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Eric Trump Reveals Donald Trump’s Significant Bitcoin Holdings at TOKEN2049, Calls BTC "Digital Gold"

Eric Trump Reveals Donald Trump’s Significant Bitcoin Holdings at TOKEN2049, Calls BTC "Digital Gold"

Published:
2025-05-27 05:15:13
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In a notable revelation at the TOKEN2049 conference in Dubai, Eric Trump disclosed that former U.S. President Donald Trump and himself hold substantial Bitcoin investments. Describing BTC as "digital gold," Eric expressed strong bullish sentiment, predicting further price appreciation and emphasizing their long-term confidence in the asset. While exact figures were not disclosed, the investment is characterized as significant, adding to the growing institutional and high-profile interest in Bitcoin.

Donald Trump Holds Significant Bitcoin Holdings, Eric Trump Reveals at TOKEN2049

Eric Trump, speaking at the TOKEN2049 conference in Dubai, disclosed that former President Donald TRUMP and himself hold substantial amounts of Bitcoin. Describing BTC as "digital gold," Eric expressed strong bullish sentiment, predicting further price appreciation and underscoring their long-term confidence in the asset. While exact figures remain undisclosed, the investment is characterized as significant.

The remarks align with Donald Trump’s increasingly vocal support for cryptocurrency. The former president has framed crypto as a strategic advantage for the U.S., particularly in competition with China. Notably, Trump recently praised Bitcoin’s market resilience during April’s financial turbulence, observing it outperformed traditional assets.

Administrative actions under Trump have extended beyond rhetoric. An executive order in March signaled concrete policy moves to support cryptocurrency development, though details of further initiatives remain undisclosed.

Bitcoin Nears $100K Milestone as Fed Holds Rates Steady

Bitcoin surged past $99,000, marking a 2.6% gain in 24 hours as markets digested the Federal Reserve’s decision to maintain current interest rates. The MOVE defied pressure from former President Donald Trump, who had publicly advocated for a 3% rate cut.

Fed Chair Jerome Powell acknowledged progress on inflation but emphasized the 2% target remains elusive. "The economy demonstrates resilience," Powell noted, citing volatility from trade policies as a continuing factor. bitcoin briefly dipped below $96,000 during his remarks before recovering swiftly—a testament to its maturing market stability.

Bitcoin Core Redesigns OP_RETURN to Enhance Data Storage

Bitcoin Core’s latest update removes the 80-byte limit on OP_RETURN, enabling larger data packets and multiple outputs per transaction. This modernization aligns with contemporary mining practices, offering greater flexibility for blockchain data storage.

The OP_RETURN opcode, previously restricted, now supports expanded functionality. Developers emphasize this change as a technical evolution rather than a speculative catalyst, though it may indirectly benefit BTC’s utility as a data layer.

Bitcoin Price Advances to $100K as Institutional Interest Fuels Rally

Bitcoin’s relentless ascent continues as the flagship cryptocurrency tests the psychologically significant $100,000 threshold. The move comes amid muted retail participation but strong institutional interest, with recent comments from U.S. political leaders adding fuel to the rally.

Federal Reserve policy remains accommodative with rates held steady at 4.25-4.5%, creating favorable conditions for risk assets. Market observers note the unusual dynamic of Bitcoin’s climb occurring alongside traditional macroeconomic stability rather than crisis conditions.

The technical picture shows BTC maintaining a steep upward trajectory, with analysts debating whether this marks the beginning of a new supercycle or simply another bull market phase. Liquidity conditions across major exchanges appear robust enough to sustain the momentum.

Arthur Hayes Predicts Bitcoin to Reach $1M by 2028 Amid U.S.-China Trade Dynamics

Bitcoin could surge to $1 million by 2028, according to Arthur Hayes, who argues that Federal Reserve policy is irrelevant in the face of Treasury Department maneuvers. The former BitMEX CEO dismisses the Fed’s influence, asserting that Treasury Secretary Scott Bessent’s liquidity strategies are the true drivers of market dynamics.

Hayes highlights the U.S. government’s unchecked spending and debt management as key factors fueling Bitcoin’s long-term bullish case. The looming U.S.-China trade deal, he suggests, is merely a distraction from the underlying monetary shifts reshaping global liquidity.

Bitcoin Nears $100,000 Amid Trump Trade Deal Speculation

Bitcoin’s rally toward $100,000 gained momentum as markets reacted to U.S. President Donald Trump’s hints of a major trade deal, potentially with the U.K. The cryptocurrency’s upward trajectory aligns with its bullish technical indicators and a broader risk-on sentiment in traditional markets.

Asian equities edged higher during the session, while S&P 500 futures ROSE 0.6%. However, skepticism emerged after the Wall Street Journal reported the anticipated announcement might only outline a preliminary framework for future negotiations rather than an immediate agreement.

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