Investors who might have heeded Eric Trump’s advice and bought Bitcoin’s (CRYPTO: BTC) dip have had little to rejoice, as the apex cryptocurrency has failed to chart a bullish reversal.
What happened: In an X post on Feb. 25, the Executive Vice President of The Trump Organization wrote, “₿uy the dips,” using the recognizable symbol of the world’s largest cryptocurrency
The recommendation, which came shortly after Bitcoin fell below $90,000, elicited reactions from the who’s who of the cryptocurrency industry, including Strategy Executive Chairman Michael Saylor, who called it, “The ₿est Advice.”
Fast forward to the present, and the asset has sunk further to $83,158, marking a 6% decline. So, let’s say if you invested $1000 after Trump’s advice, it would have reduced to $940 by now.
