Bitcoin Book For US Policymakers Gets 5x Funding On Kickstarter

A group of eight Bitcoin (BTC) enthusiasts launched a Kickstarter campaign to publish an educational book for US federal policymakers to reduce their reliance on traditional media narratives about cryptocurrencies. The campaign managed to raise $23,151 in funding, nearly five times its target of $5,000.

The book was conceptualized shortly after the United States House of Representatives passed the $1.2 trillion bipartisan infrastructure bill, which imposes strict reporting requirements on the crypto community. According to the authors:

“We wanted to write a book to help policy makers understand where Bitcoin users come from and what they care about. We want to dispel the idea that it’s geek money and show how it affects so many people in America.”

Possible book cover. Source: Kickstarter

The Kickstarter was launched by Jimmy Song, a crypto entrepreneur from Texas and an accomplished author. Other authors include Annaliese Wiederspahn, Gary Leland, Pete Rizzo, Amanda Cavaleri, CJ Wilson, Charlene Fadirepo, and Lamar Wilson.

According to the schedule, the manuscript for the Bitcoin book has been prepared and will be completed by the end of 2021. In January, the authors plan to have the audiobook and paperback available for sale, which will be supported by a “book launch event in Washington DC to promote this book.”

While the Bitcoin book authors are already responsible for the initial funding of $5,000 for the book’s production, the additional funding will be invested in the book’s launch lot:

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

Related: Fed Chair Jerome Powell Says He’s Not Worried About Crypto Disrupting U.S. Financial Stability

Federal Reserve Chairman Jerome Powell supported the Bitcoin book’s attempt to demystify the ecosystem for regulators and hinted at a lack of concern about crypto disrupting the country’s financial stability.

As Cointelegraph reported, Powell also said stablecoins have the potential to scale, “especially if they were associated with one of the very large tech networks out there.”