Brazil Backs Bitcoin Music Project with Tax-Deductible Funding
A Brazilian orchestral project will transform Bitcoin price data into live music, using an algorithm to convert real-time financial information into musical notation. Approved under Brazil’s Rouanet Law, the project can raise up to 1.09 million reais ($197,000) in tax-deductible contributions from private donors. The performance, slated for Brasília, aims to reflect Bitcoin’s volatility by having an orchestra interpret data-driven changes in melody, rhythm, and harmony. Fundraising for the initiative must conclude by December 31, and it is categorized as “Instrumental Music” for tax purposes. This effort builds on earlier algorithmic art experiments, such as Matt Kane’s dynamic digital artwork reacting to Bitcoin prices, and Refik Anadol’s AI-driven installations that use real-world data streams, including environmental and archival sources, as creative input.
