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.