Trump To End War on Crypto, Wishes Bitcoiners a Happy Anniversary of Satoshi's Whitepaper

Former United States President Donald Trump wished Bitcoiners a great anniversary, marking Satoshi Nakamoto's Whitepaper.

Former United States President Donald Trump marked the anniversary of Satoshi Nakamoto's Whitepaper with a greeting to Bitcoiners on social media. This comes ahead of the US Presidential election, which is expected to influence the dynamics of crypto assets in the country.

Crypto users celebrated the past growth and developments of the asset, aiming to achieve Satoshi's vision.

Trump To End War on Crypto

The Republican Presidential candidate has shown support for the digital asset industry throughout the campaign, pledging to back Bitcoin. This marks a shift from his previous stance on the market.

At the last Bitcoin Conference, Trump announced several pro-industry initiatives, including halting U.S. Government Bitcoin sales to create a strategic reserve in the process.

Trump and other Republicans also stated that they would stop efforts to create a Central Bank Digital Currency (CBDC) in the United States. This remains a contentious issue, with crypto enthusiasts highlighting privacy concerns and the government's potential control over citizen spending through programmable money. In essence, crypto users view CBDC as ضد العملة الرقمية ومحاولة لخفض تبني الأصول.

The Biden administration has maintained a hostile stance toward crypto assets, with the Securities and Exchange Commission (SEC) filing multiple lawsuits amid unclear regulations. Trump has vowed to end the war on the market and introduce clear rules.

“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,” he tweeted.

Bitcoin: A Trillion Dollar Asset

After sixteen years, Bitcoin has become a worldwide phenomenon, known for its rapid adoption and soaring value. This year, Bitcoin reached a new all-time high of over $73,000 and has remained close to that level this month. The asset is now the 10th largest, valued at $1.4 trillion. The adoption of the crypto market leader has also paved the way for other digital assets in the space.

Significantly, Bitcoin's rise is driven by its utility and institutional investment. Many enthusiasts view it as a store of value and a hedge against inflation. As macroeconomic conditions worsen, financial consumers are turning to Bitcoin to preserve their wealth, earning it the moniker “digital gold.” The approval of spot Bitcoin ETFs in January has increased investor appetite in the market, opening up a new avenue for institutions, many of which were previously hostile.

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