Public officials who are beginning to understand the potential and benefits of Bitcoin as an alternative asset for preserving value are most recently joined by the Mayor of the United States' city of Jackson, Tennessee.
Scott Conger commented on this in his Twittter account just a few hours ago, first with a worrying statement about inflation concerns and the fact that the dollar has a lower value each year.
Why do we accept inflation? Why don’t we demand more from our federal government?
— Mayor Scott Conger (@MayorConger) July 16, 2021
6.3% in 2 years. 172.8% in my lifetime. Every year our dollar is worth less. There is no rebound.
There is only 1 fix for this.. #Bitcoin
According to Scott, the only solution to this unfavorable situation is Bitcoin.
Immediately after the first statement, the mayor of the City of Jackson announced that their blockchain task force was already exploring ways to integrate Bitcoin, specifically into the tax system.
Our blockchain task force is looking into how the @CityofJacksonTN can accept property tax payments in #bitcoin and allow our employees to DCA in Bitcoin.
— Mayor Scott Conger (@MayorConger) July 16, 2021
Scott Conger suggests that the city would be able to receive payments for property taxes in Bitcoin and also allow their employees to DCA in Bitcoin.
Recall also a recent statement from U.S. Senator Cynthia Lummis, which stated that Bitcoin is a great asset that should not be missing from pension funds.
