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Vancouver is considering integrating Bitcoin into its financial reserves, a move that could change the way cities manage their finances. Mayor Ken Sim plans to introduce a Bitcoin-focused proposal on December 11, aiming to evaluate BTC's potential as a safeguard against economic instability.¹

This initiative aligns with Sim's vision of positioning Vancouver as a Bitcoin-friendly city. The city's interest in Bitcoin is not isolated, as governments and institutions worldwide are considering the cryptocurrency as a reserve asset.

*Why Governments are Turning to Bitcoin*

- *Diversification and Economic Stability*: Bitcoin offers a decentralized and limited supply, making it an attractive asset for diversification and hedging against economic instability.
- *Growing Institutional Confidence*: U.S. lawmakers and institutions like VanEck are promoting Bitcoin as a reserve asset, reflecting increasing confidence in the cryptocurrency.