In a series of public statements, Dennis Porter, CEO and founder of the non-profit Satoshi Act Fund, raised expectations for what he described as a landmark announcement related to Bitcoin. Speaking on social media X, Porter indicated that the upcoming development—scheduled for December 12—could mark a milestone in BTC adoption, especially in the United States.
The Most Important Bitcoin Announcement This Year?
On December 10, Porter wrote: “It’s happening. The most important announcement in Bitcoin is happening live in less than 48 hours. This announcement of the Strategic Bitcoin Reserve (SBR) will rapidly accelerate the timeline of global Bitcoin adoption. History in the making. Bitcoin wins.”
Porter has scheduled a live X Space for December 12 at 11:00 AM EST (5:00 PM GMT+1), where more details are expected to be revealed. The reaction from the community has been mixed, with some users expressing doubts about the tactics of the “announcement announcement”.
One user commented: “Respectfully your announcements have been weak so far. Is this the other one?” Another wrote: “Oh stop my friend. If you make another Spaces to announce that there is a region somewhere that wants to set up a Btcoin trick store we will block you.”
Despite the critical reception, Porter and the Satoshi Act Fund have maintained their message. Their advocacy efforts are directed at the US government’s plans to establish an SBR.
Last week, Porter revealed that up to 10 states will introduce SBR legislation. In earlier remarks, Porter indicated that “one of the largest economies in the world” would be involved in the announcement, while emphasizing the importance of mainstream media coverage. According to him, the leading institutions have committed to reporting on this development.
On December 5, he said: “Next week there will be an announcement that will change the conversation about Bitcoin. No one is ready for what’s to come. One of the biggest economies in the world is ready to win with Bitcoin. Two mainstream supermarkets have already agreed to cover it. It’s that big.” He then updated on December 7: “I can confirm now that we have 7 reporters[s]others come from larger and more important areas. We will win big.”
Although the details have not been disclosed, all indications point to a move by the US government. The Satoshi Act Fund’s ongoing fundraising efforts reinforce this direction. The organization is seeking $500,000 in donations to support SBR legislation in multiple states. As the donation website says:
“We have lawmakers in 10 states ready to introduce ‘Strategic Bitcoin Reserve’ legislation at the federal level. We have already helped Pennsylvania lawmakers pass this bill and in 2025 many more lawmakers will join the movement. Governments will be buying Bitcoin in the USA in less than 6 months!”
Porter reported significant progress on December 9: “We raised $150,000 to fund the passage of the Strategic Bitcoin Reserve legislation. We are ahead of schedule. Join the organization and help us reach our goal of $500,000 by donating.”
At press time, BTC traded at $98,746.
Featured image from YouTube, chart from TradingView.com
Source link