On December 12, the Vancouver City Council passed the 'Bitcoin Friendly City' proposal to explore the application of Bitcoin in municipal finance. Mayor Ken Sim called it 'the greatest invention in human history,' is optimistic about the future of Bitcoin, and believes this move will set a benchmark for Vancouver in the global digital currency field.

On December 12, according to Bloomberg, the Vancouver City Council officially passed a shocking proposal, announcing that Vancouver will become a 'Bitcoin Friendly City' and begin exploring the introduction of Bitcoin into municipal finance. This decision not only marks an important step for Vancouver in the digital currency field but also highlights its ambition to seize the initiative in global cryptocurrency policy.

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Vancouver City Council vigorously promotes Bitcoin-friendly policies.

On December 12, during a city council vote, Vancouver Mayor Ken Sim and several councilors jointly supported and passed the 'Bitcoin Friendly City' proposal. This proposal aims to promote the exploration of Bitcoin applications in municipal finance, including accepting Bitcoin for tax payments and investing in Bitcoin. This decision undoubtedly sets a new benchmark for Vancouver in the global digital currency field.

Mayor Ken Sim: Bitcoin is 'the greatest invention in human history.'

Since proposing the policy at the end of November, Vancouver Mayor Ken Sim has repeatedly expressed his firm belief in Bitcoin in public. He has not only praised Bitcoin as 'the greatest invention in human history' but has also boldly predicted that the value of traditional fiat currency will eventually 'go to zero.' Mayor Sim stated that as the global political and economic landscape changes, more and more countries and regions are beginning to pay attention to and study cryptocurrency policies, and Vancouver hopes to seize the opportunity to become a leader in the digital currency field.

Seizing the initiative, Vancouver aims to lead the global cryptocurrency trend.

According to Mayor Sim, while the idea of introducing Bitcoin into municipal finance has been brewing for a long time, public acceptance of such innovative policies has not been high previously. However, with the changing political situation in the U.S. and the increasing global attention to cryptocurrency policies, Vancouver sees unprecedented opportunities. Mayor Sim stated: 'We hope that through this policy, we can provide Vancouver citizens and businesses with more diversified and flexible financial options while also laying a solid foundation for Vancouver's development in the global digital currency field.'

The potential value is immense, and the mayor is optimistic about the future of Bitcoin.

Although he emphasized that he is not qualified to provide investment advice, Mayor Sim is confident about the future of Bitcoin. He believes that the 'potential' value Bitcoin currently shows is only a small part of its future value. As global recognition of digital currency continues to rise, the price of Bitcoin is expected to climb further, bringing substantial returns to investors.

Conclusion

The Vancouver City Council's passing of the 'Bitcoin Friendly City' proposal undoubtedly injects new vitality into the global digital currency field. As Vancouver explores the application of Bitcoin in municipal finance, we have reason to believe that this innovative policy will bring new opportunities and challenges for the development of digital currency in Vancouver and globally. However, investors should remain cautious when participating in digital currency investments, fully understanding market dynamics and risk situations to make informed investment decisions.