“Vancouver: A New Era for Bitcoin-Friendly Cities, Will the City’s Financial Model Explode or Prosper?”
Against the backdrop of global currency devaluation, the city of Vancouver has officially taken a historic step! The city council passed a motion with a 6:2 vote to explore incorporating Bitcoin into the city’s financial operations. Mayor Ken Sim expressed his firm stance: Bitcoin is the solution for the next 100 years; he even took the lead by donating $10,000 worth of Bitcoin to build confidence in the city!
Sim's logic is quite disruptive: housing prices have soared by 381%, but the purchasing power of currency continues to shrink, rendering traditional financial tools ineffective. Thus, he directly uses Bitcoin to hedge against inflation and calls for it as a solution to the fiscal and affordability crisis. However, not everyone is on board; environmental concerns and risks of illegal usage have become the main reasons for opposition.
But let’s think deeply: if Vancouver truly becomes the first 'Bitcoin-Friendly City', can this city capture global attention? Or does this signify the beginning of the decline of sovereign currencies?
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