Former U.S. President Donald Trump marked the 16th anniversary of Bitcoin’s white paper with a post on his X account.

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

“I’d like to congratulate all our amazing Bitcoin supporters on the 16th anniversary of Satoshi’s white paper. We will end Kamala’s war on crypto. Bitcoin will be made in the USA! Vote Trump,” he wrote.

Trump’s statement underscores his shift towards pro-crypto sentiments ahead of the upcoming elections. In July, he attended the Bitcoin 2024 Conference in Nashville, where he promised to fire SEC Chair Gary Gensler and establish a strategic Bitcoin reserve.

Market Implications

JPMorgan analysts suggest that Trump’s potential victory could fuel price surges for both Bitcoin and gold, reflecting his supportive stance on cryptocurrencies.