In recent days, the cryptocurrency market has experienced significant fluctuations, leading Eric Trump to speak up again, urging investors to consider buying Bitcoin and Ethereum.
Current State of the Cryptocurrency Market
The cryptocurrency market has faced a serious sell-off, with Bitcoin dropping below $113,000, reaching $112,724. Ethereum has also lost about 5%, falling to $3,460. Data analysis indicates that there is active selling, particularly from ETFs.
Eric Trump's View on Bitcoin and Ethereum's Future
Eric Trump, serving as a Web3 ambassador for World Liberty Finance, expressed confidence in Bitcoin and Ethereum, linking his predictions to macroeconomic trends. He claims that the global money supply expansion should justify Ethereum's fair value being above $8,000.
Comparison with Previous Investment Advice
Trump previously advised investors to buy into Bitcoin amid the asset's downturn, which preceded a subsequent 15% price increase. His reliance on macroeconomic factors and the development of his project American Bitcoin with mining firm Hut 8 further underscores his strategy.
Eric Trump continues to recommend Bitcoin and Ethereum as potential investment assets even amid market instability, citing economic changes and his strategies.
