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A computer-generated fake video featuring Donald Trump “revealing” the Bitcoin whitepaper live in the Oval Office many times has been circulating the internet. In the spliced footage, Trump seems to gift Fox News host Laura Ingraham with a touched-up framed version of “Bitcoin: A Peer-to-Peer Electronic Cash System” as a substitute for the genuine Declaration of Independence. Trump can be heard saying,
“Do you think Joe Biden would do it? I doubt it… Do you think he even knows what it is?”
X and Meta platforms have labeled the clip as fake, noting that there is clear evidence of video splicing.
Debunking the Viral Video
The video of Donald Trump revealing the Bitcoin whitepaper that is currently going viral is fake, according to a fact-checking site. In fact, the raw footage shows Trump holding the U.S. Declaration of Independence—not the Bitcoin document. Social media companies like Meta and X (formerly Twitter) have marked the video as “manipulated media” using community fact-checking tools. These systems aim to limit the dissemination of unverified information, especially related to political figures and financial topics — both of which are classified as high-stakes Y-M-Y-L content.
Trump’s Real Crypto Projects
On the other hand, even if the viral video is a hoax, what President Trump has done on cryptocurrency adoption is not fake. He has promised to make the United States the “crypto capital of the world” since resuming office.
“Past administrations have been hostile to cryptocurrencies. I will direct the SEC and the CFTC to develop clear regulations to help facilitate a free market for stablecoins and the crypto assets they represent in the market structures around them,”
Trump said in a prerecorded speech to the Blockworks Digital Assets Summit, hosted in New York.
The Building of the Strategic Bitcoin Reserve
And in March of 2025, President Donald Trump issued an executive order creating the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile. It is an effort to make the US a world leader in the digital asset space. The reserve will be secured by Bitcoin previously seized by the Treasury and will act as a “digital Fort Knox” to protect and maybe even grow federal crypto holdings. This marks a major pivot in U.S. crypto policy, focusing on national security, economic strategy, and long-term digital asset planning.
Market Reactions and Price Movements
In the wake of these announcements, the crypto market saw significant volatility. The price of bitcoin reached a high of $94,821, and other cryptocurrencies such as Ethereum, Ripple, Solana, and Cardano followed it. However, such gains were followed by small pullbacks, with Bitcoin sinking back under $93,000.
As of March 28, 2025, the Bitcoin price is $85,673; this indicates the market is volatile and very much responsive to the policy changes.
Future Perspectives
The Bitcoin price has attracted several analysts to publish their projections regarding its upper and lower bound. Some predictions argue that positive policies on bitcoin and cryptocurrencies in general under the Trump administration could send the prices of bitcoin soaring to as high as $250,000. These projections are dependent on expected institutional flows, more significant adoption, and useful regulators.
Conclusion
The clip of President Trump presenting the Bitcoin whitepaper is fake, but his administration’s supportive attitude toward crypto is not. The establishment of the Strategic Bitcoin Reserve and attempts to enact federal regulatory structures further point to a transition toward the national-level adoption of digital assets.
These developments demonstrate increasing institutional backing for crypto. With the potential financial and regulatory ramifications, it is paramount that investors and stakeholders verify information meticulously and be vigilant as the U.S. prepares to cement its position in the changing digital asset landscape.
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FAQs
1: Is Trump showing the Bitcoin whitepaper in a viral video real?
No, the video is fake. According to fact-checkers the world over, Trump was holding up the Declaration of Independence, not the Bitcoin whitepaper.
2: What is Trump’s strategic Bitcoin reserve?
It’s a pecuniary authority backed by confiscated Bitcoin, created to safeguard and streamline national digital assets — essentially a modern “digital Fort Knox.”
3: How has Trump’s crypto policy shaped the market?
His pro-crypto statement further drove the market frenzy; Bitcoin hit nearly $95,000 before falling back, indicating strong investor enthusiasm and confidence in crypto.
4: Will Trump’s policies affect future crypto policy?
Yes, by executive order and ending constraining rules, Trump is providing clearer, more favorable U.S. frameworks for crypto regulation.
Glossary of Key Terms
1. Bitcoin Whitepaper
“Bitcoin: A Peer-to-Peer Electronic Cash System” The original paper written by Satoshi Nakamoto describing the principles and mechanics behind Bitcoin, including its distributed ledger system and cryptographic proof of work.
2. Strategic Bitcoin Reserve
TO EARN Stacks (STX)—A U.S. government initiative proposed under President Trump to hold and manage Bitcoin assets—primarily confiscated assets—to act as a digital analogue to traditional gold reserves.
3. Executive Order
An executive order is a legal directive from the U.S. President that generally makes a policy. During this period, Trump signed an executive order to establish crypto-related initiative programs such as Bitcoin Reserve.
4. Digital Asset
A very broad term covering anything from crypto and tokens to value or utility assigned to something on the blockchain. Here are some examples of cryptocurrencies: Bitcoin, Ethereum, and stablecoins like USDT or USDC.
5. Decentralized Finance (DeFi)
Intermediary-free financial services on top of blockchain networks. “The IRS’s interpretation proved untenable, and Trump’s appointees to the IRS set in motion a repeal of the new regulations calling for detailed reporting by DeFi platforms.”
6. Manipulated Media
Deepfakes — digitally manipulated content that misrepresents reality. The phony Trump video falsely claimed he revealed the Bitcoin whitepaper and platforms such as Meta marked it “manipulated” to prevent misinformation.
7. Stablecoin Framework
A suggested legal and regulatory framework for stablecoins or crypto assets pegged to fiat currencies. Its objective is to promote transparency, solvency, and consumer protection.
8. Crypto Regulation
Laws and guidelines of the government designed to regulate digital assets His is an approach that is pro-industry oversight but anti-aggressive enforcement of prior administration actions against innovation.
