@applestar
⚪ Diversification for Stability
➖ The motion highlights Bitcoin’s potential to act as a hedge against inflation and fiat currency devaluation. Mayor Sim’s reasoning? “It would be irresponsible not to consider Bitcoin as part of the city’s strategic assets.”
➖ A city clerk’s tweet summed it up perfectly:
“Vancouver city council approves motion 3. Preserving the City’s Purchasing Power through Diversification of Financial Reserves, Becoming a Bitcoin-Friendly City.”
➖ In other words, the city isn’t just jumping on the crypto bandwagon, it’s steering it.
🧵 3/6
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