Donald Trump celebrates Satoshi’s whitepaper anniversary

On Bitcoin’s 16th birthday, former US President Donald Trump reaffirmed his promise to end the government’s crackdown on the cryptocurrency.

Trump’s message to Bitcoin supporters in the United States on the anniversary of the Bitcoin whitepaper written by its creator, Satoshi Nakamoto, included a jab at political rival Kamala Harris.

The former president and current Republican candidate stated that he would end the “war on crypto” and support Bitcoin innovation in the United States. He also reiterated his plan to pardon Silk Road founder Ross Ulbricht, who is serving a life sentence.

Congratulations to our great Bitcoin users on the 16th Anniversary of Satoshi’s White Paper. We will end Kamala’s war on crypto and Bitcoin WILL BE MADE IN THE USA! VOTE FOR TRUMP! #Bitcoin #FreeRossDayOne

— Donald J. Trump (@realDonaldTrump) 31 October 2024

Trump’s Bitcoin rhetoric comes days before the US general election on November 5. The Republican candidate has courted Bitcoin and crypto supporters for months, promising to end government sales of Bitcoin and oust Securities and Exchange Commission chairman Gary Gensler.

On the other hand, Harris expressed his support for emerging technologies such as artificial intelligence and his commitment to protecting digital asset investors.

Meanwhile, Bitcoin adoption and price continued its upward trend. Ahead of the US elections, supporters suggested that Bitcoin would be successful regardless of the winner. Sixteen years after Satoshi’s white paper was published, Bitcoin remains one of the best-performing assets of the past decade, with a year-to-date gain of 192% compared to the S&P 500’s gain of 36%.

Owners of companies like Michael Saylor’s MicroStrategy have moved to buy more Bitcoin through capital raises. Spot BTC exchange-traded funds on Wall Street made history as the BlackRock fund became the fastest-growing ETF and investors parked over $72 billion in BTC investment products.