US Mayor Says Bitcoin Will Keep Rising because the Fed Continues Printing More Dollars – Economics Bitcoin News
The mayor of the U.S. metropolis of Jackson, Tennessee, explains that the value of bitcoin will hold rising because the Fed continues to print cash. He believes that bitcoin is “definitely the future monetary system.”
Mayor Explains Bitcoin’s Price Will Keep Rising because the Fed Continues to Print Money
Mayor Scott Conger of the U.S. metropolis of Jackson, Tennessee, commented on the value of bitcoin Saturday in relation to the Fed’s money-printing coverage. He wrote:
As the Feds proceed to print extra USD, this chart will proceed to rise. Bitcoin might be the current, however is unquestionably the long run financial system, and after 21M, there isn’t any extra.
The BTC worth when the mayor tweeted was $49,626.81. At the time of writing, the value of the cryptocurrency is sitting at $49,775.13 after it surpassed the $50K stage Monday morning.
Bitcoin.com News reported in April that Mayor Conger was exploring payroll conversions for metropolis staff in addition to bitcoin mining so as to add BTC to the town’s steadiness sheet.
In July, he tweeted that his metropolis’s blockchain activity pressure is trying into how the town can “accept property tax payments in bitcoin and allow our employees to DCA in bitcoin.”
He has additionally spoken about inflation a number of occasions, stating, “Let us not accept any inflation as well as the increasing carbon footprint.”
Mayor Conger is amongst a handful of mayors within the U.S. who’ve been vocal about making bitcoin work for his or her cities. Mayor Francis Suarez has additionally been attempting to make Miami, Florida, a bitcoin hub. Last week, Mayor Jayson Stewart of Cool Valley, Missouri, mentioned that he’s elevating funds to provide $1,000 in BTC to each resident in his metropolis.
Do you agree with Mayor Conger about bitcoin? Let us know within the feedback part under.
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