The mayor of Jackson, Tennessee sees Bitcoin (BTC) as a tool that can address the declining value of the US dollar.
Mayor Scott Conger says that he’s gravely concerned about the rapid rise of inflation in the country as he offers a way out of the US dollar’s deteriorating value.
“Why do we accept inflation? Why don’t we demand more from our federal government?
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.”
Conger adds that the city is now exploring strategies to embrace the leading cryptocurrency.
“Our blockchain task force is looking into how the City of Jackson, TN can accept property tax payments in Bitcoin and allow our employees to DCA [dollar cost average] in Bitcoin.”
In April, Conger said he believes the local government can be the catalyst that drives the adoption of the king cryptocurrency.
“Local government will lead the way in Bitcoin adoption, and along with it, usher in a new industrial revolution with sustainable economies that will help close the wealth gap.”
Conger added laser eyes on top of his Twitter profile photo, following a trend on social media that suggests support for the largest cryptocurrency.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/zhu difeng