Bitcoin (BTC) surpassed $98,000 in Asian trading hours after Eric Trump, son of former President Donald Trump, shared his enthusiasm for investing in BTC. He stated on social media that it seemed like a great time to enter the Bitcoin Market, causing an immediate rise in prices from around $96,900 to over $97,000. This surge was further reflected in micro CME futures, which also climbed above the $98,000 mark. Earlier, David Sacks, the Trump administration’s AI and crypto advisor, mentioned that they are considering the possibility of establishing a strategic Bitcoin reserve, although this news left some crypto investors feeling disappointed about the speed of progress.
Bitcoin Hits $98,000 Amid Trump Family Support
Bitcoin (BTC) has surged past the $98,000 mark during the Asian trading session on Thursday. This rise follows a tweet from Eric Trump, son of former U.S. President Donald Trump, who suggested that their family-backed cryptocurrency platform should invest in Bitcoin.
In his tweet, Eric Trump expressed enthusiasm, saying it feels like “a great time to enter BTC.” This post came at 1:41 UTC, and right after it, the price of Bitcoin jumped from $96,900 to $97,830. According to TradingView data, micro CME futures even surpassed the $98,000 level.
Earlier in the week, David Sacks, the Trump administration’s AI and crypto adviser, mentioned that the administration is exploring the possibility of a strategic Bitcoin reserve. However, this statement led to disappointment among crypto investors hoping for a quick decision.
Overall, Eric Trump’s encouragement and the ongoing discussions about Bitcoin reserves indicate a growing interest and serious consideration of cryptocurrency within influential political circles in the United States.
Keywords: Bitcoin, Eric Trump, cryptocurrency, strategic reserve
Secondary keywords: Bitcoin price rise, family-backed crypto platform, Trump administration cryptocurrency
What is Bitcoin’s current price trend?
Bitcoin’s price is moving upward, getting closer to $98,000. This increase comes after Eric Trump mentioned it’s a good time to invest in Bitcoin.
Why does Eric Trump’s statement matter?
Eric Trump’s support for Bitcoin suggests that well-known figures are backing it. This can create more interest and trust in Bitcoin, potentially driving the price higher.
Is it a good time to invest in Bitcoin?
Many people think now is a great time to enter Bitcoin due to its rising price. However, it’s always smart to do your own research and consider your financial situation before investing.
What factors influence Bitcoin’s price?
Several things can affect Bitcoin’s price, including Market demand, investor sentiment, news, and statements from influential people. Events like regulations and technological changes also play a role.
How can I buy Bitcoin?
You can buy Bitcoin through online exchanges. Simply create an account, deposit some money, and you can trade for Bitcoin. Remember to keep your Bitcoin secure in a wallet.
