Trump and Biden: Maxing out Bitcoin

Author: Qin Jin

Recently, Bitcoin’s presence has been a bit overwhelming. Three current and former presidents/prime ministers have maxed out their Bitcoins one after another.

First of all, former US President Trump swiped. Secondly, former British Prime Minister Johnson brushed up. Finally, US President Biden brushed up. Three brushes in a row. Biden and Trump are swiping to win votes. Johnson brushes for a living. In short, Bitcoin’s existence cannot be said to be overwhelming.

On February 20, Trump said in an interview with Fox News before the South Carolina primary election, "I can accept Bitcoin." This statement was interpreted by the outside world as Trump's stance on Bitcoin is softening. This is in sharp contrast to the previous tough stance on Bitcoin. This move quickly triggered media public opinion. Trump also said that Bitcoin has taken on a life of its own and may need some regulation. A lot of people are embracing it. I see more and more people wanting to pay in Bitcoin. Either way, I'm okay with it.

As early as 2019, when Trump was president, he expressed his dislike for cryptocurrencies, calling them "not money." He also reiterated on Tuesday that "I have always liked one currency, and that is the U.S. dollar."

What I'm curious about is that Trump's stance on Bitcoin has changed from "not What happened behind the process from "liking" to "accepting" that made him change his past tough stance? And why did you change your position at this time? You know, since the U.S. SEC approved the applications of 11 Bitcoin spot ETF issuers on January 11, it can be said that Bitcoin has attracted the attention of global investors. ETF issuers on Wall Street are releasing an important signal to the world in terms of capital flows and Bitcoin reserves. Bitcoin is no longer a non-compliant investment product in the past, but a truly compliant investment product. Especially in the United States, 11 Bitcoin ETF issuers, including BlackRock, have launched a Bitcoin advertising war on Google and outdoor buildings. According to incomplete statistics, as early as 2022, nearly 14% of Americans hold digital assets. Young people make up the majority of these people.

The current time node is a critical moment for winning votes in the US election, and Bitcoin is an important digital asset sought after by young people. It is not difficult to imagine that the real motive behind Trump’s statement is to cater to the current broad group of young Bitcoin fans, hoping that they will vote for him. Therefore, it is wise to choose to side with the young audience of Bitcoin. Winning votes is currently an important task for Trump and Biden.

In fact, Biden launched a campaign to attract votes around Bitcoin on social media X and Tiktok earlier than Trump. It’s just that Biden’s approach is slightly different from Trump’s. Although it is all inseparable from the careful preparation and planning of their work team. But the goal is to achieve the same goal by different means, votes in the hands of young people.

On February 12, US President Biden posted photos and related videos of the "Dark Brandon Laser Eyes" emoticon package on social media X and Tiktok. After two days of public opinion fermentation, it triggered widespread concern, speculation and discussion in the encryption world, the sports world, the political world and even the entertainment world.

The "Dark Brandon Laser Eyes" emoticon package is an indirect support for the cultural context of the crypto community. This laser eye expression has been used in the narrative context of the crypto community in 2021 to mean the belief that Bitcoin will eventually rise to $100,000 and hit a record high in the bull market. With the subsequent evolution of the laser eye crypto cultural movement, the relationship between laser eye and Bitcoin has become inseparable.

This Bitcoin cultural movement has well-known entrepreneurs Elon Musk, Michael Saylor, computer scientist Nick Szabo and even SEC member Cythia Lummis actively participating in it. There was a kind of laser eye craze in the crypto community at the time. Looking at the entire Twitter square and information flow, all laser-eyed avatars come into view. Even this craze for crypto community culture has spread to domestic WeChat Moments. It can be said to have attracted widespread participation from audiences in the global crypto community. Especially young people make up the majority.

The motive behind Biden’s laser eyes emoticon pack is to use Bitcoin’s attention among the broad young audience in the American crypto circle and even other circles to win them over. The votes in your hands support your candidacy for the next President of the United States. Both TikTok and X are important online forces connecting young voters. This "laser eye" can be said to be a campaign manifesto for young voters, or it can be said to be a self-redefinition for young voters. Through these two methods, Millennials and Generation Z living on the Internet can re-recognize their new identities and hope to be recognized by them.

Another public figure who has maxed out Bitcoin is Boris Johnson, the former British Prime Minister who has not been seen for a long time. According to foreign media reports, Tucker Carlson, a well-known independent media personality in the United States, recounted his attempt to get former British Prime Minister Boris Johnson to sit down for an interview to discuss Ukraine and Tucker’s recent trip to Russia. story. Johnson's condition was that he wanted Tucker to pay him $1 million before agreeing to be interviewed. At the same time, Johnson requested that the $1 million be paid in "US dollars, gold or Bitcoin." And not including British pounds.

Marty Bent, a well-known media person in the American encryption industry, criticized this and pointed out that this move highlights how cunning this ordinary politician is. Rather than being a man and agreeing to have a conversation in which he can engage in an honest exploration of competing ideas in order to provide the public with a better context and enable them to gain better knowledge about the issues involved Topic to arrive at a more informed opinion. Instead, Johnson seemed more interested in a fat paycheck.

Marty Bent also said that although Boris Johnson is a militant nationalist and hopes to invest billions more in the war in Ukraine, he is " The "paid currency" field is still very tasteful. If he's going to risk embarrassing himself in front of a global audience, he might as well walk away with some good money. His use of Bitcoin as a payment method shows two things: First, he understands the best way to preserve wealth in the long term. Second, Bitcoin is more respected among those who understand the current monetary system than most people realize.

Johnson’s charging of Bitcoin as payment for the interview was also viewed by Marty Bent as a bullish indicator for Bitcoin. Marty Bent said that Boris Johnson is part of a political class that has begun a concerted effort over the past fifteen years to label Bitcoin as the currency of drug dealers and money launderers. They were the first to try to keep ordinary people away from Bitcoin, even preventing ordinary people from using Bitcoin, and at the same time requiring ordinary people to pay for themselves with Bitcoin.

This is an important signal. They know Bitcoin is the better currency. This is an undeniable fact. There are only 21 million Bitcoins. It can be divided. It is portable (via the Internet). It is easy to verify and low cost. Extremely difficult to destroy. No centralized control. Moreover, its competitors all suffer from chronic illnesses. Every fiat currency is mathematically destined to be devalued into oblivion. Precious metals are poorly centralized and impractical for facilitating day-to-day trade. As Michael Saylor likes to say, there's no such thing as second best. Most of the world is not aware of this fact yet, but that does not deny that it is a fact. Bitcoin is the best currency in the world, that’s an objective fact. Boris Johnson understands this, and so do many others like him.