Dennis Porter, head of the Satoshi Act Fund, is hyping a massive Bitcoin announcement set for December 12th. He claims it’ll be a game-changer for Bitcoin adoption, especially in the US.
A Landmark Announcement?
Porter’s been teasing this “landmark” announcement on X (formerly Twitter), calling it the most important Bitcoin news of the year. He says it involves a “Strategic Bitcoin Reserve” (SBR) and will dramatically speed up global Bitcoin adoption. He’s even scheduled a live X Space event to reveal all on December 12th at 11:00 AM EST.
Mixed Reactions
The crypto community’s reaction is mixed. Some are skeptical, calling it another “announcement of an announcement.” Others are downright annoyed by the hype. Despite the criticism, Porter’s sticking to his story.
What’s the Big Deal?
Porter’s been pushing for US states to create SBRs. He recently said that as many as 10 states are preparing to introduce related legislation. He’s also hinted that a major global economy (likely the US) is involved, and that major news outlets are already on board to cover the story. He even claimed to have secured commitments from several journalists at top news organizations.
Funding the Movement
The Satoshi Act Fund is actively fundraising to support these SBR initiatives, aiming to raise $500,000. They’ve already raised $150,000 and claim to be ahead of schedule. Their website boldly states that governments will be buying Bitcoin in the US within six months.
The Bottom Line
While details are scarce, it seems the announcement will center around a US state-level initiative to establish a Strategic Bitcoin Reserve. Whether it lives up to the hype remains to be seen. At the time of writing, Bitcoin was trading at $98,746.
