‘Smart trade’ — Eric Trump reacts after Dave Portnoy discloses XRP, BTC, and ETH purchases
Crypto Briefing
Eric Trump called Dave Portnoy's $2 million investment in XRP, BTC, and ETH a 'smart trade' during the market downturn.Summary
Eric Trump publicly endorsed Dave Portnoy's decision to invest over $2 million into XRP, Bitcoin (BTC), and Ethereum (ETH) during a recent cryptocurrency market decline, labeling it a “smart trade.” Portnoy allocated the majority of his investment to XRP, purchasing $750,000 in Bitcoin and $400,000 in Ethereum. Eric Trump, known for advocating for BTC and ETH purchases during market dips, was likely referencing Portnoy's moves in those two assets. The disclosure came as Bitcoin fell below $90,000, Ethereum dropped under $3,000, and XRP tumbled 5%, leading to a 3% slide in the total crypto market capitalization.
(Source：Crypto Briefing)