The city of Santa Monica, California, has established a Bitcoin Office and announced plans for a one-day open-source Bitcoin festival on October 18, but the date is subject to change.
Organized in collaboration with the Proof of Workforce Foundation, this event aims to educate the public about various aspects of Bitcoin, including mining, investing, and its broader economic impact.
The office also aims to identify and facilitate industry partnerships to support Santa Monica’s economic recovery and create new employment opportunities.
By encouraging strategic collaborations and positioning Santa Monica as a hub for Bitcoin innovation, city officials hope to attract investment and ensure economic resilience in the digital age. The upcoming festival is a key part of that mission, offering residents and businesses a chance to interact with the latest developments in the Bitcoin world.
City officials and event organizers said discussions at the festival should not be construed as financial advice. Attendees are encouraged to do their own research and consult with financial advisors before making any investment decisions.
Notably, in June 2023, the Santa Monica firefighters union became the first union to purchase and hold Bitcoin, thanks to a partnership with the Proof of Workforce Foundation.
*This is not investment advice.