Bitcoin Drops Below $89K – Eric Trump Says ‘Buy the Dip!’
Alright, here we go again—Bitcoin just dropped below $89,000, losing 8% in a single day, and the entire market is feeling the heat. But while some are panicking, Eric Trump is telling everyone to BUY.
That’s right—Trump’s son took to X (Twitter) to encourage investors to ‘buy the dips’, seeing this price drop as a golden opportunity. But is this really the best time to buy, or is Bitcoin about to fall even further? Let’s break it all down.
📉 Bitcoin Crashes Below $89K – What’s Happening?
On February 25, Bitcoin saw a sharp decline, dipping below $89,000 for the first time in three months. In just 24 hours, BTC lost over 8% of its value, triggering massive sell-offs and investor panic.
And it’s not just Bitcoin—Ethereum dropped 9% to $2,405, and Solana fell 7% to $143. Bitcoin’s market cap now sits at $1.76 trillion, showing just how much selling pressure is hitting the crypto space.
So what’s causing this?
📉 Bitcoin spot ETFs are seeing outflows – Investors are pulling money from U.S. spot Bitcoin ETFs, leading to additional selling pressure.
📉 Market uncertainty – Some analysts believe Bitcoin could drop another 10%, possibly hitting the low $80,000 range.
📉 Profit-taking – After Bitcoin’s massive rally earlier this year, some investors are simply cashing out.
📢 Eric Trump: “Buy the Dip!”
While some investors are worried, Eric Trump is doubling down on Bitcoin.
In a recent tweet, he told his followers: “Buy the dips!”
For those who believe in Bitcoin’s long-term growth, this could be a great time to accumulate more at lower prices. And he’s not alone—Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), also weighed in, calling the crash a “Bitcoin sale.”
Saylor has been one of Bitcoin’s biggest supporters, and his company has been aggressively buying Bitcoin for years. He even backed Eric Trump’s tweet, saying:
“The best advice—volatility is a gift to the faithful.”
Basically, they’re saying—don’t panic, buy more Bitcoin.
🚀 MicroStrategy (Now ‘Strategy’) Just Bought Another $2 BILLION in Bitcoin
While many investors are nervous, Michael Saylor’s company isn’t slowing down at all.
🔹 Strategy just acquired 20,365 BTC for $2 billion at an average price of $97,514 per coin.
🔹 Their total Bitcoin holdings are now 499,096 BTC, worth around $47 billion at today’s prices.
🔹 They now own 2.4% of Bitcoin’s total supply, making them the largest corporate Bitcoin holder.
This is a huge bet on Bitcoin’s long-term future. But while some see this as a genius move, others think it’s risky, given the market’s extreme volatility.
⚠️ Should You Buy Now or Wait?
So, is now the time to buy? Or could Bitcoin drop even further?
🔸 Bullish Case (Buy the Dip) – People like Eric Trump and Michael Saylor believe Bitcoin will recover and eventually hit new all-time highs. If you believe in Bitcoin’s long-term value, buying now could mean huge gains down the road.
🔸 Bearish Case (Wait for Lower Prices) – Some experts, like Geoff Kendrick from Standard Chartered, predict another 10% drop, which could send Bitcoin down to the low $80,000s. If that happens, buying later might be even better.
🔸 Skeptics (Avoid Bitcoin Altogether) – People like Peter Schiff (gold advocate) argue that Bitcoin remains a speculative asset and is still prone to severe crashes. He warns that more losses could be coming.
💭 Final Thoughts – What’s Next for Bitcoin?
Bitcoin is known for its extreme volatility, and this latest dip is just another chapter in its wild journey.
🚀 If history repeats itself, this could be a massive buying opportunity before Bitcoin moves higher.
⚠️ But if bearish predictions come true, we might see even lower prices before the next bull run.
So, what do you think? Are you buying the dip, or are you waiting for lower prices?
