Eric Trump warns investors: "Don't bet against Bitcoin and Ethereum" | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The recent surge of Bitcoin and Ethereum not only shook investors but also prompted a reaction from Eric Trump, who took the opportunity to warn traders against betting on a market downturn. Over the last 24 hours, BTC has once again risen above the $120,000 mark, while ETH reached $4,330, a peak not seen since 2021. This rise has dealt a significant blow to short sellers, especially in Ethereum, where liquidations reached hundreds of millions of dollars.

Stop playing against Bitcoin and Ethereum

The price movement over the past day has given Eric Trump a reason to emphasize the strengthening bullish sentiment around the two largest cryptocurrencies. The Trump family has been actively involved in discussions about the crypto market throughout the current cycle.

Speaking on social media, Eric Trump wrote:

“I am pleased to see how shorts on ETH are burning today. Stop betting against BTC and ETH – you will just be swept away.”

With these words, he clearly indicated that he considers bearish positions against top cryptocurrencies to be a risky bet in light of recent price movements.

His comment came against the backdrop of a strong rise in Ethereum, which resulted in the liquidation of more than $212 million in short positions, according to Coinglass. Bitcoin’s breakthrough above the resistance level of $120,000 put additional pressure on sellers, indicating that the momentum has shifted to the bulls.

Highlighting the successes of Bitcoin and Ethereum, Eric Trump not only pointed out the defeat of the bears but also hinted that the upward trend is far from over.

The Trump family expands its presence in the cryptocurrency sector

According to media reports, World Liberty Financial is currently attracting large technology and crypto investors with the aim of raising $1.5 billion to create a public company that will hold WLFI tokens.

In addition, the company has entered the cryptocurrency mining sector through the American Bitcoin project and has partnered with Hut 8 to create what they refer to as a strategic Bitcoin reserve. According to Bloomberg, Eric Trump’s stake in American Bitcoin could reach $367 million after the company goes public in the coming weeks.

On the regulatory front, President Trump recently signed an executive order allowing the use of cryptocurrencies in 401(k) retirement plans. This is a step that could significantly accelerate the widespread adoption of digital assets.

As of the time of writing, Bitcoin is trading at $121,670, and Ethereum at around $4,280.

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