In a series of public statements, Dennis Porter, CEO and founder of the non-profit advocacy organization Satoshi Act Fund, has raised expectations for what he describes as a landmark announcement related to Bitcoin. Speaking via the social media platform X, Porter indicated that the forthcoming development—scheduled for December 12—could mark a transformative milestone in BTC adoption, particularly within the United States.
On December 10, Porter wrote: “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.”
Porter has scheduled a live X Space for December 12 at 11:00 AM EST (5:00 PM GMT+1), during which further details are expected to be disclosed. Reactions from the community have been mixed, with some users expressing skepticism about “announcement of announcement” tactics.
One user commented: “Respectfully your announcements have been lacklustre to date. Is this another dud?” Another wrote: “Oh stop it mate. If you do another Spaces to announce there’s a county somewhere that wants to set up a Btcoin strategic reserve we’ll block you.”
Related Reading: Is Bitcoin At Risk? What Google’s New Quantum Chip Means
Despite the critical reception, Porter and the Satoshi Act Fund have maintained their messaging. Their advocacy efforts have been directed toward US state-level initiatives to establish a SBR.
Last week, Porter indicated that as many as 10 states will be introducing SBR legislation. In earlier remarks, Porter signaled 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, leading outlets have already committed to reporting on the development.
On December 5, he 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 subsequently updated on December 7: “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.”
Related Reading: Strategic Bitcoin Reserve Proposed By Alabama State Auditor
While specifics remain undisclosed, all indicators point toward a US state-level initiative. The Satoshi Act Fund’s ongoing fundraising efforts further reinforce this direction. 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 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!”
Porter reported tangible progress on December 9: “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 press time, BTC traded at $98,746.
Featured image from YouTube, chart from TradingView.com
In a series of public statements, Dennis Porter, CEO and founder of the non-profit advocacy organization Satoshi Act Fund, has raised expectations for what he describes as a landmark announcement related to Bitcoin. Speaking via the social media platform X, Porter indicated that the forthcoming development—scheduled for December 12—could mark a transformative milestone in BTC adoption, particularly within the United States.
On December 10, Porter wrote: “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.”
Porter has scheduled a live X Space for December 12 at 11:00 AM EST (5:00 PM GMT+1), during which further details are expected to be disclosed. Reactions from the community have been mixed, with some users expressing skepticism about “announcement of announcement” tactics.
One user commented: “Respectfully your announcements have been lacklustre to date. Is this another dud?” Another wrote: “Oh stop it mate. If you do another Spaces to announce there’s a county somewhere that wants to set up a Btcoin strategic reserve we’ll block you.”
Related Reading: Is Bitcoin At Risk? What Google’s New Quantum Chip Means
Despite the critical reception, Porter and the Satoshi Act Fund have maintained their messaging. Their advocacy efforts have been directed toward US state-level initiatives to establish a SBR.
Last week, Porter indicated that as many as 10 states will be introducing SBR legislation. In earlier remarks, Porter signaled 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, leading outlets have already committed to reporting on the development.
On December 5, he 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 subsequently updated on December 7: “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.”
Related Reading: Strategic Bitcoin Reserve Proposed By Alabama State Auditor
While specifics remain undisclosed, all indicators point toward a US state-level initiative. The Satoshi Act Fund’s ongoing fundraising efforts further reinforce this direction. 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 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!”
Porter reported tangible progress on December 9: “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 press time, BTC traded at $98,746.
Featured image from YouTube, chart from TradingView.com
