In a move sent via the encryption community, Eric Trump took over to X today to express a bullish position on Bitcoin. “It looks like a great time to enter BTC!
It looks like a great time to enter #BTC!
WorldLIPERTYFI
Erictrump February 6, 2025
A bullish sign for bitcoin or noise?
Michael Celor, former CEO of strategy (Microstrategy), was among the first to respond: There is no time ₿Tter “Eric Weiss, CEO of Bitcoin Investment Group, echoing similar feelings: It is always a great time to buy Bitcoin.”
However, not all reactions were clear to approval. BYZANTINE GENERAL (byzgeneral) Display It takes more than the paradox: “People keep one day’s opinion and become Maxi BTC.” Meanwhile, Joe Konsorti, the head of growth on them, Mockery: “It took it only 3 days to listen.”
Konsorti notes to Eric Trump’s post just three days ago, on February 3, when he announced it was “a great time to add ETH. This suspension was followed by a noticeable stumbling block at ETHEREUM – from about $ 2,300 to more than 2900 dollars within 24 hours.
However, the market analysts indicated that the Ethereum gathering was part of the broader encryption market after its decrease in the proposed definitions, which temporarily suspended President Donald Trump. There is no direct evidence linking Eric Trump’s statement to the high prices of ETAREUM.
Now that Eric Trump has investigated Bitcoin, speculation is spread. Some traders wonder if he has visions that go beyond general knowledge, while others indicate that it may be another transient support. So far, there have been no explicit justifications for Eric Trump explaining his transformation in the situation.
Earlier this week, David Sachs – which was done by President Donald Trump as artificial intelligence and Crypto CZAR – confirmed that the White House is exploring the strategic Bitcoin reserve activity. “One of the things that the president ordered to do is assess the idea of strategic bitcoin reserves. This is one of the first things that we will look at as part of the administration’s internal work group: Bitcoin Reserve,” Sachs said at a press conference.
It is worth noting that Eric Trump has never been ashamed to express the great predictions of the largest encrypted currency in the world. During the keynote speech at the Bitco Mena Conference earlier this year, he remembered that Bitcoin reached Bitcoin to $ 100,000 and added: “I can tell you that a lot of eyes were open when Bitcoin reached $ 100,000. I can tell you that there is a lot of eyes that will be open When Bitcoin reaches a million dollars.
Then he doubled this expectation with a personal condemnation: “I am sure that it will reach one million dollars, and I think we are all confident in this room that it will reach one million dollars.”
What is the next BTC price?
According to a report issued by Axios in January, President Donald Trump himself was said to have talked about the goal of Bitcoin with a value of $ 150,000 at the beginning of his presidency, regarding the encrypted currency as “another market for securities.”
Yesterday, Treasury Secretary, Scott Beesen, addressed concerns about the administration’s cash priorities. Instead of focusing on the standard prices of the Federal Reserve, Pesinte stated that the president’s view of the long -term borrowing costs: “I and I focus on the treasury for 10 years.” Call to the Federal Reserve to reduce interest rates. “
Treasury revenue for 10 years is a pivotal for both traditional markets and encryption. Low returns usually stimulate borrowing and investment, thus encouraging risks. Many analysts believe that this is a huge bullish sign of the BTC price.
While Eric Trump’s support again shone the spotlight on Bitcoin, the reasons behind his sudden enthusiasm are still far -reaching. The market, which is affected by the interest rate and speculation strategies on potential Federal Crystration reserves, may be a pivotal ups in the boss.
At the time of the press, BTC was traded at $ 98,137.
Distinctive image from YouTube, Chart from TradingView.com
The post ‘Great Time To Enter Bitcoin,’ Says Eric Trump – Is He Right? first appeared on Investorempires.com.