As mayor of Knox County, Tennessee, former wrestler Glen Jacob, stage name Kane, is looking into Bitcoin and Litecoin to help his municipality.
Since Q4 2020, several high-profile mainstream public companies, including Tesla, have invested in cryptocurrency. But municipalities doing the same are thin on the ground. Does Jacob’s interest signal a change in that?
Is Bitcoin The Answer to Balancing The County Books?
Performers who turned politicians are not an infrequent affair. Prominent figures that did so include Ronald Reagan, Arnold Schwarzenegger, and Jerry Springer.
Since retiring from the WWE, Jacob announced his intent to run for the mayorship of Knox County as a Republican. Following his 66% – 34% win over Democratic opponent Linda Haney, he took office in August 2018.
Jacob advocates for more personal responsibility and less government intervention. An example of this was his response to the mask mandate, in which he said people should be free to decide for themselves. At the same