The mayor of Cool Valley, Missouri, wants to give every resident of his city $1,000 in BTC, but under one condition.
Mayor Jason Stewart plans to give all 1,500 city residents $1,000 in Bitcoin, but only on the condition that they do not sell it, but hold it for at least five years. Stewart said:
Bitcoins will not be touched for a certain time. People will not be able to do anything with them for five years. Imagine how sorry they would be if they now spent this Bitcoin on gasoline, and in five years their assets would be worth $500,000.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
According to decrypt.co
You May Also Like
Valkyrie Bitcoin Strategy ETF will trade under the ticker BTFD
Valkyrie changed its fund ticker from BTF to BTFD (buy the f*cking dip). The product is expected to become the second Bitcoin ETF in the US market.
Traders lost $810 million per day after BTC collapse
At night, Bitcoin updated its three-month low. Exchanges liquidated $810 million worth of traders' positions.
