💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Are Biden's Laser Eyes A Sign He's Warming Up To Bitcoin Ahead Of 2024 Election?

Published 15/09/2023, 19:24
© Reuters Are Biden's Laser Eyes A Sign He's Warming Up To Bitcoin Ahead Of 2024 Election?
BTC/USD
-

Benzinga - On Friday, President Joe Biden showcased a unique mug bearing his image. Initially, the mug displays him wearing sunglasses. However, when filled with hot liquid, the sunglasses disappear, revealing his eyes with a luminous, laser-like intensity.

The laser eyes symbol is a popular meme among Bitcoin (CRYPTO: BTC) enthusiasts, who use it to show their support for the cryptocurrency.

The meme originated in 2017, when a Twitter user posted a picture of himself with red laser eyes, along with the caption "I'm buying all the Bitcoin."

The meme quickly went viral and is now used by Bitcoiners around the world.

Biden's promotion has left people wondering if his use of the laser eyes symbol is a sign that he is warming up to Bitcoin.

Cryptocurrency has been a controversial topic in recent years, with some politicians and regulators expressing concerns about its volatility and potential for fraud.

However, Biden has not taken a clear stance on Bitcoin, and his tweet could be seen as a way of reaching out to the cryptocurrency community.

It is also possible that Biden's use of the laser eyes symbol is simply a coincidence.

Also Read: Crypto Bear Market Over? 'Not-Too-Bullish' Analyst Sets Bitcoin Target Above $30K

The mug was designed by a third party, and it's possible that the designer was not aware of the meme's significance. However, the timing of the tweet is interesting, as it comes just months after Biden proposed a tax of as much as 30% on crypto mining to address economic and environmental issues.

This will be among the crucial topics discussed at Benzinga's exclusive event - Future of Digital Assets. The conference takes place in NYC on Nov. 14 and gives investors a chance to engage with transformative Digital Asset and Crypto business leaders and investors.

The 2024 presidential election is still over a year away, but the race for the Democratic and Republican nominations is already heating up.

Biden is the clear frontrunner for the Democratic nomination, but he's being challenged by crypto-friendly candidate Robert F. Kennedy Jr.

The Republican field is more crowded, with former President Donald Trump, Florida Governor Ron DeSantis, former South Carolina Governor Nikki Haley and Vivek Ramaswamy among the most prominent candidates.

If Biden is indeed trying to cozy up to the Bitcoin community, it could be a way of appealing to young voters and independents.

Bitcoin is seen by many as a symbol of the future, and Biden's embrace of the cryptocurrency could help him to connect with voters who are looking for a change in the status quo.

Read Next: Hong Kong Legislator Challenges Ethereum Founder To Visit City: Here's Why

Meet and engage with transformative Digital Asset and Crypto business leaders and investors at Benzinga's exclusive event - Future of Digital Assets. Tickets are flying- get yours!

Photo: Shutterstock

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.