In a recent series of cryptic tweets, Donald Trump Jr. and Eric Trump have sparked a flurry of speculation in the cryptocurrency community. Announcing their newfound passion for crypto and DeFi (decentralized finance), they hinted at a “huge” development about to shake up the world of digital currencies.
In his tweet, Donald Trump Jr. urged his followers not to “get left behind” as “decentralized finance is the future”. This was echoed by his brother Eric, who posted a similar tease, declaring an infatuation with cryptocurrency and DeFi and promised a “big announcement.”
These Twitter posts have set the stage for what appears to be a significant crypto initiative from the Trump camp. The possible involvement of their father, the former president, is not far-fetched, given his recent interactions with the NFT collections that surged in price after an assassination attempt on him.
However, the crypto community has not extended a warm welcome to these cryptic assertions. Many express doubts about the claimed projects, pointing to a series of failed celebrity-backed coins and asking if this might be another opportunistic venture that would not offer true value.
This comes amid a noticeable shift in Donald Trump’s stance on crypto. Once a critic who called Bitcoin a scam, he has transformed into one of its most vocal advocates, recently suggesting the idea of the U.S. paying off its immense debt with Bitcoin and establishing a “strategic Bitcoin stockpile.”