No, Trump Does Not Disclose the Bitcoin Whitepaper—But Here Is What He Has Done

A fake video generated by a computer showing Donald Trump "revealing" the Bitcoin white paper live in the Oval Office has circulated on the internet multiple times. In the edited footage, Trump appears to present Fox News host Laura Ingraham with a framed edited version of "Bitcoin: A Peer-to-Peer Electronic Cash System" to replace the actual Declaration of Independence. Trump can be heard saying that, "Do you think Joe Biden will do that? I doubt it... Do you think he even knows what it is?" Platforms X and Meta have labeled this clip as fake, noting that there is clear evidence of video manipulation. Expose Viral Video According to a fact-checking website, the video of Donald Trump revealing the Bitcoin white paper that is currently circulating is a fake. In fact, the raw footage shows Trump holding the United States Declaration of Independence—not a Bitcoin document. Social media companies like Meta and X (formerly known as Twitter) have marked videos as "manipulated media" using community fact-checking tools. These systems aim to limit the spread of unverified information, especially information related to political figures and financial topics — both of which are classified as high-risk YMYL content.

The Real Cryptocurrency Projects of Trump On the other hand, even if the viral video is a hoax, what President Trump has done regarding the adoption of cryptocurrency is not a fabrication. He has promised to make the United States the "cryptocurrency capital of the world" since taking office. "Previous administrations have been hostile to cryptocurrency. I will direct the SEC and CFTC to establish clear regulations to facilitate a free market for stablecoins and the cryptocurrency assets they represent within the surrounding market structures," Trump spoke in a pre-recorded speech at the Blockworks Digital Asset Summit held in New York. Build a Strategic Bitcoin Reserve Fund In March 2025, President Donald Trump issued an executive order to create a Strategic Bitcoin Reserve Fund and a Digital Asset Reserve of the United States. This is an effort to make the United States the leading country in the field of digital assets. This reserve fund will be backed by Bitcoin that has previously been seized by the Treasury Department and will operate as a "Digital Fortress" to protect and even potentially grow the amount of federal cryptocurrency held. This marks a significant turning point in U.S. cryptocurrency policy, focusing on national security, economic strategy, and long-term digital asset planning. Market Reaction and Price Fluctuation After these announcements, the cryptocurrency market has witnessed significant volatility. The price of Bitcoin reached a high of $94,821, and other cryptocurrencies like Ethereum, Ripple, Solana, and Cardano also followed suit. However, such increases were accompanied by small pullbacks, with Bitcoin dropping below $93,000. As of March 28, 2025, the price of Bitcoin is $85,673; this indicates that the market is very volatile and reacts strongly to policy changes. Future Prospects The price of Bitcoin has attracted some analysts to publish their predictions regarding its upper and lower limits. Some forecasts suggest that positive policies on bitcoin and cryptocurrency in general under the Trump administration could cause the price of bitcoin to soar up to $250,000. These predictions depend on anticipated institutional capital flow, increased adoption, and helpful regulatory bodies. Conclusion The clip of President Trump presenting the Bitcoin white paper is fake, but his administration's supportive attitude towards cryptocurrencies is not. The establishment of the Strategic Bitcoin Reserve Fund and efforts to enact federal regulatory frameworks further indicate a shift towards the adoption of digital assets at the national level. These developments demonstrate the increasing support of organizations for cryptocurrencies. With potential financial and regulatory implications, it is crucial for investors and stakeholders to verify information meticulously and remain vigilant as the United States prepares to strengthen its position in the evolving landscape of digital assets.