BTC Book For American Policymakers Gets Funding On Kickstarter

A BTC book for American policymakers got 5x funding on Kickstarter and with the book, a group of writers intend to reduce the reliance on traditional media’s narrative on BTC and crypto as we can see more today in our latest Bitcoin news.

A group of eight BTC enthusiasts launched a Kickstarter campaign to publish an educational book for the federal policymakers to reduce their reliance on the traditional media narrative on crypto. The campaign managed to attract more than $23,151 in funding which is five times the goal of $5000. The book was conceptualized right after the United States House Of Representatives passed the $1.2 trillion bipartisan bill that mandates stringent reporting requirements for crypto communities:

“We set out to write a book to help policymakers understand where Bitcoin users are from and what they care about. We want to dispel the notion that it’s nerd money and show how it’s impacting so many people in America.”

The Kickstarter was launched by Jimmy Song who is a Texas-based crypto entrepreneur and a seasoned author with other authors include Annaliese Wiederspahn, Pete Rizzo, Gary Leland, Amanda Cavaleri, Chalene Fadierpo, Lamar Wilson, CJ Wilson. The manuscript for the BTC book was drafted and will be finalized by the end of 2021 so the authors intend to have the audiobook and a paperback available for sale as well that will be supported by the book launch event in Washington to promote the book. While the BTC book authors already accounted for $5000 in funding for the production, the additional funding will be invested into the book’s launch party:

“As authors of this book, we recognized that the impressions in Washington were far from the reality and sought to correct this perception.”

Supporting the book’s efforts to demystify the ecosystem for the regulators, the Federal Reserve chair Jerome Powell hinted of a lack of concern about crypto disrupting the nation’s financial stability and also said that the stablecoins have a potential to scale if they are associated with one of the large tech networks that exist.

As recently reported, Bitcoin will decide whether to preserve the one-year trendline as support in what resulted in a long-term upside. Bitcoin prepared a showdown with the moving average price trend with the time running out for a stronger close by the end of the year. The data shows that BTC/USD trading pair is set at $47,000 while still being firmly in an established range.