《 Bitcoin Mining Company Hut 8 Joins Forces with Trump's Son to Enter BTC 》

Donald Trump's son, Eric Trump, is entering the Bitcoin space and has established a U.S. Bitcoin company in collaboration with Hut 8.

Hut 8 is primarily focused on building the world's largest BTC mining company.

Following the news, Bitcoin surged from 81,000 to 84,000.

With Eric entering the market, it is certain that the Trump family's resources and influence are backing him. His involvement in Bitcoin will undoubtedly attract more mainstream investors and traditional financial institutions.

According to data, after Trump expressed his support for Bitcoin at the 2024 Bitcoin conference, the price of Bitcoin increased by nearly 50% in just a few weeks, with unprecedented attention and investment enthusiasm for cryptocurrencies.

Eric's entry into the market is likely to make more people consider Bitcoin as "reliable," thereby increasing demand for Bitcoin in the market, as their every move is closely watched.

Since taking office, Trump has been eager about the crypto space. Just a day before he took office, he personally launched a coin, leading to a 400-fold increase, earning a profit of 10 billion, and advancing the BTC strategic reserve. Just a few days ago, he issued a stablecoin USD1, and his actions have been non-stop. The crypto space in the second half of this year is still fraught with crisis.

However, from a long-term perspective, the gray areas of Bitcoin and the halving demand have not fundamentally disappeared, so after repeated crashes and reshuffling, it will still slowly recover and adjust.

In this high-risk field, without a solid bottom position or more risk-free cards, blindly going all-in can easily turn one into someone else's investment fodder, so being present at the table is crucial.

What do you think about the second son’s move? Is it capable of reviving the Bitcoin bear market, or is it just another way to harvest investors?