If traditional markets have followed, you may have heard the phrase “Do not fight against Fed.” It has been a long -standing guide principle in conventional markets, suggesting that merchants should align their strategies with the Federal Reserve policy, since the Central Bank actions significantly influence the direction of asset markets.
Recently, a variation of that mantra emerged in X after Altcoin Gordon’s popular enthusiast said: “Eric Trump is never faded,” referring to the positive action of the price following the publication of Eric Trump on February 25 of the participants of the cryptographic market to “buy the dives.”
Gordon’s publication occurred when the total cryptographic market bounced 11% to $ 3.09 billion on March 2, almost reversing the decrease observed in the last week of February. The two -digit increase, stimulated by the mention of President Donald Trump of Ada, XRP and Sol as strategic cryptography reserve candidates with BTC and ETH as Core, validated his son, Eric Trump, the bias for the purchase of sauce.
Therefore, retail merchants, especially those looking for rapid profits from daily trade or short -term trade, can be tempted to strictly follow Eric Trump’s publications. However, it is important to reconsider, since the data reveals that Eric’s tweets are not necessarily profitable for speculators and daily merchants.
To start, the bounce of the market seen on March 2 was extremely short -lived, since the total market capitalization collapsed to $ 2.78 billion the next day and fell more to $ 2.6 billion on Sunday.
The other two Eric Trump shots published in X since his father Donald Trump assumed the position on January 20 also did little for the merchants of the day.
The first, dated February 4, said: “In my opinion, it is a good time to add ETH.”
That day, the native Ethereum token quoted above $ 2,700, having recovered from a sudden accident to almost $ 2,000 the previous day. The rapid recovery was a reminiscence of the August fund around the same levels, after which the price of the token increased to $ 4,000 in the subsequent months.
However, Ether never obtained a strong offer and since then has fallen more than 25% to $ 2,000. Keep in mind that Donald Trump World Liberty Financial’s Platform, according to the reports, tripled its holdings from Ether to more than $ 10 million last week, indicating confidence in the long -term perspectives of cryptocurrency.
The same can be said about Eric Trump’s opinion about BTC on February 6, when he published in X, “he feels like a good time to enter #BTC, while World Liberty Financial label.”
At that time, BTC quoted about $ 96,000 and since then has dropped to $ 82,000, a slide of 14.5%, according to Data Source Coindesk. The decrease has been widely linked to macroeconomic concerns, particularly the president’s tariffs about imports from China, Mexico and Canada.
However, the president has been more friendly with cryptography, recently announcing the creation of a strategic BTC reserve that retains coins seized in application actions.
My advice: Hodl, Eric Trump said
On March 3, Eric Trump changed marching to suggest merit in the search for a long -term tenure strategy.
“Now my advice: Hold (that is, in the long term),” said Eric Trump in X, recognizing a Gordon publication encouraging the market rebound.
