Bitcoin proposal against inflation: Vancouver Mayor Ken Sim proposes using Bitcoin to hedge against inflation. With fiat currencies like the Canadian dollar losing value, the city plans to allocate a portion of its reserves to BTC, hoping to safeguard public finances and taxpayer funds from potential devaluation.

Embracing crypto for economic growth: Mayor Sim’s initiative aims to make Vancouver a crypto hub, encouraging local businesses to embrace digital currencies. By accepting BTC for taxes, the city would strengthen its economy, while drawing inspiration from successful cases like El Salvador and Lugano, signaling potential growth.