Bitcoin price rises after Ibn Trump’s hint to investment

Bitcoin (BTC-UsdIt continued its upward path during the Asian trading hours on Thursday, as it climbed from the lowest local level of about 96,000 dollars (77,000 pounds) to a little more than 98,000 dollars. The increase was followed by a post on social media from Eric Trump, which hints to a possible allocation in Bitcoin.

Eric Trump, son of US President Donald Trump, expressed his support for Bitcoin in a post at X at 1:41 UTC, saying: “It looks like a great time to enter Bitcoin.”

The decentralized financial platform associated with Trump, the world, Liberty Financial, has also linked its position.

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Trump’s formulation was somewhat mysterious, making it unclear whether his call to “enter” in Bitcoin was just an investment advice or a suggestion that the encrypted currency can play a role in the world financial freedom – or even in the wider national management strategy.

Erik Trump recently supported Ethereum (eth-wedOn Monday, “In my opinion, it’s time to add $ ETH.” for him Coded Supports have since sparked social media speculation, especially on X.com.

Some users claim that he sold the ether after his statement, while others indicate that the wallet associated with World Liberty Financial was simply conducting routine reclassifications for funds within the platform digital assets.

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ETHEREUM rose by 3 % to $ 2,842 on Thursday, according to Coingecko Data.

At a joint press conference in Washington on Tuesday, David Sachs, the newly appointed advisor in artificial intelligence and cryptocurrency, identified the US government’s approach to digital assets.

The leaders of the banking and financial committees in the House of Representatives and the Finance Council joined the SEC representatives, to discuss their initial goals of the encryption policy.

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“I look forward to working with each of you to create a golden era in digital assets,” Sachs said.

When asked about the potential role of Crypto in the financial strategy of the United States government, Sacks said that the internal working group was evaluating the feasibility of bitcoin in national reserves.

However, he explained that this is still an exploratory effort, not an immediate political guidance.

“We are still waiting for some cabinet secretaries to confirm the working group,” Sachs said. “But as soon as it is in place, one of our first steps is to assess the feasibility of the Bitcoin Reserve.”

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