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5 Comments
Mayor Sim hasn’t really had the best of support from Vancouver’s population, tbh. I’d be surprised if Vancouver would even approve this. They do have quite a strict guideline in terms of their investments.
One thing for sure, more conversations like these are happening, which is a decent sign.
[removed]
tldr; The Vancouver City Council has approved a motion to explore incorporating Bitcoin into municipal financial operations, including holding it as a reserve asset and accepting it for payments. Mayor Ken Sim, who supports the initiative, believes Bitcoin can protect the city’s purchasing power from inflation. Despite opposition due to Bitcoin’s volatility and legal concerns, city staff will analyze the feasibility and report by Q1 2025. The move aligns with a global trend of increasing interest in Bitcoin as a strategic reserve.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
This bull run will be gigantic as more and more states and countries consider building a Bitcoin reserve
Dear Vancouver,
Don’t waste time and money in the “explore” phase.
Just do it.