Trump celebrates Satoshi's whitepaper

In his letter to American Bitcoin fans on the anniversary of Satoshi Nakamoto's whitepaper, which created Bitcoin, Trump jabbed at Kamala Harris, a political competitor. According to the former president and current Republican contender, he promised to end the "war on crypto" and back Bitcoin innovation in the US. Ross Ulbricht, creator of Silk Road and now receiving a life sentence, would be pardoned, he said again.

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

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

Trump's Bitcoin comments occurred days before the Nov. 5 general election. For months, the Republican nominee has promised to prohibit government Bitcoin purchases and fire SEC chief Gary Gensler. Harris, however, supported AI and promised to safeguard digital asset investors. Bitcoin adoption and price have risen. Bitcoin enthusiasts predicted success regardless of the winning candidate before the U.S. election. Bitcoin is one of the best-performing investments of the previous decade, up 192% year-to-date compared to the S&P 500's 36%.

Corporate holdings like MicroStrategy, led by Michael Saylor, raised cash to acquire additional Bitcoin. BlackRock's BTC ETF was Wall Street's fastest-growing, and investors invested $72 billion in BTC products.