Dennis Porter, a well-known Bitcoin advocate, faced backlash after his much-hyped political announcement fell flat. Porter had promised a 'seismic' revelation to his 230,000 followers on X, drawing 174,000 participants to a Spaces chat. The announcement revealed that Ian Calderon, a pro-Bitcoin candidate, would run for California Governor, pledging to establish a state-held Bitcoin reserve. However, the news was met with disappointment, with many calling it a 'nothingburger.' Despite the announcement, Bitcoin prices remained stable, and Porter was criticized for overhyping the event. Calderon, 39, faces a challenging Democratic primary, with 38% of voters still undecided, according to recent polls.