In early February 2025, Eric Trump, son of the U.S. President, publicly advised investors to consider purchasing the cryptocurrencies Ethereum and Bitcoin. At that time, the price of Ethereum fluctuated between $2700 and $2900, while Bitcoin was priced between $96,000 and $97,000. However, shortly after his statement, both assets experienced a significant decline, prompting a wave of criticism directed at Trump.
This is reported by Finway
Cryptocurrency Price Dynamics Following Trump’s Advice
As of early March 2025, one month after the recommendations, investors who heeded Trump’s advice could observe substantial losses: the return on investments in Ethereum was approximately -29%, while in Bitcoin it was around -6.5%. However, the situation changed dramatically in the second half of July when both assets demonstrated a market rally.
On July 22, Eric Trump published a new post on social media platform X, addressing his opponents and emphasizing that his advice ultimately proved to be successful. According to Trump, investments in Ethereum could have yielded a 35% return over the five months since his recommendation.
“In the end, I was right: over five months, investments in Ethereum (ETH) could have brought a 35% profit”.
As of July 22, the actual return on investments in Ethereum was 27% based on an average price of $2900, while Bitcoin yielded 22.6% from an average price of $96,842. Notably, Ethereum reached a level of $3800 this week, although it did not maintain that mark. At the time of preparing this material, ETH was trading at $3686.
Bitcoin Situation and Trump’s Previous Statements
Bitcoin is currently trading slightly below $119,000. This trend has provided investors who acted on Eric Trump’s advice from February 6 with a return of 22.6% by the end of July.
It is worth noting that earlier, Eric Trump had already spoken at the TOKEN2049 conference about the advantages of cryptocurrency assets over traditional financial instruments, highlighting their potential for investors.