Eric Trump, son of the US President Donald Trump, once again highlighted cryptocurrencies, noting that it's a great time to buy Bitcoin. His post led to a slight increase in the cryptocurrency's price.
Bitcoin Rises After Eric Trump's Comments
Shortly after Eric Trump's post, Bitcoin's price rose from $96,900 to over $98,000. This 24-hour change was less than 1%, but it didn't recover losses of over 6% on the weekly timeframe. Trump's statement about Bitcoin followed his comment on Ethereum (ETH) being a good addition to a crypto portfolio, which caused the altcoin's price to rise by 6%.
World Liberty Financial's Cryptocurrency Activity
World Liberty Financial, the Trump family's decentralized finance project, has been actively acquiring Ethereum. Recently, two significant $10 million transactions were completed. Some analysts speculate that following Eric Trump's statement, the company might begin acquiring BTC.
Strategy for Potential Bitcoin Growth
For those planning to participate in potential Bitcoin growth, it's crucial to choose the right tools for storing and managing digital assets. However, each decision should be based on personal evaluation and market analysis.
Eric Trump's comments once again drew attention to Bitcoin, causing a slight price increase. This confirms the impact of public statements on the cryptocurrency market and underscores the importance of staying informed for making investment decisions.
