The mayor of Jackson County in the United States said he is exploring options to add Bitcoin as a means of payment and investment, following the path proposed by Francis Suarez, mayor of Miami.
Scott Conger, mayor of Jackson County, Tennessee, recently revealed that he is considering including Bitcoin (BTC), The main cryptocurrency of the markets by capitalization, as a payment option for its employees; it also stated that it is exploring options to activate the mining of this cryptocurrency within the city and, also, its use as an investment asset and reserve of value in the future.
Conger made these statements via his Twitter account, pointing out that Bitcoin is a digital asset of utmost importance for the future development of the city.
The mayor of Jackson is known as a Bitcoin advocate on the social network, where he is shown with “laser eyes”; a trend adopted by anyone who considers themselves a “bitcoiner” or cryptocurrency user, and which reflects the financial empowerment that BTC brings with it. Laser eyes became a trend when the price of Bitcoin exceeded $57.000 per unit and its capitalization grew above $1 trillion.
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Bitcoin in the treasury of cities
Until recently, Bitcoin investment was something that was only done by users or retail investors. In fact, the boom of this cryptocurrency in 2017 was driven by the massive wave of users who wanted to buy BTC to multiply their short-term profits. This pushed the price of Bitcoin up to $20.000, although it could not stay there for long.
Now, 3 years later, the wave of institutional and corporate investors is making a huge difference between the 2017 bull market and the current bull market, giving greater sustainability to the price of the cryptocurrency, which is trading above $50.000. The arrival of dozens of companies that have invested billions of dollars in BTC, and which are held as a store of value for the future, is what is driving the price of the cryptocurrency to new highs.
The arrival of cities and governments, which want to invest part of their treasuries in Bitcoin, may also mark a historic precedent for its price. This cryptocurrency is paving the way towards the construction of new sustainable and inclusive economies for all alike.
Conger believes that Bitcoin can help close the wealth gap, minimizing economic inequality with value opportunities for all.
Mayors in favor of BTC
Conger is not the only mayor in the United States with aspirations to embrace Bitcoin in the building of a more equal future. Francis Suárez, mayor of the city of Miami, has already spoken out several times in favor of Bitcoin, as a means of payment and as an investment asset, and also in favor of mining this cryptocurrency.
In fact, Suarez recently noted that Miami has everything it needs to become a full-fledged Bitcoin mining hub powered by clean energy. The city's mayor spoke about Miami's ability to generate enough clean energy to power Bitcoin mining companies, as well as to open new centers that will reinforce the United States' leadership in this growing industry.
In New York, the candidate for mayor of the city, Andrew Yang, also stated that if elected he would turn the city into a complete Bitcoin and cryptocurrency hub, encouraging the use and investment in new digital assets to transform the city into a true financial and technological center of the world.
Both Conger, Suarez and candidate Yang are betting on Bitcoin and new technologies as tools for innovation and development to promote the improvement and growth of their cities.
Continue reading: Miami interested in Bitcoin mining, Suarez will turn the city into a mining center with clean energy
