Emily Walker
Joseph Lubin, the CEO of ConsenSys, has recently hinted that the family of US President Donald Trump could potentially “launch one or more major businesses” on the Ethereum (ETH) blockchain. This comment came in response to a discussion on X regarding Trump’s recent investments in ETH. Lubin mentioned that the Trump Administration is considering ways in which the US could encourage Ethereum’s growth.
Trump Family’s Potential Ventures in Ethereum
After a quieter price period and less public visibility in 2024, ETH is expected to bounce back in 2025. A notable observation from crypto expert DCinvestor on X pointed out that World Liberty Financial, a decentralized finance (DeFi) initiative backed by Trump, has significantly increased its Ethereum reserves.
According to Etherscan, World Liberty Financial’s wallet now contains 55,719 ETH, translating to over $183 million at the current price. Lubin’s remarks suggest that the Trump family may be playing a larger role in the cryptocurrency space, stating:
The Trump Administration will act in the best interest of the USA, which will include considerations for ETH and ways the USA can support Ethereum — the most robust decentralized protocol that could benefit the US, potentially integrating Ethereum technology into governmental operations much like the use of the internet and web protocols today.
Additionally, Lubin pointed out that the Trump family could also venture into other blockchain platforms such as Bitcoin and Solana. The recent introduction of an official Trump meme token on Solana supports this notion.
The World Liberty Financial wallet also holds various other cryptocurrencies, including Aave (AAVE) and Chainlink (LINK), with the DeFi project expected to launch shortly.
Predictions for Ethereum’s Upward Movement
As Ethereum hovers around the low $3,000 mark, many crypto analysts are growing increasingly optimistic about an upcoming rally for this prominent digital asset.
Notable crypto trader Michael van de Poppe noted World Liberty Financial’s increased exposure to ETH, viewing it as a promising indicator for the currency’s future. He mentioned that 2025 could be a pivotal year for Ethereum’s performance.
Technical analysis from crypto analyst Jelle showcased a weekly ETH chart indicating a bullish inverse head-and-shoulders pattern alongside a large ascending triangle that Ethereum may soon break through.
Similarly, analyst TraderSZ shared a daily chart of ETH indicating a bullish descending triangle pattern, expressing long-term optimism for Ethereum, forecasting potential prices up to $10,000.
Nonetheless, Ethereum’s extended period of underperformance has begun to affect the confidence of some investors. At the time of writing, ETH is trading at $3,278, reflecting a 1% drop in the past 24 hours.
