The City of Santa Monica Bitcoin Office will host the open-source Bitcoin festival in October

The City of Santa Monica’s Bitcoin Office has announced a one-day open-source Bitcoin festival scheduled for October 18, subject to change. The event, held in partnership with the Proof of Workforce Foundation, aims to provide education on various aspects of Bitcoin, including mining, investing and the broader implications of Bitcoin in the economy.

🎡 We are excited to learn about #Bitcoin Peer-to-Peer…⚡️⚡️⚡️

Please join us!

Follow @SMBitcoinOffice for official updates and more information soon… Dates are subject to change pic.twitter.com/hcgCgQUOaf

— Santa Monica Bitcoin Office (@SMBitcoinOffice) August 9, 2024

The Santa Monica Bitcoin Office, which launched last month following a unanimous vote of the city council, is dedicated to educating the local community about the transformative potential of Bitcoin. The office also aims to identify and facilitate partnerships in the Bitcoin industry 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, the city hopes to attract investment and ensure economic resilience in the digital age. The upcoming festival is part of this broader mission, giving residents and businesses the opportunity to engage with the latest developments in Bitcoin.

NEW: Huge #Bitcoin the lit symbol on the big wheel at Santa Monica Pier in California 🇺🇸

pic.twitter.com/MHOUor8pzK

— Bitcoin Magazine (@BitcoinMagazine) July 11, 2024

However, the city and its partners made it clear that any discussions at the event should not be construed as financial advice. The Santa Monica Bitcoin Office said participants are encouraged to do their own research and consult with financial advisors before making any investment decisions.

In June 2023, Santa Monica firefighters also became the first union to purchase and hold Bitcoin, thanks to a partnership with the Proof of Workforce Foundation.