Bitcoin Holds Near $97K as Doubled-Down Bets Signal Institutional Greed
Bitcoin’s bull run isn’t cooling off—price action clings to record highs as institutional players double down. Here’s why the smart money’s still betting on chaos.
• Greed beats fear: With BTC hovering near $97K, Strategy Fund’s latest move proves Wall Street would sell their grandmothers for alpha.
• Liquidity mirage: Traders cheer the rally while ignoring the 17% bid-ask spreads on OTC desks—but hey, ’this time is different.’
• Closing thought: When VCs start quoting Satoshi in earnings calls, it’s either a new financial paradigm or the greatest pump before the dump. Place your bets.
Eric Trump says The SWIFT system is broken and it’s going to be replaced by cryptocurrency. pic.twitter.com/0rt4aOcx7G
— Whale Insider (@WhaleInsider) May 1, 2025
His message was clear: the financial system isn’t neutral—and when it turned on the Trumps, crypto was the exit ramp.
This experience turned Eric Trump’s focus toward cryptocurrency, which he described as a lifeline against centralized control.
The Trump Family’s Crypto Ventures
Eric Trump co-founded World Liberty Financial and recently launched USD1, a stablecoin on the TRON blockchain backed by the U.S. dollar and branded as a financial independence tool. “It’s not just business,” he said. “It’s a response to a broken system.”
Donald Trump, once openly hostile to Bitcoin, now sells NFTs and has entered the meme coin arena with a Solana-based token—just in time for his second presidential run.
Eric Trump: Financial Independence Through Crypto
In Dubai, Eric Trump made it clear: to him, crypto is more than currency—it’s defiance against cancel culture and political persecution.
Now, is the Trump family also guilty of political persecution in deporting people critical of his administration? Well, um, how political do we want to get?
Eric Trump likened U.S. banking restrictions to a modern-day “Operation Choke Point,” accusing regulators of stalling crypto progress in the name of control. Bitcoin, in his view, is the answer—a decentralized hedge against financial censorship.
“We’re in the dial-up days,” he said. “Nations that move now will own the future.”
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Key Takeaways
- At a crypto conference in Dubai, Eric Trump made the pitch simple: they didn’t choose crypto—it chose them.
- Standing before a crypto-savvy crowd in Dubai, Eric Trump laid out his family’s orange-pilled origin story.
