Eric Trump Declares Bitcoin “Greatest Store of Value” – Here’s Why Trump’s Bitcoin Support Matters

Eric Trump, son of U.S. President Donald Trump, has made headlines with his strongly worded support for Bitcoin, calling it “one of the greatest stores of value.” His remarks were shared during an interview on Fox Business, where he discussed his evolved perspective on cryptocurrency and its role in modern finance. Trump’s Bitcoin advocacy has already garnered hype for the crypto. 

Trump Blasts Traditional Banking, Deems Crypto Better 

A lifelong proponent of real-world assets like real estate, Eric Trump admitted that his eventual support for cryptocurrency was unexpected. “If there’s anybody’s eyes shouldn’t have opened to the world of cryptocurrency, it’s mine,” he said during the interview. He explained that his perspective changed after observing how traditional banks worked. He claimed that these central banks had misused their power, politicizing financial services and excluding individuals they disagreed with from these services. This has led him to believe in Bitcoin as a powerful substitute for traditional banking systems. 

Eric Trump’s Bitcoin Support Grows as He Calls It ‘Greatest Store of Value

Further criticizing traditional banking by calling it ‘antiquated’. Eric Trump praised Bitcoin for its liquidity and massive use case scenarios. “I believe that Bitcoin is one of the greatest stores of value, immediately liquidated, and an unbelievable hedge against real estate and something we are really excited about,” he stated. His opinions reflect a growing alignment with Donald Trump’s Bitcoin focus as well.

He has been vocal about his newfound belief in Bitcoin. Recent Eric Trump Bitcoin predictions suggest that the leading cryptocurrency could reach $1 million, thanks to increasing adoption and institutional interest. His enthusiasm extends beyond expression, as he has also joined Metaplanet, a Bitcoin treasury company, as one of the members of the advisory board. He is also involved in World Liberty Financial, a family-backed crypto project. 

These remarks come as the President continues to bolster crypto initiatives, signing executive orders to establish a Strategic Bitcoin reserve and hosting the first-ever crypto summit at the White House. Eric Trump’s endorsement of Bitcoin further cements the administration’s pro-crypto nature. Given that, let’s take a quick look at Bitcoin’s recent price performance and form a BTC price prediction for the coming days.

BTC Price Analysis: BTC Stutters on the Brink of $85,500

Bitcoin price action commenced yesterday, with Bitcoin at around $82,500, continuing an uptrend from the previous day. Bitcoin rode the uptrend till 6:00 UTC, moving up to $82,950. The EMAs converged on the MACD, forming a golden cross at 6:30 UTC. Bitcoin continued to rise, reaching $84,460 by 10:00 UTC. As the ascent came to an end, the RSI showed overbought conditions, indicating a trend reversal.

Chart 1: analyzed by raodevansh18, Published on TradingView, April 2, 2025

Bitcoin eventually fell, a downtrend caused by the death cross at 9:40. The death cross widened, with Bitcoin dipping sharply to $82,716. Soon after, a golden cross formed as Bitcoin spiked skyward to $85,346. However, the $85,500 level offered stern resistance as Bitcoin turned downward, finding support at $84,744, thanks to the overbought RSI.

This support allowed Bitcoin to eventually test the resistance level. Despite multiple attempts, Bitcoin could not conquer $85,500 and dipped as selling pressure began to form. Bitcoin reached $83,990 early on April 2. However, buying pressure quickly regained control and pushed the price up, taking it up to $85,200.

BTC Price Prediction: Bitcoin Faces Rejection at $85,500, Resistance Break Possible Today?

With institutional and political interest coming in for Bitcoin, it looks poised for profits in the longer run. For now, though, BTC price analysis highlights the struggle with $85,500 mark. To add to that, its approaches have been hindered by overbought situations forming. If stable buying pressure persists, BTC can very well break the resistance. However, failure to do that will cause BTC to take it slower.