Hunter Biden: "Bitcoin (BTC) Will Reach $220,000 by 2028"

▲ Bitcoin (BTC), Rise/ChatGPT Generated Image

Hunter Biden, the second son of former U.S. President Joe Biden, has put forth a bold prediction that the price of Bitcoin (BTC) will surge to $220,000 per coin by 2028. He strongly criticized the anti-cryptocurrency stance of key Democratic figures and called for bipartisan support for virtual assets.

According to Benzinga, a U.S. financial media outlet, on September 28 (local time), Hunter Biden appeared in a virtual asset podcast interview and emphasized Bitcoin's long-term growth potential. Biden asserted, "Bitcoin is not merely a speculative asset but an inevitable evolutionary process of the global financial system," adding, "Bitcoin will surpass $220,000 by 2028." This diagnosis suggests that institutional capital inflow combined with a limited supply structure will drive a long-term upward rally.

At the same time, he launched sharp criticism at the hardliners within the Democratic Party regarding virtual asset regulation. Biden directly named U.S. Senator Elizabeth Warren, stating, "Senator Warren's anti-cryptocurrency policies are completely misguided." He pointed out that pushing for excessive regulation by defining the virtual asset industry as a hotbed of crime and money laundering is eroding America's financial innovation and global competitiveness.

Biden emphasized that virtual assets should not be divided along political ideologies. He urged, "Cryptocurrency and blockchain technology cannot be the exclusive preserve of either the Republican or Democratic Party," and "the U.S. must secure leadership in the next-generation digital asset industry through bipartisan cooperation." He explained that attention should be paid to the technological essence of providing financial sovereignty to individuals marginalized by the exclusive structures of traditional finance.

The market is paying attention to the fact that a key figure from the Biden family directly criticized the Democratic Party's regulation-only stance along with the $220,000 Bitcoin forecast. With cryptocurrency emerging as a key political issue ahead of the presidential election, this is analyzed as evidence that calls for an inclusive approach to virtual assets are growing even within the traditional Democratic Party supporter base.

Internal criticism towards the Democratic leadership, who have advocated for strict regulations, has surfaced, further complicating the political calculations surrounding digital asset policy. Amidst the regulatory conflicts in Washington, market attention is focused on Bitcoin's journey towards institutionalization, eyeing the $220,000 mark by 2028.

[Article Key Summary]

-Hunter Biden predicted that Bitcoin (BTC) would surpass $220,000 by 2028.

-He strongly criticized Senator Elizabeth Warren's cryptocurrency regulatory drive and warned against hindering financial innovation.

-He urged bipartisan cooperation for the U.S. to take the lead, stating that virtual assets are not tools for political strife.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*