- Peter Schiff warned against taking crypto investment advice from the Trump family after Ethereum’s sharp decline.
- Ethereum has dropped 45% and Bitcoin over 12% since Eric Trump encouraged buying the dip.
- Trump’s tariffs and endorsements have coincided with a $380B wipeout in overall crypto market value.
Ethereum’s been on a rough ride lately—really rough—especially after Eric Trump gave it a public thumbs-up not too long ago. Now, economist Peter Schiff is chiming in, and let’s just say… he’s not impressed.
JUST IN: Ethereum $ETH has dumped 46% since @EricTrump said it was a "great time" to buy
— BlockNews (@blocknewsdotcom) April 6, 2025pic.twitter.com/XqpCmLh1DJ
An X user reminded Schiff of the moment Eric Trump, the second son of former President Donald Trump, famously said “It’s a great time to add ETH.” The timing? Not so great in hindsight.
Schiff, never one to mince words, responded bluntly:
“Yes, it’s best not to take any investment advice from the Trumps,” he posted Sunday.
Not Everyone Agrees With Schiff
That jab wasn’t left unchallenged. Another user threw back a counterpoint—would Schiff be this critical if the Trumps were praising gold instead? (Schiff is famously pro-gold, so… probably not.)
Meanwhile, Ethereum has tanked roughly 45% since Eric’s crypto endorsement. Bitcoin hasn’t been immune either—dropping over 12% since Eric’s “₿uy the dips” post from February.
Markets Bleed Amid Tariffs and Uncertainty
President Trump’s sweeping tariff policies are hitting both stocks and crypto alike. In just one month, the entire crypto market has lost around 13%, with $380 billion in value wiped out.
Even Trump’s own meme coin, the Official Trump Token, which he once hyped as “the greatest of them all,” has cratered—down a brutal 37% since his endorsement.
At the time of writing, Ethereum is trading at $1,539.37 (down 14.78% in 24 hours), while Bitcoin sits at $77,534.51, marking a 6.87% drop.
The Bottom Line
Celebrity endorsements might grab headlines, but they don’t guarantee profits. If anything, this week might be a reminder that flashy support doesn’t always translate into smart investing.
