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Bitcoin

Trump Celebrates Bitcoin’s 16th Anniversary, Vows To End Harris’ ‘War On Crypto’

Ronaldo Marquez
by Ronaldo Marquez
10 months ago
·
Posted in Breaking News Ticker
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

As Bitcoin (BTC), the largest cryptocurrency by market capitalization, celebrates its 16th anniversary, former President Donald Trump, now a Republican candidate for the upcoming US presidential election, has issued a message to the cryptocurrency community. 

In a post shared on his social media platform Truth Social and on X (formerly Twitter), the Republican candidate emphasized his commitment to supporting Bitcoin and the broader crypto industry.

Trump Wishes Bitcoin Enthusiasts A Happy Anniversary 

On this occasion, Trump declared his intention to end what he refers to as Kamala Harris’s “war on crypto.” He extended warm wishes to Bitcoin enthusiasts, stating, “Happy 16th Anniversary of Satoshi’s White Paper.” 

This anniversary commemorates the release of the Bitcoin whitepaper by the pseudonymous creator, Satoshi Nakamoto, on October 31, 2008. The document outlined the foundational principles of Bitcoin as a decentralized digital currency.

Related Reading: XRP Ledger DID Amendment Goes Live: Why It’s A Big Deal

Trump’s increasing support for cryptocurrency aligns with his broader political agenda. In his message, he reiterated promises to bolster the industry, including a commitment that “Bitcoin will be made in the USA.” 

Additionally, the former President expressed his intention to advocate for the release of Ross Ulbricht, the founder of the Silk Road online marketplace, who is currently serving a life sentence for his role in facilitating drug trafficking and other illegal activities.

Vice President Kamala Harris on the other hand, has yet to engage extensively with the topic of cryptocurrency, though she has voiced support for establishing a regulatory framework to protect investors, particularly within marginalized communities. 

BTC Struggles To Reach March’s All-Time High

As reported by Bitcoinist, Kamala Harris’s stance aims to ensure that individuals, especially Black men, who invest in and own digital assets are safeguarded under US law. 

However, Trump’s comments seem to have resonated better with the wider crypto community, as evidenced by bets on Polymarket, which gives the Republican candidate a 60% chance of winning the November 5 election for a potential new administration. 

Bitcoin
Trump’s chances of winning against VP Harris. Source: Polymarket.

The former President has also previously vowed to fire SEC Chairman Gary Gensler, whose approach to the industry under President Biden has been characterized by enforcement actions, lawsuits and subpoenas of key players in the digital asset ecosystem, including major firms such as Coinbase, Binance, and Ripple.

Related Reading: Why Is The Dogecoin And Shiba Inu Price Crashing Today?

Despite the celebratory tone surrounding Bitcoin’s anniversary, the largest cryptocurrency’s market performance over the past few days tells a different story. 

In the 24-hour period leading up to the anniversary, Bitcoin’s price retraced nearly 2%, settling at approximately $70,600 per coin. This decline follows several unsuccessful attempts to breach its all-time high of $73,700, reached in March of this year.

Bitcoin
The 1D chart shows BTC’s price correction. Source: BTCUSDT on TradingView.com

Featured image from NBC, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ronaldo Marquez

Ronaldo Marquez

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Ronaldo is a seasoned crypto enthusiast with over four years of experience in the field. He is passionate about exploring the vast and dynamic world of decentralized finance (DeFi) and its practical applications for achieving economic sovereignty. Ronaldo is constantly seeking to expand his knowledge and expertise in the DeFi space, as he believes it holds tremendous potential for transforming the traditional financial landscape.

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