How the Trump regime uses social media to manipulate markets

By: DeThings Team

On February 6, Eric Trump reiterated his bullish stance on Bitcoin in a tweet, saying that "it feels like now is a good time to get into #BTC." He also tagged World Liberty Financial, a DeFi project related to his family.

This is not the first time the president's son has made bullish comments on Bitcoin. In an interview with Benzinga in December last year, Eric said that he holds Bitcoin, Ethereum, Solana and Sui, "I am very bullish on Bitcoin and I am bullish on cryptocurrencies."

Later that month, Eric predicted that the price of Bitcoin could reach $1 million in a keynote speech at the Bitcoin Middle East and North Africa Conference in Abu Dhabi, and saw it as a revolutionary financial paradigm that could reshape the global economy.

“Bitcoin has revolutionized how we think about money, wealth, and the future… and how our companies get funded,” he said at the event. “The revolution isn’t coming, it’s already here.”

Eric’s statement comes as Bitcoin faces headwinds from economic uncertainty caused by tariffs. On Feb. 1, U.S. President Donald Trump announced tariffs, sparking a market-wide sell-off.

Since then, Bitcoin is currently trading at around $97,700, unable to sustain gains above $100,000 and down 7% over the past seven days. Ethereum has plummeted even further, falling 37% from its recent high on Jan. 31, marking one of its biggest declines in recent history.

Praising Bitcoin as a repeat of the president’s son, Eric Trump also said on February 4: “Now is a good time to add ETH.” 

Within 18 hours of hitting its lowest point, Ethereum rebounded more than 35%, soaring from around $2,300 to over $2,900 in less than a day. Ethereum prices have since stabilized, trading at around $2,830 as of February 6.  

Manipulating the Crypto Market with Social Media

Bitcoin has maintained a strong upward momentum in recent months, but the market structure of Bitcoin and Ethereum was completely different when Eric Trump made the above remarks. While his Ethereum tweet coincided with the market bottoming and extremely oversold conditions, Bitcoin has been trading near its all-time highs, leaving little room for a sudden reversal.

Eric Trump is a relatively low-key member of the Trump family, but his financial views are closely related to his family's political stance. Eric's remarks are seen by some analysts as signals that directly affect the market. The rapid spread of social media allows ordinary investors and traders to react quickly, driving market fluctuations.

However, these remarks by Eric Trump are not just expressions of personal investment views, but also have profound political and economic motivations behind them. The Trump family has a complicated relationship with the cryptocurrency market, and Eric's tweets seem to have driven market sentiment to some extent.

Not only that, Trump also announced on Twitter before releasing the meme coin. Even Musk used Twitter to promote the rise of Dogecoin, BAN, etc.

The Trump family is also involved in multiple crypto projects, including World Liberty Financial, in which Eric is involved. The platform claims that its goal is to promote the popularity of cryptocurrencies and decentralized finance (DeFi), and although it does not publicly trade Bitcoin, its portfolio includes a large number of crypto assets such as Ethereum (ETH) and Tron (TRX).

The World Liberty team purchased more than $70 million worth of crypto assets before Trump's inauguration. The investment brought the entity's cumulative crypto holdings to $325 million.

According to Arkham Intelligence, the project moved most of its cryptocurrency assets, including large amounts of ETH and WBTC, to Coinbase on Tuesday.

World Liberty's cryptocurrency portfolio has shrunk significantly, falling by more than 90% to only around $34 million.