Hunter Biden Says America’s Dollar Is ‘Fake’ Under Fiat System, Warns Inflation Is Built in When Government Can Print Money ‘at Will’
Hunter Biden called the U.S. dollar "fake" and argued that inflation acts as a built-in tax under the fiat monetary system, extending a pro- Bitcoin (CRYPTO: BTC) position he has increasingly embraced publicly this year. Biden Calls Fiat Money A Sham "The son of the former President of America is openly telling you the dollar is fake," investor Anthony Pompliano wrote on X while sharing a clip from his interview with Biden. He quoted Biden saying, "Fiat is a sham" and, "Any government that can print money at will…doesn't actually equal money." The son of the former President of America is openly telling you the dollar is fake. "Fiat is a sham." "Any government that can print money at will…doesn't actually equal money." "Inflation is built in, it is just a built in tax on the American people." — @HunterBiden pic.twitter.com/quLPSHQW7y — Anthony Pompliano 🌪 (@APompliano) October 6, 2026 "Inflation is built in, it is just a built in tax on the American people," Biden added. Pompliano's Oct. 5 podcast centered partly on why Biden believes in Bitcoin and what he sees as the problems created by government money creation. The conversation also covered Biden's criticism of both the Biden
S. dollar "fake" and argued that inflation acts as a built-in tax under the fiat monetary system, extending a pro- Bitcoin (CRYPTO: BTC) position he has increasingly embraced publicly this year. Biden Calls Fiat Money A Sham "The son of the former President of America is openly telling you the dollar is fake," investor Anthony Pompliano wrote on X while sharing a clip from his interview with Biden. " The son of the former President of America is openly telling you the dollar is fake.
com/quLPSHQW7y — Anthony Pompliano 🌪 (@APompliano) October 6, 2026 "Inflation is built in, it is just a built in tax on the American people," Biden added. Pompliano's Oct. 5 podcast centered partly on why Biden believes in Bitcoin and what he sees as the problems created by government money creation. The conversation also covered Biden's criticism of both the Biden and Trump administrations, artificial intelligence, addiction recovery and his recently launched Laptop (LAPTOP) token.
Read Also: Bernie Sanders Backs Pope Leo's AI Art Warning: 'We Cannot Let Big Tech Oligarchs Destroy It' Pro-Bitcoin Stance Has Grown More Explicit The comments align with Biden's previous crypto stance. " He has since said he accepts Bitcoin for his artwork and recently predicted Bitcoin could reach $220,000 by 2028. Biden has therefore increasingly positioned himself as a Bitcoiner rather than a neutral observer of monetary policy. His LAPTOP memecoin, launched in September, also tied his public identity more closely to cryptocurrency.
Inflation Debate Extends Beyond Money Supply His characterization of inflation, however, simplifies a more complicated relationship. The Federal Reserve says money supply can influence prices but is only one of many variables policymakers monitor. It defines inflation as a broad increase in prices and targets 2% inflation over the longer run, rather than zero inflation. Recent inflation also reflects factors beyond money creation.
4% year over year in August. In an Unchained interview published days earlier, Biden acknowledged that central banks may have "potentially save[d] us from depressions and major recessions," before arguing that post-2008 money creation contributed to persistent inflation. Read Also: This Company Just Became the World's 2nd-Largest Bitcoin Hoarder and It Has More BTC Than Tesla, SpaceX and Coinbase Photo Courtesy: Andrew Leyden on Shutterstock