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 x.com/realDonaldTrump/status/1852033244729860397″ target=”_blank” rel=”noopener nofollow”>mail Shared on his social media platform Truth Social and on x (formerly twitter), the Republican candidate emphasized his commitment to supporting bitcoin and the crypto industry in general.
Trump wishes bitcoin enthusiasts a happy anniversary
On this occasion, Trump declared his intention to end what he calls Kamala Harris “war on cryptocurrencies.” He extended warm wishes to bitcoin enthusiasts and stated, “Happy 16th anniversary of the Satoshi White Paper.”
This anniversary commemorates the publication of the bitcoin whitepaper by pseudonymous creator, Satoshi Nakamoto, on October 31, 2008. The paper describes the fundamental principles of bitcoin as a decentralized digital currency.
Trump is rising support The idea of cryptocurrencies aligns with his broader political agenda. In his message, he reiterated promises to boost the industry, including a commitment that “bitcoin will be made in the US.”
Furthermore, the former president crypto–S52r64qKzlUHWKAOGwlq” target=”_blank” rel=”noopener nofollow”>voiced their intention to advocate for the release of Ross Ulbricht, the founder of the online marketplace Silk Road, 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 broadly address the issue of cryptocurrencies, although she has expressed support for establishing a regulatory framework to protect investors, particularly within marginalized communities.
btc struggles to reach March all-time high
As reported According to Bitcoinist, Kamala Harris' stance is aimed at ensuring that people, especially black men, who invest and own digital assets are protected under US law.
However, Trump's comments appear to have resonated better with the broader crypto community, as evidenced by bets at Polymarket, giving the Republican candidate a 60% chance of winning the November 5 election for a possible new administration.
The former President had also previously fiance fire SEC chairman Gary Genslerwhose approach to the industry under President Biden has been characterized by enforcement actions, lawsuits and subpoenas from key players in the digital asset ecosystem, including major companies such as Coinbase, Binance and Ripple.
Despite the celebratory tone surrounding the anniversary of bitcoin, the largest cryptocurrency market performance In recent days he tells a different story.
In the 24-hour period leading up to the anniversary, the price of bitcoin fell almost 2%, settling at approximately $70,600 per coin. This drop comes after several failed attempts to surpass its all-time high of $73,700, reached in March of this year.
Featured image from NBC, chart from TradingView.com
