In another tweet, the Mayor took aim at dollar debasement saying that every year the greenback continues to weaken against commodities and thereby is losing its purchasing power. He demanded more accountability from the U.S. federal government.
“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.”
Government Officials Steadily Warming Up to BTC
While bitcoin started off as an anti-establishment digital form of money that seeks to take the power from the status quo, it is steadily being embraced by government officials the world over for its several other merits.
The biggest and perhaps the most significant development in this regard is El Salvador’s open embrace of the premier cryptocurrencies. Not only has El Salvador made bitcoin legal tender in the country but is also actively working toward mining BTC with renewable sources of energy most notably via geothermal energy extracted from the country’s volcanoes.
Several countries like Paraguay – recently witnessed the introduction of a bitcoin legislation bill in the parliament that seeks to create conducive regulations for digital currencies in the South American country.
As for the U.S., competition is growing fierce among the states to establish themselves as a crypto hub in the country.
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