Eric Trump Urges Crypto Investors to ‘Buy the Dips’ During Weekly Pullback
The call drew fresh conflict-of-interest questions given the family’s roughly $1.5 billion exposure to American Bitcoin alongside Eric Trump’s advisory ties to Metaplanet.
Overview
- Eric Trump posted “Buy the dips!” on X on Sept. 26 as Bitcoin traded near $109,500 and Ethereum hovered around $4,020 over the past week.
- Bitcoin fell more than 6% over seven days and Ethereum declined about 8% during the same period, reflecting a modest market pullback.
- The Trump family’s crypto exposure includes an estimated $1.5 billion stake in American Bitcoin, a mining and accumulation firm that recently listed on Nasdaq.
- Reactions to the post were mixed, with some retail buying interest contrasted by analyst warnings about elevated short‑term volatility from high‑profile endorsements.
- Skepticism draws on precedent, including Eric Trump’s February push on Ethereum that was followed by a roughly 35% drop before a later recovery, while lawmakers such as Sen. Elizabeth Warren question potential conflicts.