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Vancouver mayor eyes Bitcoin to bolster city reserves against economic shocks – TON BOT

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Vancouver mayor eyes Bitcoin to bolster city reserves against economic shocks

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Vancouver Mayor Ken Sim proposes adding Bitcoin to the city’s financial reserves to protect purchasing power and diversify resources. The motion aims to position the city as a leader in digital asset adoption, citing Bitcoin’s decentralized and finite nature as a hedge against economic instability. Bitcoin advocate Jeff Booth supports the proposal, highlighting its potential to stabilize long-term value globally. Policy discussions worldwide are increasingly considering Bitcoin as a mechanism for economic durability, with some states in the US already introducing bills to create Bitcoin reserves.

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