Summary
- The Vancouver City Council announced that through the 'Bitcoin-friendly city' proposal, they will explore the possibility of utilizing Bitcoin in the city's finances.
- Ken Sim, the mayor of Vancouver, announced plans to include Bitcoin in the city's balance sheet, stating it as part of investment diversification.
- He evaluated Bitcoin as the greatest invention in human history and claimed that the value of fiat currency will become zero.
The major city in Western Canada, Vancouver, is set to increase its exposure to Bitcoin (BTC).
According to Bloomberg on the 11th (local time), the Vancouver City Council passed a proposal to become a 'Bitcoin-friendly city' on this day. Specifically, through this proposal, Vancouver will explore the possibility of utilizing Bitcoin in the city's finances.
It is analyzed that Donald Trump's election as president was decisive. Ken Sim, the mayor of Vancouver, explained, "Due to what happened in the United States (Trump's election), there are signs that many other countries, provinces, and states will all embrace Bitcoin. We want to be ahead."
Previously, Mayor Sim announced plans at the end of November to include Bitcoin in the city's balance sheet as part of investment diversification. He also stated that Bitcoin is the greatest invention in human history and that the value of fiat currency will become zero.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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