🚀 Vancouver is making waves in the crypto world! On December 11, city councilors backed Mayor Ken Sim's push to explore Bitcoin (BTC) as a reserve asset. Sim, who sees BTC as a hedge against inflation, even pledged $10,000 in BTC to the city.
- The motion aims to assess BTC's potential to stabilize Vancouver's finances.
- Experts support the move, though concerns about BTC's environmental impact and volatility remain.
- Legal hurdles exist, as Canadian law currently restricts cities from holding crypto as reserves.
What do you think? Could this be a game-changer for cities globally? Share your thoughts below! 💬