Eric Trump takes victory lap 5 months after telling everyone to buy ETH
Main Idea
Eric Trump highlights a 30% unrealized gain for investors who bought ETH following his February 4 recommendation, amid a broader discussion on ETH's price performance and the Trump family's crypto ties.
Key Points
1. Investors who bought ETH after Eric Trump's February 4 post have an unrealized gain of 30%, despite a price drop earlier this year.
2. ETH is currently trading at $3,732, up from around $2,877 on February 4, though it fell nearly 49% in the four weeks following Trump's post.
3. Analyst Gert van Lagen predicts ETH could reach $8,000 by early 2026, comparing its current structure to the Dow Jones in 1980.
4. Trump Media and Technology Group, which owns Truth Social, has raised $2.5 billion as part of its Bitcoin strategy and plans further investments.
5. Donald Trump Jr. and Eric Trump are among the founders of American Bitcoin and co-founders of World Liberty Financial.
Description
Investors who bought ETH when Eric Trump made his Feb. 4 post are sitting on an unrealized gain of 30% despite a drawdown earlier this year.
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