- Donald Trump Celebrates Bitcoin White Paper Anniversary Promises Crypto Support as he marked Bitcoin’s 16th anniversary on October 31, 2024.
- He pledged to terminate what he termed Kamala Harris’s “war on crypto,” signaling a shift in his political stance towards cryptocurrency.
- Trump emphasized his commitment to fostering Bitcoin innovation in the U.S., declaring that “Bitcoin will be made in the USA.”
- The former president also announced his intention to pardon Ross Ulbricht, the founder of Silk Road, who is currently serving a life sentence.
- Trump’s remarks came just days ahead of the November 5 U.S. general elections, highlighting their potential electoral impact.
Former U.S. President Donald Trump has reaffirmed his commitment to cryptocurrency on the anniversary of Bitcoin’s whitepaper release.
Trump’s message to American Bitcoin supporters included a jab at political rival Kamala Harris and reiterated his plans for crypto-friendly policies.
Trump celebrated Bitcoin’s 16th birthday by promising to end what he calls “Kamala’s war on crypto.” He also expressed support for Bitcoin innovation in the United States. The former president and current Republican candidate stated:
“I would like to wish our great Bitcoiners a Happy 16th Anniversary of Satoshi’s White Paper. We will end Kamala’s war on crypto, & Bitcoin will be MADE IN THE USA! VOTE TRUMP!”
Trump’s message comes just days before the U.S. general elections on November 5th. As a Republican candidate, Trump has been actively courting Bitcoin and cryptocurrency supporters throughout his campaign, pledging to end government Bitcoin sales and dismiss Securities and Exchange Commission chair Gary Gensler.
JUST IN: 🇺🇸 Donald Trump promises to “end Kamala’s war on crypto and #Bitcoin.” pic.twitter.com/exkBqDixh4
— Watcher.Guru (@WatcherGuru) October 31, 2024
In contrast, Harris expressed support for emerging technologies like artificial intelligence and committed to protecting digital asset investors. However, her stance on cryptocurrencies remains less clear compared to Trump’s explicit promises.
Bitcoin adoption and price continue to trend upward ahead of the U.S. election. Sixteen years after Satoshi Nakamoto’s whitepaper release, Bitcoin remains one of the best-performing assets of the past decade, with a 192% increase year-to-date compared to the S&P 500’s 36% gain.
Corporate holders like Michael Saylor’s MicroStrategy have rushed to buy more Bitcoin through capital raises. Spot BTC exchange-traded funds on Wall Street made history, with BlackRock’s fund becoming the fastest-growing ETF, and investors parked over $72 billion in BTC investment products.
As the U.S. presidential race heats up, Trump’s pro-Bitcoin stance could potentially sway cryptocurrency enthusiasts towards supporting him in the upcoming election.
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Last Updated on October 31, 2024 by 247 News Around The World
