Trump Celebrates Bitcoin’s sixteenth Anniversary, Vows To End Harris' 'War On Crypto'

As Bitcoin (BTC), the most important cryptocurrency by market capitalization, celebrates its sixteenth 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 Completely satisfied Anniversary

On this occasion, Trump declared his intention to finish what he refers to as Kamala Harris’s “war on crypto.” He prolonged warm wishes to Bitcoin enthusiasts, stating, “Completely satisfied sixteenth Anniversary of Satoshi’s White Paper.”

This anniversary commemorates the discharge 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.

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

Moreover, the previous President expressed his intention to advocate for the discharge of Ross Ulbricht, the founding father of the Silk Road online marketplace, who’s currently serving a life sentence for his role in facilitating drug trafficking and other illegal activities.

Vice President Kamala Harris alternatively, has yet to have interaction extensively with the subject of cryptocurrency, though she has voiced support for establishing a regulatory framework to guard investors, particularly inside marginalized communities.

BTC Struggles To Reach March’s All-Time High

As reported by Bitcoinist, Kamala Harris’s stance goals to be certain that individuals, especially Black men, who spend money on and own digital assets are safeguarded under US law.

Nevertheless, Trump’s comments appear to have resonated higher with the broader crypto community, as evidenced by bets on Polymarket, which provides the Republican candidate a 60% probability of winning the November 5 election for a possible latest administration.

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

The previous President has also previously vowed to fireside SEC Chairman Gary Gensler, whose approach to the industry under President Biden has been characterised by enforcement actions, lawsuits and subpoenas of key players within the digital asset ecosystem, including major firms akin to Coinbase, Binance, and Ripple.

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

Within the 24-hour period leading as much as the anniversary, Bitcoin’s price retraced nearly 2%, settling at roughly $70,600 per coin. This decline follows several unsuccessful attempts to breach its all-time high of $73,700, reached in March of this 12 months.