Texas Poised To Be A World Leader In Bitcoin And Blockchain
Updated: Oct 5, 2021
Texas has seen the upside of China’s decision to cancel bitcoin mining, in what set off the ‘Great Mining Migration’ to Austin, Texas. The Texas Blockchain Council has grown to 70 members and is led by Lee Brachter, the President of the organization. And next Friday, he will be hosting the Texas Blockchain Summit - an event that could prove to be the largest state-level blockchain one-day summit ever.
It’s not lost what Bitcoin might do for Texas - already a top ten economy in the world With Senator Ted Cruz (R-TX), Senator John Cornyn (R-TX) and Senator Cynthia Lummis (R-WY) speaking at the event, could make the first Texas Blockchain Summit a benchmark for the amount of interest in how Texas could benefit from the growth of digital currencies and blockchain technology.
Texas Governor Greg Abbott has met with the Texas Blockchain Council twice already. Recently Abbott commented on Twitter that, “Texas will be the crypto leader. Cryptocurrency is now coming to Texas grocery stores.” Abbott was referring to the decision by H-E-B to put cryptocurrency kiosks in some Texas grocery stores.