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Joe Biden Sparked Resonance in the Crypto Community with the "Laser Eyes" Meme
02/12/2024

Joe Biden Sparked Resonance in the Crypto Community with the "Laser Eyes" Meme

02/12/2024
5,0

US President Joe Biden inadvertently joined the Bitcoin meme "Laser Eyes". How did it happen and how did the main cryptocurrency react.

On his X, Joe Biden posted a photo with laser eyes, which caused a stir in the cryptocurrency community. The unusual trend started back in 2021, when a number of famous figures posted images on their social networks showing them shooting photon beams from their eyes. One X user started posting images of his friends with "laser eyes" every time Bitcoin went up in value. The #LaserRayUntil100K movement marked the publication of "laser eyes" until Bitcoin reached the $100,000 mark. Thus, the meme quickly became a sort of expression of support for Bitcoin.

Prominent figures who have picked up on the meme include Elon Musk, Paris Hilton, and politicians such as Warren Davidson and Cynthia M. Lummis. In 2023, Joe Biden unknowingly joined the movement when he was advertising merchandise for his campaign. At the time, many thought his move was just part of a campaign to win more votes in the election, as Biden is known for his not-so-friendly stance on cryptocurrencies.

Last night, the US President's post once again stirred the crypto community. A tweet where Biden appeared with "laser eyes" briefly gave hope to the hearts of Bitcoin maximalists. In fact, it turned out to be Joe Biden endorsing the NFL team Kansas City Chiefs' victory over the San Francisco 49ers in Super Bowl 2024.

Still, many remain convinced that Joe Biden's post was one shot at two birds. They speculate that the Super Bowl results were staged to ensure that Taylor Swift's boyfriend Travis Kelsey's team won so that the pop superstar could support Biden in his presidential run. To the same end, the 'unaware' post on X is meant to poach Bitcoin maximalists in the upcoming election. Biden's opponent, Donald Trump, is known to have gained the trust of the crypto community with his recent actions and statements. However, all of this remains just theories, and some cryptocurrency supporters have managed to criticize the incumbent president in cultural appropriation.

Bitcoin has not reacted in any way to Joe Biden's post on X. Over the past 24 hours, the price of the asset rose by 0.24%. At the time of writing, Bitcoin was trading at $48,305.

Source and Copyright © TradingView

Last weekend, Bitcoin started a serious growth above the resistance zone of $45,500 and overcame significant resistance levels. The price tested the $48,800 zone, but the asset then fell slightly. The next stop for the bulls is still $48,800. A move above this resistance level could send Bitcoin towards $49,250, $49,800 and even $50,000. Otherwise, Bitcoin will continue to fall to support levels of $48,000, $47,650 and $46,602.

This is not a 100 percent statement. The cryptocurrency market is very volatile. Investors should remain cautious and remember the importance of DYOR.


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The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.

Elon Musk


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