Mayor of Cool Valley Plans to Give All Residents $1,000 in Bitcoin

Jayson Stewart is the mayor of Cool Valley, which is one of the most populated cities in the State of Missouri. He recently became the talk of the crypto town after his unorthodox remarks about the flagship cryptocurrency. He was speaking to reporters from the local news media outlet KSDK. He confessed to having a great interest in the cryptocurrency market and especially Bitcoin.

He further added that he knows many friends who went from working a regular 9-5 job to become 80 million dollar owners in a matter of a few weeks. He claimed that all of this progress was possible with the help of crypto trading and investing opportunities. According to the enthusiastic mayor, digital assets are a viable source for making the citizens of Cool Valley wealthy.

During his recent interview, Mayor Stewart told local media that he is planning to distribute $1000 worth of Bitcoin among the inhabitants of the city. He is currently serving as the Mayor of Cool Ville that has 1,500 residents. He claimed that every citizen would get $500 or $1000 worth of beacon coin that is sponsored investment.

However, the citizens who agree to receive these coins need to agree to one condition. Their holdings are going to be locked in trust for five years. Explaining the condition, Mayor Stewart said that some people want to pay off their mortgages or car loan with their BTC holdings. However, when the flagship cryptocurrency is valued in millions after a few years, they are going to regret their decisions.

Since the start of the current year, there are several USA mayors who have campaigned for Bitcoin. Eric Adams promised to make NYC the center of Bitcoins during his Mayoral campaign. Francis Suarez, mayor of Miami, gets a proposal passed from the commission of the city for making Bitcoin payments options possible for the government employees.

Scott Conger, mayor of Jackson City, Tennessee, also declared in July that the city administration is planning to collect the taxes in the form of Bitcoin. Thus far, Miami has made a lot of progress in its crypto transformation journey. The city has recently issued a local digital token called Miami Coin this month. Mayor Suarez is also trying to reduce the tariff rates for commercial electricity use to attract more Bitcoin miners to Miami.

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