preparation for this project. This raises multiple questions: How will the reserve actually work? Will it even be approved?
Ultimately, the announcement appeared to be more of a market manipulation attempt—taking advantage of the hype to profit from a short-term price surge.
Insider Trading?
The biggest concern for investors is whether Eric Trump knew about his father’s plans in advance. Given the circumstances, this seems more like a rhetorical question. If he was indeed aware, his posts may have been manipulative, aiming to profit from an artificially induced price spike.
After the market correction on March 3, 2025, Eric once again addressed his followers, urging them to hold their crypto assets long-term. However, shortly after his tweet, Bitcoin began to decline again, fueling suspicions that this was all part of a pre-planned scheme.
Criticism from Experts
Renowned economist and crypto skeptic Peter Schiff, president of Euro Pacific Capital, openly accused Eric Trump of market manipulation. He criticized Eric’s recent tweet in which he praised his father’s "brilliant" idea of a cryptocurrency reserve.
According to Schiff, this statement was part of a strategy designed to maximize market influence during periods of low liquidity. In a typical "pump and dump" scheme, the initiators of artificial price increases cash out their profits, leaving small investors with losses.
Numerous complaints have surfaced online from users who lost money following Eric Trump’s advice. Many now doubt the sincerity of his intentions, suspecting that his primary goal was personal financial gain.
The Market Is a Game Where Retail Investors Often Lose
These events once again confirm that for the Trump administration, money is more important than public interest or the development of the crypto industry. Eric Trump continues to play his game, but it is crucial to remember that his actions are driven not by concern for people but by personal profit motives.
The biggest mistake many traders make is trusting the words of public figures. They hand over control of their money to those who pursue their interests, often failing to realize that they are merely pawns in a game played by larger market players.
It is essential to fact-check, research independently, and conduct thorough analyses before making any decisions. In the world of financial markets, easy and quick money is often an illusion. Manipulation, bold statements, and hype-driven forecasts are simply tools used by those who profit from the trust of others.
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