Eric Trump Says It’s a ‘Great Time’ to Buy Bitcoin After His ETH Call Sent Prices Soaring
Eric Trump’s Ethereum tweet lined up with one of the biggest reversals in months. Now, he’s turning to Bitcoin—does this call mean anything?
Eric Trump’s latest comment on Bitcoin (BTC) has sparked chatter, though its immediate market impact appears to be limited.
On Feb. 6, he took to X, posting, “Feels like a great time to enter #BTC!” The remark briefly pushed Bitcoin past $98,000 before settling back to around $97,650, reflecting only a modest 0.4% hourly gain at the time of writing.
Feels like a great time to enter #BTC! 🚀 @worldlibertyfi
— Eric Trump (@EricTrump) February 6, 2025
The reaction stands in contrast to what happened just days earlier when Eric Trump’s tweet on Ethereum (ETH) coincided with a dramatic market turnaround.
On Feb. 1, Ethereum was already struggling after President Donald Trump’s tariff announcement triggered a market-wide sell-off. By Feb. 3, Ethereum had cratered, plunging 37 percent from its recent high on Jan. 31, marking one of its sharpest drops in recent history.
Read more: Ethereum’s rebound looks strong, but can it hold? The 2025 outlook
Then came Eric Trump’s Feb. 4 post: “It’s a great time to add ETH.”
In my opinion, it’s a great time to add $ETH.
— Eric Trump (@EricTrump) February 3, 2025
Within 18 hours of hitting its lowest point, Ethereum had rebounded over 35%, rocketing from around $2,300 to over $2,900 in under a day. Ethereum has since stabilized, trading around $2,830 as of Feb. 6.
While correlation does not imply causation, the rapid price swings following his previous tweet have led some traders to pay closer attention to his market calls.
Bitcoin, which has seen a strong rally in recent months, remains in an entirely different market structure than Ethereum at the time of Eric Trump’s comments. While his Ethereum tweet coincided with a market bottom and extreme oversold conditions, Bitcoin has been trading near record highs, leaving less room for a sudden turnaround.
Traders looking for history to repeat itself may have to wait a little longer to see if this tweet carries the same kind of weight.
Read more: Altcoins are starving as Bitcoin dominance nears multi-year highs — Can altseason still happen?
I took a leap of faith and invested my hard-earned money and tuition fees into the $TRUMP meme coin, believing it was a golden opportunity. What followed was a financial nightmare I hope no one else experiences.
🔸 Launched on January 17, 2025, $TRUMP skyrocketed, hitting a peak market cap of $14.5 billion. The hype was unreal, with even President Donald Trump endorsing it on Truth Social. But the excitement didn’t last.
🔻 In just two weeks, the coin lost two-thirds of its value, and the entities behind it made $100 million in trading fees—mostly from small traders like me. Despite promotions, nothing could stop the decline.
📉 External shocks like Trump’s new tariff announcements on Canada, Mexico, and China hit the crypto market hard, dragging down prices—including his own coin.
This has been a brutal lesson on the risks of meme coins. The volatility is real, and without thorough research, you could lose everything. Don’t let the hype fool you—invest wisely.
A president who made a campaign promise to regulate the crypto market, three days after his inauguration, launches a token. Not to prolong the conversation is pathetic. #TRUMP #Binance #criptonews #Corruption 🙄🙄🙄
Brazil 🇧🇷👉 from 14.01.25 onwards⌛⏳🤨🧐😲😲🤯🤯🤯..... The Numbers That Don't Stop Rising.. 🚀🚀🚀🚀🚀 If You Calculate By Country It's Even More Impressive...🗺️🌐 Where A Single POST Is Capable Of Reaching Views....🧐🤨😲📉 I Won't Even Address Broken Records...🤯 🔥If You Know Captaincy These Numbers Will Cause Unprecedented Damage... You Can Bet On It.🌡️🔥🌋 #Biticoin
I still don't understand certain terms, can you explain more?
XANOO
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I was thinking about selling, but given your argument, I'm going to hold on.
Ualifi Araújo
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Bullish
IS IT TIME TO SELL?
Many people have been asking me: "Is it time to sell my Cryptocurrencies?"
The answer is: The bull market still has a lot of room to continue growing, but it is important to remember that each investor has their own strategy and objective, so it is essential that each one takes their own action to hold or sell.
I personally am not selling and will not sell in the short term because it does not make any sense (according to my Strategy adopted in past markets).
So there are important points for YOU to reflect on before selling:
What is your objective? To take profits now because you need the money or will you move it to other better assets to maintain your position thinking about the long term?
Does your strategy include partial sales or are you looking for the highest peak?
Are you comfortable with the volatility and risks that are yet to come?
The market is never obvious when we are moving closer to the maximum high (the most profitable months), so you must take this into consideration when drawing up your Strategy.
Therefore, decisions to buy or sell should be based on YOUR planning, and not on what others are doing. After all, we have no way of knowing what prices you are at in that currency, how much profit you have already made, and even less so your goal in the medium or long term. Making it impossible to say whether or not you should keep your currencies, ONLY you are able to answer what your goal is.
Final thought: Stop looking at the market as a short-term game and start seeing it as a way to build wealth in the long term. Your choices today will define your future results, so if you keep wanting to sell every little profit you make, even knowing that we still have a long way to go, then you will fail miserably.
I repeat; I WILL NOT SELL any currency in the short term, but review your strategy and stay focused on your goal.