US Mayor Says Bitcoin Will Keep Rising as the Fed Continues Printing More Dollars – Economics Bitcoin News


US Mayor Says Bitcoin Will Keep Rising as the Fed Continues Printing More Dollars

The mayor of the U.S. city of Jackson, Tennessee, explains that the price of bitcoin will keep rising as the Fed continues to print money. He believes that bitcoin is “definitely the future monetary system.”

Mayor Explains Bitcoin’s Price Will Keep Rising as the Fed Continues to Print Money

Mayor Scott Conger of the U.S. city of Jackson, Tennessee, commented on the price of bitcoin Saturday in relation to the Fed’s money-printing policy. He wrote:

As the Feds continue to print more USD, this chart will continue to rise. Bitcoin could be the present, but is definitely the future monetary system, and after 21M, there isn’t any more.

The BTC price when the mayor tweeted was $49,626.81. At the time of writing, the price of the cryptocurrency is sitting at $49,775.13 after it surpassed the $50K level Monday morning.

US Mayor Says Bitcoin Will Keep Rising as the Fed Continues Printing More Dollars News reported in April that Mayor Conger was exploring payroll conversions for city employees as well as bitcoin mining to add BTC to the city’s balance sheet.

In July, he tweeted that his city’s blockchain task force is looking into how the city can “accept property tax payments in bitcoin and allow our employees to DCA in bitcoin.”

He has also spoken about inflation several times, stating, “Let us not accept any inflation as well as the increasing carbon footprint.”

Mayor Conger is among a handful of mayors in the U.S. who have been vocal about making bitcoin work for their cities. Mayor Francis Suarez has also been trying to make Miami, Florida, a bitcoin hub. Last week, Mayor Jayson Stewart of Cool Valley, Missouri, said that he is raising funds to give $1,000 in BTC to every resident in his city.

Tags in this story
fed money printing, fed prints money, Jackson Tennessee, jackson tn, Mayor Francis Suarez, mayor jayson stewart, mayor tennessee, Money Printing, tn bitcoin, tn mayor

Do you agree with Mayor Conger about bitcoin? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer
Show comments