In a recent social media post, former President Donald Trump celebrated Bitcoin's 16th anniversary, recognizing the release of the Bitcoin white paper by its creator, Satoshi Nakamoto, in 2008. The post, shared on Truth Social, read: “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! #Bitcoin #FreeRossDayOne.”
Trump wishes Bitcoiners “a Happy 16th Anniversary of Satoshi’s White Paper.” pic.twitter.com/IFA8NLWpCx
— TFTC (@TFTC21) October 31, 2024
The statement reflects Trump’s recent campaign positioning, where he has pledged to roll back what he sees as a restrictive regulatory environment for the U.S. Bitcoin industry. Trump's comments come at a time when Bitcoin is approaching an all-time high, trading above $70,000 and nearing its peak of $73,700.
His reference to Harris’s “war on crypto” highlights a point of contention with the Biden administration, which has taken steps to regulate the sector. President Joe Biden’s appointment of Gary Gensler as Chair of the U.S. Securities and Exchange Commission (SEC) has drawn criticism from Bitcoin industry stakeholders who view Gensler’s regulatory approach as stringent and enforcement-driven.
As the U.S. presidential election approaches, Trump’s remarks underscore the growing role of Bitcoin as a campaign issue. The outcome of the election could shape the future of Bitcoin policy in the United States, impacting how it's governed and integrated into the national economy.
