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ethereum

Trump Family May Use Ethereum For New Business Ventures, Says ConsenSys CEO

Ash Tiwari
by Ash Tiwari
4 months ago
·
Posted in Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

ConsenSys CEO Joseph Lubin recently suggested that US President Donald Trump’s family may “build one or more giant businesses” on Ethereum (ETH). Responding to an X thread about Trump’s recent ETH purchases, Lubin stated that the Trump Administration is exploring ways the US could support Ethereum.

Trump Family To Start Businesses On Ethereum?

After a relatively subdued price performance and limited public attention in 2024, ETH may be set for a resurgence in 2025. In a post on X, crypto expert DCinvestor highlighted that Trump-backed decentralized finance (DeFi) venture World Liberty Financial has significantly increased its ETH holdings.

Related Reading: Ethereum Weekly RSI Resets: Is A Rebound To $4,000 Imminent?

Data from Etherscan reveals that World Liberty Financial’s wallet currently holds 55,719 ETH, valued at over $183 million at the time of writing. Lubin’s recent comments hint at a deeper involvement by the Trump family in the cryptocurrency industry. He said:

The Trump Administration will do what is good for the USA and that will involve ETH, considerations of how the USA can support Ethereum — the most capable and largest decentralized protocol ecosystem for the benefit of the USA, and perhaps eventually use Ethereum technology in government activities just as they currently use the internet and web protocols.

Lubin further noted that, in addition to Ethereum, the Trump family might engage with other blockchain ecosystems, such as Bitcoin and Solana. The recent launch of the official Trump meme token on Solana appears to validate this statement.

Besides ETH, the World Liberty Financial wallet holds other tokens such as Aave (AAVE) and Chainlink (LINK). The DeFi project is expected to become operational soon.

Analysts Eye ETH Rally Soon

As Ethereum continues to trade in the low $3,000 range, crypto analysts are becoming increasingly confident of an imminent rally for the the second-largest digital asset by market cap. 

Related Reading: Could Ethereum Finally Be Gearing Up For A Breakout? Here’s What Analysts Predict

Seasoned crypto trader Michael van de Poppe highlighted World Liberty Financial’s growing ETH exposure as a bullish signal for the cryptocurrency. Poppe added that 2025 could mark a turning point for Ethereum’s performance.

From a technical perspective, crypto analyst Jelle shared a weekly ETH chart illustrating a bullish inverse head-and-shoulders pattern in formation, along with a massive ascending triangle that Ethereum may soon break out of.

ETH
Source: Jelle on X

Similarly, crypto analyst TraderSZ shared the following ETH daily chart, showing a bullish descending triangle pattern. The analyst remains long-term bullish on ETH, projecting targets as high as $10,000.

ethereum
Source: TraderSZ on X

However, Ethereum’s prolonged underperformance has begun to dent the confidence of some whales. At press time, ETH trades at $3,278, down 1% in the past 24 hours.

ethereum
ETH trades at $3,278 on the daily chart | Source: ETHUSDT on TradingView.com
Featured Image from Unsplash.com, Charts from X and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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