PANews reported on October 31 that according to Cointelegraph, MicroStrategy Executive Chairman Michael Saylor seems to have been deceived by a social media post containing false information about Trump's stance on taxing cryptocurrencies. On October 30, Saylor quoted Trump in an X post to his more than 3.6 million followers, saying that cryptocurrencies should not be taxed and that "Bitcoin is money."

Upon investigation, the false quote originated from the X account Basedkarbon, which claimed in a post on October 28 that the Republican candidate made the above remarks in a "recent interview." Basedkarbon posted a comment on Saylor's post on October 30: "Cryptocurrency is not taxed is a microcosm of how information spreads. Things are true only because someone claims it is true. The whole world is people saying things and making them true."