Dennis Porter, co-founder and CEO of the Satoshi Action Fund (SAF), recently released a concerning news on the X platform. He stated that a certain state in the U.S. is almost 100% certain to start buying Bitcoin within the next four months. He further added that his team is actively pushing for the passage of relevant legislation, which is not just a prediction, but an actual progress that is happening.
This news has attracted widespread attention, especially among investors and observers in the Bitcoin and cryptocurrency industry. If this development is true, it will be a significant milestone in the history of cryptocurrency. After all, a large-scale purchase of Bitcoin by a government or state level would signify that the recognition and application of Bitcoin are entering a whole new stage.
Porter emphasized in his post that this is not merely an expectation, but an actual legislative process that the team is pushing forward. Such a proactive push may provide further support for the legitimacy and popularity of Bitcoin and other crypto assets. A certain state in the U.S. being able to make this decision in such a short time may serve as a demonstration effect for other states and countries, promoting the further adoption and regulation of cryptocurrencies like Bitcoin globally.
However, it is worth noting that despite the positive signals from this news, any similar policy changes will require multiple legal and governmental approval processes. Therefore, although Porter’s remarks are filled with confidence, the specifics of implementation will still need more time to verify.
Overall, if this development can materialize, it will be a significant victory in the field of cryptocurrency, especially as Bitcoin is increasingly accepted by the mainstream financial system.
