Bitcoin Magazine Eyes 100 million USD for political advocacy

Bitcoin Magazine is seeking to raise 100 million USD for political advocacy aimed at influencing the midterm elections. This initiative, inspired by Fairshake PAC, seeks to promote Bitcoin-related policies and hold lawmakers accountable for their positions on Bitcoin.

With Bitcoin currently priced at 108,676.70 USD and a market cap of 2.16 trillion USD, CEO David Bailey emphasizes potential repercussions for lawmakers opposing the Bitcoin tax amendment. Community responses reveal mixed feelings, balancing support for advocacy against concerns of politicization.

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