Vancouver mayor seeks Bitcoin-friendly city
If implemented, this initiative could strengthen Vancouver’s financial strategies and establish it as a pioneering Bitcoin-friendly city.
Vancouver’s mayor, Ken Sim, is pushing for the city to embrace Bitcoin, positioning it as a leader in cryptocurrency adoption. During a city council meeting on 26 November, Sim proposed integrating Bitcoin into Vancouver’s investment portfolio as part of a broader effort to diversify financial assets.
The initiative aligns with a growing global trend of Bitcoin adoption by institutional investors. Major entities such as Japan’s Government Pension Investment Fund (GPIF) and the State of Wisconsin Investment Board have already included Bitcoin ETFs in their holdings. Similarly, asset management giants like Goldman Sachs are increasing their exposure to Bitcoin, showcasing its growing role in mainstream finance.
Sim’s vision highlights Bitcoin’s potential to preserve purchasing power while modernising the city’s financial strategies. If implemented, this move could place Vancouver among the world’s pioneering Bitcoin-friendly cities.
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