With Trump's election and the surge in Bitcoin prices, the influence of cryptocurrencies is rapidly crossing borders, and Vancouver has announced its intention to consider incorporating Bitcoin into the city's finances through a motion! What does this news signify?
This motion proposed by Mayor Ken Sim instructs the city government to explore how to integrate Bitcoin into the management of city taxes and financial reserves. He stated: 'We want to lead the world!' The deeper meaning behind this motion may be a strong challenge to traditional fiat currencies — Bitcoin may be gradually replacing the status of traditional money and could even become the core of the future financial system.
What excites the market even more is that Ken Sim himself is a staunch believer in Bitcoin. He has stated: 'Bitcoin is the greatest invention in human history, and traditional fiat currency will go to zero.' Behind this forward-looking statement is an infinite optimism about the future value of Bitcoin.
So, the question arises — if Vancouver really takes this first step, will other cities follow suit? The global economy may indeed be entering a Bitcoin-dominated new era. As investors and market participants, how should we establish a foothold in this transformative era, quickly adapt, and benefit?
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The above content is for information sharing only and does not constitute any investment advice! Investing carries risks; please be cautious when entering the market!
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