Bitcoin Surges Towards $98K After Eric Trump's Bold BTC Investment Statement

Bitcoin Nears $98K as Eric Trump Advocates for BTC Investment

Bitcoin (BTC) has risen above $98,000 during Thursday's Asian trading hours, following a significant statement from Eric Trump, son of U.S. President Donald Trump. He encouraged the family-backed crypto platform to invest in bitcoin (BTC).

"[It] feels like a great time to enter BTC, @worldlibertyfi," Eric Trump posted on X at 1:41 UTC. His remarks triggered a price surge, with BTC climbing from $96,900 to $97,830. The micro CME futures even surpassed the $98,000 mark, according to data from TradingView.

Earlier this week, Trump's AI and crypto czar, David Sacks, indicated that the Trump administration is considering the feasibility of a strategic bitcoin reserve. This news disappointed many crypto investors who were hoping for swift action on Bitcoin's institutional adoption.

Eric Trump's post on X.