Biden's Super Bowl Meme Sparks Crypto Speculation

United States President Joe Biden recently sparked a buzz in online circles with a meme posted after the Super Bowl, but it wasn't about Bitcoin as many might have expected. Biden inadvertently found himself at the center of Bitcoin conversations after sharing a picture of himself adorned with laser eyes on his X and Instagram profiles. The caption, "just like we drew it up," was a playful reference to the outcome of the 2024 Super Bowl, where the Kansas City Chiefs emerged victorious against the San Francisco 49ers.

Initially, crypto enthusiasts interpreted the meme as a nod to or endorsement of Bitcoin. However, Biden's use of the "Dark Brandon" meme suggests otherwise. This meme alludes to a conspiracy theory suggesting that the Super Bowl was rigged to ensure a win for Travis Kelce's team, enabling pop star Taylor Swift to subsequently endorse Biden for president.

Biden's social media team has previously employed the Dark Brandon meme to portray the president as trendy and unconventional. In this instance, the post humorously implies Biden's involvement in orchestrating the team's victory.

The crypto community swiftly reacted to the meme, with some speculating about its implications for the ETH/BTC chart, while others criticized Biden for cultural appropriation. It's important to note that Biden has not endorsed any cryptocurrency policies, making it improbable that he would explicitly endorse a specific digital asset.

According to Coinbase's nonprofit advocacy organization Stand with Crypto, Biden's public statements on digital assets have generally leaned toward a negative stance.

The trend of using laser eyes as a symbol of optimism for Bitcoin gained momentum on social media as part of an effort to drive the cryptocurrency's price to $100,000 by the end of 2021. Prominent figures such as NFL star Tom Brady, Paris Hilton, and Elon Musk have previously sported laser eyes in support of Bitcoin.

While Biden unintentionally nodded to Bitcoin with his meme, Jack Dorsey, CEO of Block (formerly Square), made a more direct reference to the digital asset at the Super Bowl. Dorsey was spotted wearing a Satoshi T-shirt reminiscent of popular Nirvana tees, featuring a smiley face akin to the band's album artwork from 1991.