You Won’t Believe Eric Trump’s Latest Bitcoin Prediction (Or the Red Flags Beneath It!)

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Key Takeaways

Bitcoin is limping along with dismal ETF inflows and a storm of macroeconomic mayhem. Eric Trump’s chipper “buy the dip” suggestion tries to echo those legendary halving-year hikes, but so far, it’s mostly just jazz hands—exciting, unsupported, and inevitably followed by someone tripping onstage.

So, Eric Trump has summoned his fellow dip-buyers to action. Should anyone actually listen? 

The timing, as ever with such pronouncements, is exquisite. His sage advice lands precisely as Bitcoin [BTC] performs its best impression of a lemming going off a financial cliff, dropping below the $117k-$120k “chop zone,” and logging a frankly undignified 3.76% plummet over three days.

But if you teleport your gaze to the monthly chart, August stands there with all the charisma of a soggy washcloth.

A losing month with rare outliers

In the battle of Bitcoin versus August, August is now leading 60% of the time over the last dozen years. The month is like the bartender who’s just announced last call after July’s drunken revelry—everyone’s left with shallow pockets, thin order books, and only regret for company.

And yet, squint hard enough, and there’s a tiny shimmer in the gloom.

Back in the days of yore—2013, 2017, and 2021—Bitcoin decided that August was good for double-digit rocket rides. What do those electrifying years have in common? They’re all post-halving cycles, of course. It’s crypto’s version of leap years, but with more hype and less calendar drama.

This is where new BTC supply gets karate-chopped by 50%, leaving the market as dry as a British sense of humor.

With fewer coins sloshing about at a time when people are suddenly feeling lucky, weird August rallies can happen. Is Eric Trump onto something, or is he just shouting into the crypto void for attention? (Spoiler: Investors are checking their wallets for loose change, just in case.)

Could BTC’s August mirror previous halving years?

Let’s be honest: Eric Trump’s forays into crypto are less predictive, more weather-forecast-by-drunk-uncle-at-BBQ.

Case in point: On February 25th, he takes to Twitter like a seagull on chips, and lo and behold—BTC nudges up 6.6% over the following few days. Enthusiasm all around! Until… momentum vanished like free peanuts at a crowded bar, and BTC pirouetted straight down, $77k in a week. If that was a dip to buy, I’d hate to see the ones you’re meant to avoid.

Meanwhile, spot ETFs are springing leaks worthy of a paddle steamer—roughly $800 million in outflows, the worst since February when things got so leaky a billion dollars paddled off downstream. 🚣

And let’s not forget: the macro stage is absolutely vomiting obstacles—trade tariffs, job numbers that refuse to behave, and a Federal Reserve so cryptic even fortune-tellers are giving up. Appetite for risk? Picture a vegan at a steakhouse.

The upshot: That $120k line in the sand now looks more like a mirage. Unless someone introduces Bitcoin to a magical August fairy, chances of a halving-year squeeze are slim at best. Eric Trump’s cheery “buy the dip” is less a golden ticket, and more a lottery scratcher—possible, expensive, and most likely to end up in the trash. 💸

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2025-08-04 05:15