Bitcoin Surges After Eric Trump’s Investment Suggestion
Bitcoin (BTC) experienced a notable surge, climbing above $98,000 during the Asian trading hours on Thursday. This increase was sparked by a tweet from Eric Trump, the son of former U.S. President Donald Trump, who encouraged his family’s crypto platform to consider investing in Bitcoin. In a post shared on X, Eric Trump stated, “It feels like a great time to enter BTC, @worldlibertyfi” at 1:41 UTC. Following his endorsement, BTC prices saw a jump from approximately $96,900 to $97,830.
According to data from TradingView, the micro CME futures even surpassed the $98,000 mark during this trading session. The excitement in the crypto market was palpable, as investors reacted positively to the potential endorsement from the Trump family.
Earlier this week, David Sacks, who serves as the AI and crypto czar for the Trump administration, indicated that the administration is exploring the feasibility of establishing a strategic Bitcoin reserve. However, this revelation left many in the crypto community feeling disappointed, as they had hoped for a more immediate and decisive action regarding Bitcoin investments.
As the cryptocurrency landscape continues to evolve, Eric Trump’s post on X has undoubtedly added a layer of intrigue and speculation about the future direction of Bitcoin and its acceptance among influential figures.
