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Ethereum Investors Who Heeded Eric Trump's Advice Left in the Red

In a stunning display of poor timing, Eric Trump, son of former President Donald Trump, told investors to buy Ethereum in 2019, claiming it was a "great time" to do so. However, had investors taken his advice, they would have lost nearly 40% of their investment by the end of 2020, according to data from Benzinga.

Eric Trump's endorsement of Ethereum came in 2019, when the cryptocurrency was trading around $130. Fast forward to the end of 2020, and Ethereum's value had plummeted to around $80, a decline of 38.5%.

The poor performance of Ethereum is a stark reminder of the risks involved in investing in cryptocurrencies. Despite their potential for high returns, digital currencies are notoriously volatile and can drop in value quickly.

It's worth noting that Eric Trump's investment advice has been criticized in the past. In 2020, he told investors to buy gold, claiming it was a "great time" to do so. However, the price of gold has actually fallen since then.

Investors who took Eric Trump's advice to buy Ethereum in 2019 would have been left with significant losses. The cryptocurrency's poor performance is a cautionary tale about the importance of doing one's own research and not relying on unqualified advice when making investment decisions.