Hunter Biden declared his commitment to blockchain-based art and Bitcoin (CRYPTO: BTC) on Saturday, while praising fellow artist Mike Winkelmann, better known as Beeple.
Hunter Biden: The Crypto Messiah?
Beeple posted an artwork on X, titled “HUNTER BIDEN SAVING CRYPTO,” which depicted Hunter Biden in a suit pulling a giant golden Bitcoin.
Michael Saylor and Ethereum (CRYPTO: ETH) creator Vitalik Buterin sit aboard, looking messy and tired. The message: cryptocurrency’s big names can’t fix the industry anymore.
Biden responded, saying, “Thanks, Beeple. I’ve been a fan of your art for a long time. This is my new favorite.”
Beeple made headlines in 2021 by selling his non-fungible token-based artwork “Everydays: The First 5000 Days” for $69 million. However, days later, he declared that the NFT art was in a “bubble.”
Crypto: The ‘Inevitable Future,’ Says Biden
Hunter Biden revealed that he accepts Bitcoin as a form of payment for his own artwork and provides blockchain-based certificates of authenticity for his paintings.
The son of former President Joe Biden credited “The Internet of Money, ” a book penned by early Bitcoin advocate Andreas Antonopoulos, for shaping his views on the potential of cryptocurrencies.
In fact, Biden referred to fiat currencies as “sham,” while calling decentralized digital currency and blockchains the “inevitable future.”
Hunter Biden’s Controversial History
Since returning to X last month, Hunter Biden has been candid about his decades-long battle with alcohol and crack cocaine addiction.
Hunter Biden was convicted of three felonies for illegally purchasing and possessing a firearm while being an active drug user. However, he was granted a full and unconditional pardon by his father, Joe Biden, later in the year.
Notably, the Biden administration took a highly skeptical approach toward the cryptocurrency industry, with the SEC under former Chair Gary Gensler seen as hostile by influential advocates, such as Anthony Scaramucci.
Price Action: At the time of writing, BTC was exchanging hands at $63,144.34, up 2.53% in the last 24 hours, according to data from Benzinga Pro.
Photo Courtesy: Andrew Leyden on Shutterstock.com
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