In a series of public statements, Dennis Porter, CEO and founder of the non-profit advocacy organization Satoshi Act Fund, raised expectations for what he described as a historic bitcoin announcement. Speaking on social media platform
The most important Bitcoin announcement of the year?
On December 10, Porter books: “It’s happening. The most important announcement in Bitcoin will be announced live in less than 48 hours. The Strategic Bitcoin Reserve (SBR) announcement will accelerate the timeline for global Bitcoin adoption. History is in the making. Bitcoin is winning.”
Porter has set an X Space live date for December 12 at 11:00 AM EST (5:00 PM GMT+1), where more details are expected to be revealed. Community reactions were mixed, with some users expressing skepticism about the “advertisement” tactics.
One user commented: “With respect, your ads have been lackluster so far. Is this another nonsense?” Another wrote: “Oh stop my friend. If you create other spaces to advertise that there is a province somewhere that wants to create a strategic bitcoin reserve, we will ban you.
Despite the critical reception, Porter and the Satoshi Law Fund maintained their messaging. Their advocacy efforts have been directed toward U.S.-level initiatives to create an SBR.
Last week, Porter Shown Up to 10 states will introduce SBR legislation. In previous statements, Porter indicated that “one of the largest economies in the world” would participate in the announcement, while emphasizing the importance of major media coverage. According to him, leading media outlets have already committed to reporting on this development.
On December 5, he said: “Next week there will be an announcement that will fundamentally change the conversation around Bitcoin. No one is prepared for what is coming. One of the largest economies in the world is poised to win Bitcoin. Two major mega outlets have already agreed to cover it. It’s “This big.” He later updated on December 7: “I can confirm now that we have 7 journalists, some of whom are from the largest and most important media outlets. “We are going to win very big.”
Although the details have not yet been revealed, all indications point to an American initiative at the state level. The Satoshi Law Fund’s ongoing fundraising efforts reinforce this trend. The organization is seeking $500,000 in donations to support SBR legislation in multiple states. As the official donation website states:
“We have lawmakers in 10 states ready to introduce “Strategic Bitcoin Reserve” legislation at the state level. We have already helped lawmakers in Pennsylvania introduce this bill, and in 2025 many more lawmakers will join this movement. Governments will be purchasing Bitcoin in the U.S. America in less than 6 months!
Porter reported tangible progress on December 9: “We have raised $150,000 to fund passage of Bitcoin Strategic Reserve legislation. We are ahead of schedule. Join the movement and help us reach our goal of $500,000 by donating.”
At press time, Bitcoin was trading at $98,746.
Featured image from YouTube, chart from TradingView.com
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