Proposal to add Bitcoin: Mayor Ken Sim has actively proposed the addition of Bitcoin to the city’s financial assets in the council meeting. This is a new strategy aimed at diversifying investments and protecting purchasing power.
Benefits in inflationary context: Using Bitcoin is seen as a way to combat inflation and geopolitical risks. Bitcoin’s appeal lies in its decentralization, which is crucial in a volatile economic environment.
Plans for the future: If approved, Vancouver’s proposal could serve as a model for other cities and countries. This could be an important step to ensure sustainable finances for the city’s future.
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