Upcoming Bitcoin Milestone: A Game-Changer in the US
Dennis Porter, the CEO and founder of the Satoshi Act Fund—a non-profit organization advocating for Bitcoin—has been generating buzz with promises of a significant announcement concerning Bitcoin. Through social media platform X, Porter hinted that the announcement, slated for December 12, could serve as a pivotal moment for Bitcoin adoption, particularly in the United States.
Is This the Year’s Biggest Bitcoin Revelation?
On December 10, Porter shared an intriguing message: “It’s happening. The most important announcement in Bitcoin is happening live in less than 48 hours. This Strategic Bitcoin Reserve (SBR) announcement will rapidly speed up the timeline for global Bitcoin adoption. History in the making. Bitcoin is winning.” This statement has sparked anticipation and curiosity across the Bitcoin community.
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Porter has organized a live event on X Space for December 12 at 11:00 AM EST (5:00 PM GMT+1), where additional information is expected to be unveiled. The announcement has sparked mixed reactions within the community. While some express excitement, others remain skeptical, questioning if this is another instance of over-hyped promises.
One user remarked, “Respectfully your announcements have been lacklustre to date. Is this another dud?” Another added, “Oh stop it mate. If you do another Space to announce there’s a county somewhere that wants to set up a Bitcoin strategic reserve, we’ll block you.” Despite these criticisms, Porter and the Satoshi Act Fund are steadfast in their efforts to promote Bitcoin adoption.
State-Level Initiatives and Strategic Bitcoin Reserve
The Satoshi Act Fund has been actively advocating for state-level initiatives in the US to establish a Strategic Bitcoin Reserve. Porter has revealed that up to 10 states are preparing to introduce SBR legislation. Furthermore, he suggested that one of the world’s largest economies would play a crucial role in this announcement, emphasizing the significance of mainstream media coverage. Leading media outlets have reportedly committed to covering this groundbreaking development.
On December 5, Porter stated, “Next week there will be an announcement that will fundamentally shift the dialogue around Bitcoin. No one is ready for what’s coming. One of the largest economies in the world is poised to win with Bitcoin. Two huge mainstream outlets already agreed to cover it. It’s that big.” He followed up on December 7, confirming, “I can confirm now that we have 7 journalist[s], some from the largest and most important outlets. We are going to win so big.”
Fundraising and Legislative Progress
While the details remain under wraps, it is clear that a US state-level initiative is in the works. The Satoshi Act Fund is actively fundraising to support the introduction of SBR legislation in multiple states, aiming to raise $500,000 in donations. According to their official donation website, “We have lawmakers in 10 states that are ready to introduce ‘Strategic Bitcoin Reserve’ legislation at the state level. We already helped Pennsylvania lawmakers make this bill introduction and in 2025 many more lawmakers will join this movement. Governments will be buying Bitcoin in the USA in less than 6 months!”
As of December 9, Porter announced significant progress: “We have raised $150,000 to fund the passage of Strategic Bitcoin Reserve legislation. We are way ahead of schedule. Join the movement and help us smash through our $500,000 goal by donating.”
At the time of writing, Bitcoin is trading at $98,746, marking a significant milestone in its price trajectory.
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