Is Biden's photo of laser eyes bullish on Bitcoin? Coinbase: 51% of young people prefer crypto-friendly candidates

Recently, a series of speeches and policies by US President Biden have attracted the attention of the community about his hostility towards cryptocurrency. Especially in the 2023 Presidential Economic Report, the White House Council of Economic Advisers noted that the crypto ecosystem poses harm and risks to consumers, the traditional financial system, and the environment. These remarks and policies have sparked concern and controversy in the cryptocurrency community.

Last year, the White House tried to impose punitive energy taxes of up to 30% on cryptocurrency mining farms, a move that triggered a backlash within the industry. Biden himself said in a speech that he would crack down on tax evasion by cryptocurrency traders.

However, as the 2024 presidential election approaches, Biden, who is in a critical election situation, seems to be wooing young Americans who are friendly to cryptocurrency.

Biden wants to win over young people’s votes?

Biden posted a personal portrait showing laser eyes on the X platform at noon today, which aroused heated discussion in the encryption community. Some netizens joked that Bitcoin will replace the US dollar, while others ridiculed Biden's performance in promoting the Bitcoin market.

Last year he showed off a mug with laser eyes

In fact, in August last year, Biden posted a photo of himself holding a mug with a personal photo of "laser eyes" printed on it. In the video, 2024 is written around the cup.

Unexpectedly, Bitcoin will experience a halving in 2024, so there is speculation that Biden may be hinting at support for Bitcoin. However, some people believe that Biden may not understand the true meaning of the "laser eye" symbol and that this is just a planning by his public relations team.

According to previous reports, Laser Eye was combined with the hashtag #LaserRayUntil100K in the 2021 bull market to express optimism that Bitcoin has entered a "super strong mode" and will continue to surge to a price of US$100,000, although in the end This goal had not yet been achieved. At that time, celebrities including Tesla founder Elon Musk, MicroStrategy founder Michael Saylor, U.S. Senate Bitcoin warrior Cynthia Lummis... all replaced their head stickers with pictures of eyes emitting laser light. .

Coinbase Research: 51% of Millennials and Gen Z Adults Support Crypto-Friendly Candidates

Does Biden know about the connection between Laser Eye and Bitcoin and whether he supports it? Cryptocurrency still needs to be answered by himself. But what is certain is that Biden needs the votes of these adult American citizens who are close to cryptocurrency.

According to an article published by Coinbase, the largest cryptocurrency exchange in the United States, on the 9th, it cited a number of research data to support the support of a large number of California voters and young people across the United States for cryptocurrency.

• According to Morning Consult data, 8.2 million California adults (27% of Californians) own crypto assets.

• Toluna’s latest poll points out that California’s cryptocurrency holders represent the next generation of voters in the state, with 40% of them aged between 18 and 34 years old.

• About 86% of California cryptocurrency holders agree that the global financial system needs to change; 78% of cryptocurrency holders believe policymakers should support new, innovative and disruptive revolutionary technology; 83% of people believe that cryptocurrency and blockchain technology are important economic tools for the future of finance; 79% of people believe that cryptocurrency and blockchain can increase economic opportunities for Americans.

• Nearly four-fifths of California cryptocurrency holders said they would be more likely to vote for a candidate friendly to the U.S. cryptocurrency industry; nationwide, 51% of Millennials Generation Z and Generation Z adults say they are likely to support crypto-friendly candidates in 2024.

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