Originally published on: November 14, 2024
Since the surprising victory of Donald Trump in the US presidential election, the crypto markets have been on fire, with Bitcoin inching closer to the coveted $100,000 mark. The once elusive dream of a six-figure BTC price now seems within reach, sparking excitement among holders who have embraced the “laser eyes” trend as a bold display of confidence in Bitcoin’s future.
The Bitcoin laser eyes trend has taken the crypto community by storm, with enthusiasts adding glowing laser eyes to their profile pictures to signal their bullish belief in Bitcoin reaching $100,000. This playful trend gained traction during the last bull cycle, with a few daring politicians adopting it to showcase their conviction in Bitcoin’s trajectory.
One such policymaker making waves in the crypto sphere is Salvadoran President Nayib Bukele, who made headlines by making Bitcoin legal tender in his country, a first-of-its-kind move. With skin in the game, Bukele has turned his eyes into laser beams, symbolizing his unwavering support for Bitcoin’s rise to $100,000.
El Salvador’s groundbreaking Bitcoin Law aimed at increasing financial inclusion and reducing remittance fees has set the stage for crypto adoption in the country. Despite initial technical challenges, Bukele has had several “I told you so” moments, including paying off $800 million of sovereign debt ahead of schedule, boosting investor confidence in El Salvador.
In the US, President Joe Biden inadvertently joined the ranks of Bitcoin supporters by sporting a laser-eye profile picture, sparking speculation about his stance on cryptocurrencies. Although not a Bitcoin maximalist, Biden’s administration has proposed stricter regulations for crypto exchanges, highlighting the growing scrutiny of digital assets by regulatory bodies.
US Republican Senator Cynthia Lummis has emerged as a vocal advocate for Bitcoin in Congress, spearheading legislation to create a favorable regulatory framework for crypto assets. Her efforts, including the proposed BITCOIN Reserve Act, aim to position the US as a leader in the crypto space while addressing concerns about regulatory clarity.
Miami Mayor Francis Suarez has been a driving force behind Miami’s transformation into a global cryptocurrency hub, facilitating the integration of blockchain technology and Bitcoin into the city’s financial infrastructure. His vision of making Miami a crypto capital has attracted major players in the industry, reinforcing the city’s reputation as a crypto-friendly environment.
Mexican Senator Indira Kempis and former Paraguayan Deputy Carlitos Rejala have also advocated for crypto adoption in their respective countries, exploring the potential benefits of digital assets and blockchain technology. Their efforts reflect a growing trend of policymakers embracing cryptocurrencies as a means of driving economic growth and financial inclusion.
While the future of Bitcoin’s price remains uncertain, these policymakers’ unwavering support for crypto signals a broader shift towards embracing digital assets as a transformative force in the global economy. As Bitcoin enthusiasts eagerly await the elusive $100,000 mark, the crypto landscape continues to evolve, driven by the vision and conviction of policymakers championing the adoption of cryptocurrencies.
