- Hunter Biden said he is fully responsible for LAPTOP’s unfortunate fate after the token lost 98% of its value just an hour following launch.
- Meanwhile, he predicted that Bitcoin will eventually reach $1 million per unit.
Hunter Biden’s Laptop (LAPTOP) was doomed to fail as soon as it launched. As a result, it has become just another cautionary tale for speculative investors, particularly in the memecoin space.
In a recent interview with Altcoin Daily, former President Joe Biden’s son took “100% responsibility” for LAPTOP’s failure. Meanwhile, he remains bullish on Bitcoin (BTC), forecasting that it would eventually hit $1 million per unit.
A Quick Look at LAPTOP
LAPTOP is a memecoin referencing Hunter Biden’s laptop scandal, which sparked a political firestorm during his father’s 2020 presidential campaign. It stemmed from a laptop he left behind and forgot to reclaim at a Delaware computer repair shop, which revealed the Biden family’s shady dealings with Ukraine and other corruption-linked activities. The Federal Bureau of Investigation (FBI) later seized the device pursuant to a subpoena.
The former president’s PR team immediately dismissed the issue as a hit piece. However, The Washington Post claimed that the files on the laptop passed authenticity checks by two forensic information analysts.
The issue was rendered moot when then-President Biden granted his son a “full and unconditional pardon,” effectively shielding him from federal prosecution.
Hunter Biden Takes Accountability for LAPTOP
Hunter Biden launched LAPTOP on September 9 to capitalize on the scandal, borrowing a page from President Donald Trump’s controversial memecoin projects. He clarified that his team had a noble goal for the token: to build a solid community around it. At the same time, he promised to allocate some of its potential earnings to charity and victims of the infamous TRUMP memecoin.
Despite Hunter Biden’s efforts, the joke just started writing itself when his token lost roughly 98% of its value within the first hour of its launch. Now, it sits at a 99% loss from its $401.12 per token price on day one.
The crypto community raised rug-pull allegations following the incident. Meanwhile, Hunter Biden took “100% responsibility” for the fiasco.
Nonetheless, Hunter Biden insisted that the market maker’s gross negligence primarily led to the LAPTOP token’s failure. He emphasized that he remains committed to the project and vowed to “make it right” for people who lost money.
Bitcoin to $1 Million
Amid the Biden administration’s deeply rooted anti-crypto stance, Hunter Biden said he strongly believes in Bitcoin. In fact, he’s confident that it will ultimately reach $1 million per coin.
Without offering any fundamental or technical analysis to back it up, he predicted BTC could reach the target in years, not decades.
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