The City of Santa Monica's Bitcoin Office has announced an open-source Bitcoin festival slated for October 18th. This event marks the first educational initiative by the Bitcoin Office since its establishment last month.

The newly formed office, created after a unanimous city council vote, is committed to educating the local community on the transformative potential of Bitcoin. The office's broader goals include identifying Bitcoin industry partnerships that could support Santa Monica's economic recovery and generate new job opportunities.

The one-day festival is organized in partnership with the Proof of Workforce Foundation and will cover various topics related to Bitcoin, such as mining, investment, and its economic implications. It aims to engage residents and businesses with the latest developments in the Bitcoin space.

Despite the educational focus of the event, the Santa Monica Bitcoin Office and its partners have emphasized that the festival's discussions are not to be taken as financial advice. Participants are encouraged to do their own due diligence and seek professional advice before making any investment decisions.

The commitment of Santa Monica to Bitcoin extends beyond the office's educational endeavors. In June 2023, the Santa Monica firefighters' union became the first to purchase and hold Bitcoin, a move facilitated by the Proof of Workforce Foundation, signaling growing institutional interest in Bitcoin.

Through initiatives like the upcoming festival, Santa Monica is positioning itself as a hub for Bitcoin innovation, aiming to attract investment and reinforce economic resilience in the face of a rapidly evolving digital economy.

Bitcoin Magazine Article