Jake Paul Mocked for Slamming Biden Amid Crypto Crash

Jake Paul has faced an onslaught of criticism on social media, after sharing a tweet in which he blamed President Joe Biden for a host of U.S. issues.

The YouTuber-turned-boxer, 25, took to Twitter late on Saturday to express his grievances with the Democrat, 79, who succeeded one-term President Donald Trump after defeating him in the November 2020 election.

Focusing on the current economic climate, Paul shared a numbered list of "Biden accomplishments" as he wrote: "1. Highest gas prices, 2. Worst inflation, 3. Plummeting crypto prices, 4. Highest rent prices ever, 5. Created new incomprehensible language."

Concluding his tweet, the social media star added: "If you're reading this and voted for Biden and you still don't regret it then you are the American problem."

While Paul's statement attracted almost 120,000 likes on the micro-blogging platform, he was met with a wave of criticism, corrections and mockery.

Political commentator Keith Olbermann took aim at Paul's claims about Biden negatively impacting crypto prices as he mocked the internet personality.

"Crypto prices, Sonny?" Olbermann wrote. "It really is quite a feat: you're dumber than you look."

Attorney and political commentator A.J. Delgado, who served as senior adviser to the Trump presidential campaign in 2016, responded: "Inflation was caused by the stimulus spending enacted by both R's and D's in 2020 and in [March] 2021.

"Gas prices also caused by a multitude of factors, many preceding Biden.
Rent prices caused by stimulus and by corporate investors'/AIRBNB. Still confused?"

In another tweet, Delgado went on to compare how she believes things would have played out differently, if Trump had successfully secured a second term as president.

"If Trump had been elected instead of Biden the only thing different below would be, I'll grant you, slightly lower gas prices (bc he wouldn't have sanctioned Russia as much). But that's it. The rest is NOT caused by Biden," stated Delgado.

Activist and anti-gun violence advocate Cameron Kasky responded to Paul: "Awwww does baby think the president sets crypto prices?? Is baby sad his dumbf*** investments burnt up a ton of money? Awwwww you should take a nap dear."

Staying with the realm of mockery, political satirist Heather Garner wrote to Paul: "Sorry your pretend money didn't work out."

Spartacus screenwriter Steven McKnight brought up the January 6 Capitol riot, during which some seeking to overturn the 2020 election in Trump's favor took aim at former Vice President Mike Pence.

"Yeah, because voting for the second term of an authoritarian dimwit who would rather unleash a mob to hang his VP than admit he lost an election is a much better choice," McKnight tweeted to Paul, adding: "Idiot."

A tweet from the verified Twitter account of YouTube channel Daily Dose of Internet read: "Hey Jake, the rise in prices isn't solely a USA problem. Post-pandemic demand and the war in Ukraine escalated this to a global issue.

"USA's current inflation is = 8.6%. Many other countries are feeling the pain: Spain = 8.7%; Germany = 7.9%; United Kingdom = 9%."

Earlier this month, World Bank President David Malpass warned of a global recession amid the Russia-Ukraine war, COVID lockdowns in China, supply chain disruptions, and the risk of stagnation.

"For many countries, recession will be hard to avoid. Markets look forward, so it is urgent to encourage production and avoid trade restrictions. Changes in fiscal, monetary, climate and debt policy are needed to counter capital misallocation and inequality," he said in a statement.

With Bitcoin and other cryptocurrencies crashing recently amid a massive selloff, celebrity lawsuits—which were filed earlier this year against stars for using their sizable platforms to advertise cryptocurrencies—re-entered the public conversation.

Paul and a host of other celebrities—including singer Nick Carter, social media star Ben Phillips, and rappers Soulja Boy and Lil Yachty—were in February named in a class-action lawsuit for promoting Safemoon.

CryptoPotato reported at the time that plaintiffs Bill Merewhuader, Christopher Polite, and Tim Viane blamed the celebrities for artificially pumping up the token's value through their endorsements to millions of followers on social media.

Tweets from Paul and Carter promoting Safemoon remained online at the time of publication.

It has become apparent that celebrities and public figures, most notably Tesla and SpaceX CEO Elon Musk—who has frequently tweeted about cryptocurrencies—have the ability to influence the value of the coins simply by making positive or negative comments about them online.

Financial experts have previously warned Newsweek about the risks associated with cryptocurrency trading, including extremely volatile prices that can shoot up or collapse on little more than hype alone.

Jake Paul slams President Joe Biden
Jake Paul is pictured left on February 2, 2022, in New York City. President Joe Biden is pictured right in Santa Fe, New Mexico, on June 11, 2022. Paul has faced a backlash after blaming Biden for a host of issues, including plummeting cryptocurrency prices. J. Yim/Getty Images;/JIM WATSON/AFP via Getty Images