Hunter Biden expressed strong optimism about Bitcoin (CRYPTO: BTC) and pushed back against critics of the cryptocurrency sector on Monday.
Bullish on Bitcoin
During an interview with BMTV, Hunter Biden said he expects Bitcoin to hit $220,000 by 2028.
The son of former President Joe Biden voiced a positive outlook on cryptocurrency, adding that all his art is on the blockchain.
Hunter Biden revealed earlier that he accepts Bitcoin as payment for his artwork and provides blockchain-based certificates of authenticity for his paintings.
He added that blockchains, including Bitcoin, also facilitate cross-border transactions without a “mega monopolistic bank,” and that this narrative could influence their future adoption.
Biden Says Warren is So Wrong About Crypto
Biden also addressed criticism of cryptocurrencies and blockchain technology, particularly from Democrats such as Sen. Elizabeth Warren (D-Mass.).
“I love Elizabeth Warren. I really do. But I think she is so wrong about this,” Hunter Biden said.
He acknowledged the issues within the cryptocurrency world, including “an enormous amount of grift,” but slammed those who make blanket statements that Bitcoin is “going to zero.”
Biden’s Explanation on LAPTOP
Hunter Biden’s comments come at a time when his own memecoin, the LAPTOP (LAPTOP), is attracting eyeballs.
The memecoin, launched earlier this month, has collapsed more than 99% from its peak amid allegations of a pump-and-dump.
Hunter Biden called the launch “horrible,” attributing it to liquidity problems that led to “artificial” price spikes in the first few minutes.
“But the one thing that I’ve been trying to let people know is that there will be a full accounting one way or another,” he said. “I am still 100% committed to this token and all of the intention that I had when I launched it.”
Price Action: As of this writing, BTC is down 0.50% in the last 24 hours to $82,977, according to Benzinga Pro.
Photo Courtesy: Andrew Leyden on Shutterstock.com
Recent Comments