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Cryptocurrency

US Mayor to Give Away $1000 Bitcoin to All Residents

US Mayor to Donate $1000 Bitcoin to All Residents of His State

  • A Mayor in Missouri, United States has pledged to give all households in his town $1000 worth of BTC
  • Jayson Stewart, the mayor of Cool Valley disclosed the while discussing with Bitcoin Magazine
  • Stewart believes that the advancement of cryptocurrency can remedy so many flaws in the modern economy

A Mayor in the United States has promised to give all households in his town at least $1000 worth of Bitcoin.

Bitcoin

Jayson Stewart, the mayor of Cool Valley, Missouri is the man that made this huge cryptocurrency giveaway promise.

Stewart stated that he believes that the use of cryptocurrency can drive change and address make issues in the current economy.

“It (Bitcoin) has given me a hope, and an optimism that we can overcome some of the worst parts of the system that we’re born into, and actually create a future exactly how we want it to be,”

Stewart claims that the use of BTC is the most “American thing” personal liberty and self-sovereignty.

The town in Missouri has a population of around 1,500 and the cryptocurrency giveaway has already been funded.

Stewart stated that the initial plan was to airdrop $500 to each household but it was increased due to the popularity of the project.

Cryptocurrencies

Recipients of the bonus will be allowed to withdraw their money but those who hold it for longer stand to cash out more.

Bitcoin

This follows a similar move by El Salvador to distribute $30 worth of Bitcoin among its citizens following the adoption of the cryptocurrency as legal tender.

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