Biden Predicts BTC to Hit $220,000 by 2028, Slams Warren's Crypto Criticism
Hunter Biden, son of former US President Joe Biden, expressed his optimism about Bitcoin's future. In an interview, he predicted that Bitcoin would hit $220,000 by 2028.
Biden also defended cryptocurrency against critics like Sen. Elizabeth Warren (D-Mass.), who has been vocal in her criticism of the sector. He acknowledged issues within the industry, including 'an enormous amount of grift,' but argued that blanket statements about Bitcoin's collapse are unfounded.
The Biden family has been involved with cryptocurrency, as Hunter's artwork is now sold using blockchain technology. This allows for cross-border transactions without a large bank and provides certificates of authenticity for his paintings.