Freedom Convoy raises massive sum in Bitcoin funding — Analysis
Over 5,000 people have donated money to Canadian truckers who protest against vaccine mandates
Supporters of the Canadian truckers’ anti-vax protest have raised more than $900,000 worth of Bitcoin after the crowdfunding GoFundMe website blocked donations of around $10 million, according to organizers of the fundraiser.
After the GoFundMe funds were blocked, a Canadian Bitcoiner group known as ‘HonkHonkHodl’ started a campaign on crypto crowdfunding platform Tallycoin.
“Every transaction that’s done will be fully documented and transparent,”In a Wednesday video, NobodyCaribou (on Twitter) stated that there was a liaison between them and truckers.
As of Friday, more than 5000 people had pledged money via Tallycoin for 21 Bitcoin. Most people donated in satoshis – the smallest denominator of the currency – while Jesse Powell, CEO of crypto exchange Kraken, donated one bitcoin to the HonkHonkHodl effort.
At bitcoin’s current price of $43,700, the truckers are due around $900,000.
“Fix the money, fix the world. Mandates are morally wrong. Get rid of this madness. Honk Honk #FreedomConvoy2022,”Powell declared.
The Freedom Convoy protest started in protest against cross-border truckers being required to get vaccinated. But, the Freedom Convoy activists have taken a vow to stay in Ottawa until Covid restrictions are removed.
To support protesters, a number of fundraising events have been established.
Distributed Denial of Secrets, a leak website that claims to have more information about donors who gave money to truckers through GiveSendGo on Tuesday said they had published additional data.
Justin Trudeau is the Canadian prime minister.
Two high-profile Americans have spoken out in support of the protest, Elon Musk and former President Donald Trump.
Last week, however, Ottawa was urged by the White House to “use federal powers” to lift the truckers’ blockades of border crossings.
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