There is a bright light in the bear tunnel. El Salvador Non -ProFit Initiative mi Primer Bitcoin, or my first bitcoin, has raised over 1 bitcoin, Donations -Not From Vennnnen Ture Capitalist and Investors, But from Generous Bitcoin Education Advocates Around the World.
Donations poured in from countries like Venezuela, Poland, and Canada, and hundreds of people around the world sent satoshis (Bitcoin's smallest denomination) via the Lightning Network to fund the expansion of My First Bitcoin's Bitcoin Diploma program. Founder of My First Bitcoin in, find out how a crowdfunding campaign reached 1 BTC in less than three weeks. Dennehy told Cointelegraph, “Bitcoin's greatest potential lies in empowering individuals, and making it easy to donate value is a big part of that.”
“Bitcoin crowdfunding allows anyone to participate, which is revolutionary compared to the existing fiat system that limits who can participate. It's a way to level the playing field.” Unlike PayPal or GoFundMe, Bitcoin's censorship-resistant, self-sovereign pro perties make it one Of the most effering ways to send money online. Plus, it is much cheaper. Funds are stand the layer 2 lightning network at a fraction of the count of trackingal pa. YMENT Services. Dennehy Explained: "Bitcoin Crowdfunding is An Example of How Bitcoin Gives People control over their money."
The crowdfunding campaign is getting a big boost from Bitcoin Beach, the El Zonte Bitcoin Loop community on El Salvador's Pacific coast. Bitcoin Beach was the trigger that led to Bitcoin being declared legal tender in El Salvador in 2021. On April 27th, Bitco in Beach announced that it would match all donations to the project until midnight April 27th: Regardless, the campaign kicked off with lightning-fast generosity. MetaMick, founder of bitcoin crowdfunding platform Geyser, told Cointelegraph, “This is definitely the biggest educational project Geyser h as ever had ! It had insane traction in one day!" He added that just one day later, it became Geyser's largest ever The third crowdfunding.
Despite the lower price of Bitcoin and wiping out traders the Bitcoin community continues to build and educate. As Dennehy sums it up: “We are inspired every day by the support from the Bitcoin community. Without it, we would not be able to do what we do.” To date, My First Bitcoin has educated 6,000 students in El Salvador.
