• Bitcoin will continue to rise, according to the mayor of New York, as the Federal Reserve continues to print more dollars

  • The mayor of Jackson, Tennessee, explains why the price of bitcoin will continue to rise as long as the Federal Reserve continues to manufacture money. Bitcoin, he argues, is “unquestionably the future monetary system.”

    The Mayor explains why Bitcoin’s price will continue to rise as the Federal Reserve continues to print money.

    Mayor Scott Conger of Jackson, Tennessee, commented on bitcoin’s pricing on Saturday in regard to the Federal Reserve’s money-printing policies. He expressed himself as follows:

    This chart will continue to rise as the Fed continues to print more dollars. Bitcoin may be the present, but it is unquestionably the future monetary system, and there will be none after 21M.

    When the mayor tweeted, the BTC price was $49,626.81. The cryptocurrency’s price is currently hovering at $49,775.13, having broken the $50,000 mark on Monday morning.

    Mayor Conger said in April that he was looking into payroll conversions for city workers as well as bitcoin mining to contribute BTC to the city’s balance sheet.

    He tweeted in July that his city’s blockchain task team is investigating how the municipal can “take property tax payments in bitcoin and allow our employees to DCA in bitcoin.”

    He’s also mentioned inflation, saying, “Let us not allow any inflation as well as the expanding carbon imprint.”

    Mayor Conger is one of a small group of mayors in the United States who have spoken out in favor of making bitcoin work for their city. Mayor Francis Suarez has also been working to establish Miami as a bitcoin center. Mayor Jayson Stewart of Cool Valley, Missouri, said last week that he is seeking cash to give $1,000 in BTC to everyone of his city’s residents.

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