Trump's son slaps himself! Eric Trump denies setting an Ethereum target of 8000 USD.

Eric Trump, the second son of U.S. President Trump, responded on the X platform to rumors regarding his prediction that “Ethereum will break $8,000 in the next 38 days” by stating not to spread fake news, as he has never made such comments. He mentioned that while he hopes to see such a situation occur, he has not made any related predictions.

Eric Trump urgently denies: has never made statements about Ethereum at 8000 dollars

In September 2025, Eric Trump predicted on social media that the price of Ethereum might soon reach $8,000, a statement that sparked widespread discussion among cryptocurrency investors and enthusiasts. At the same time, Ethereum is experiencing increasing interest from institutional investors, with a continuous development of ETF product lines, and applications in the DeFi and NFT sectors are becoming more widespread. While some believe that Trump's son's prediction is overly optimistic, others think it is just a promotional gimmick.

As of November 26, nearly three months have passed since the September prediction, and the price of Ethereum has not only failed to reach $8,000 but has instead struggled around $2,970. With less than a week left in the 38-day countdown, the likelihood of achieving the prediction is nearly zero. In this awkward situation, Eric Trump chose to deny having made this prediction, calling it “fake news.” This contradiction has sparked controversy, with the denial of Trump's son being questioned as an attempt to evade responsibility for the incorrect prediction.

Ironically, Eric Trump, while denying the predictions, also stated that “although he hopes to see such a situation occur.” This ambiguous statement neither acknowledges the predictions nor relinquishes optimism about Ethereum, showing his struggle in PR strategy. For the Trump family, who holds a significant amount of cryptocurrency assets, publicly taking a bearish stance could trigger market panic, but continuing to maintain unrealistic predictions could damage credibility.

Trump family crypto empire shrinks by 1 billion dollars

The former U.S. President Trump's family's layout in the cryptocurrency market has recently encountered a significant pullback. According to Bloomberg reports, as cryptocurrency prices and related concept stocks plummeted, the Trump's family's total assets shrank from about $7.7 billion in early September to $6.7 billion, evaporating $1 billion in just a few weeks, mainly due to the decline in the value of crypto investments.

However, Eric Trump does not back down in the face of volatility, even stating in a press release: “Now is an excellent buying opportunity. Those who dare to enter during pullbacks and are willing to endure volatility will ultimately be the winners. I have never been more optimistic about the future of Bitcoin and the modernization of the financial system than I am now.” This “buying on dips” rhetoric is not uncommon in the investment community, but when the speaker is himself a vested interest holder with a large position, the objectivity of such advice is worth questioning.

The Trump family has been actively entering the cryptocurrency space in recent years, from the memecoin TRUMP, Bitcoin mining companies, to collaborating with startups to issue their own token WLFI, with a broad layout. The “Trump Media & Technology Group” has not yet turned a profit, but has already invested nearly 2 billion dollars into Bitcoin and other cryptocurrencies, now facing a 25% paper loss. Such large-scale losses are a heavy blow to any investment portfolio, but the Trump family, with its political influence and media exposure, can still maintain market confidence.

Trump Family Cryptocurrency Asset Shrinkage Details

Total Assets Shrink: Dropped from 7.7 billion dollars to 6.7 billion dollars, evaporating 1 billion dollars.

WLFI valuation halved: from a peak of 6 billion USD to 3.15 billion USD

American Bitcoin stock price halved: Eric's holdings shrank by over 300 million dollars.

TRUMP coin drops 25%: from a peak market value of 15 billion to 1.7 billion USD

Trump Media Group Losses 25%: $2 billion investment shows a $500 million paper loss

Identity Transformation from the Real Economy to Crypto Craze

Ten years ago, Eric Trump could never have imagined he would venture into the world of cryptocurrency. He describes himself as a “supporter of the real economy” and, like his father, has been skeptical about Bitcoin. Now 41 years old, Trump runs the family real estate empire, overseeing about 25 new hotel, golf course, residential, and commercial building projects. The father of two said he started helping out in the family business at age 11, pouring concrete and laying tiles.

Eric Trump’s office on the 25th floor of Trump Tower in Midtown Manhattan is filled with memorabilia related to his real estate business, such as a plaque from the Saudi Arabia-backed LIV Golf League. The interior decor reflects none of his enthusiasm for cryptocurrency, which is far more abstract than real estate or politics. This contrast shows that Eric’s foray into cryptocurrency is driven more by opportunism than by a deep-seated belief.

Tom Benison, a senior figure in the golf industry and a decades-long personal friend of President Trump, stated that he witnessed Donald Trump Jr. rapidly grow into an excellent manager. “He took over a company with over 20,000 employees, a massive scale, diversified operations, and a value of billions of dollars,” Benison said. However, the transition from the real economy to virtual assets, along with the fluctuating predictions for ETH, indicates that Eric's expertise in the crypto field still needs to be tested by the market.

Although the cryptocurrency price has collapsed, the tokens held by the family have a lock-up and profit-sharing mechanism, which still provides a stable cash flow. Analysis indicates that the Trump family can not only issue and sell tokens but also profit from overall trading, which is very different from the situation of ordinary retail investors. This structural advantage means that even if the market value evaporates, the family can still generate income from transaction fees and token sales, with risks far lower than those of regular investors.