Eric Trump recently suggested a long-term holding strategy for crypto assets, specifically Bitcoin (BTC) and Ethereum (ETH). Despite his positive views, data indicates that his tweets are not beneficial for day traders looking for quick profits. Following a market bounce where the total crypto market cap surged 11%, it quickly fell back down, signaling that short-term gains may not align with Trump’s longer-term perspective. His previous tweets regarding ETH and BTC did not yield profitable outcomes for speculators; Ethereum dropped over 25% after he suggested it was a good time to invest, while Bitcoin fell by 14.5% after he expressed similar sentiments. Moreover, on March 3, he shifted his stance to advocate for a long-term holding strategy, aligning his advice with market fluctuations. This suggests that traders interested in short-term gains should carefully consider the implications of following his advice blindly.

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