A seemingly cryptic social media post by US President Joe Biden has piqued the interest of the crypto community.
The image in question features President Biden with the laser eyes effect — a popular Bitcoin enthusiast meme that symbolizes unwavering support for the crypto ecosystem.
Joe Biden Puts on Laser Eyes Driving Crypto Speculation
Though President Biden initially captioned the post as a lighthearted nod to the recent Super Bowl victory of the Kansas City Chiefs, many joked about the imagery as a hidden message about crypto – and Bitcoin specifically. The post said, “Just like we drew it up,” generated swift reactions on social media platforms like X (formerly Twitter)
“Wait what. Is he… Trying to go for the crypto vote now???” Fox Business journalist Eleanor Terrett questioned.
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Contrary to initial interpretations by many in the crypto community as an endorsement of Bitcoin, the post leverages the “Dark Brandon” meme, intertwining it with conspiracy theories surrounding the Super Bowl’s outcome. The President’s engagement with the Dark Brandon meme is not new. Indeed, his team has previously utilized it to add a touch of modern flair to his image.
The crypto community also highlighted Block CEO Jack Dorsey’s presence at the Super Bowl. Dorsey’s appearance, donning a Satoshi-themed T-shirt, served as a more direct endorsement of Bitcoin.
Historically, the Biden administration has taken a less-than-enthusiastic stance on crypto. The President has implemented regulatory measures, including a proposed 30% tax on profits made through crypto mining. Ripple co-founder Chris Larsen has been especially critical of President Biden’s regulatory crackdown, voicing concerns over the stifling effect these policies have on American crypto innovation.
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Despite the humorous and speculative reactions, Biden’s post did not appear to have a significant impact on the price of Bitcoin. As of writing, Bitcoin is trading at $48,242, up by a mere 0.01% in the past 24 hours.