The timing is right to investigate this growing interest in cryptocurrency for the sheer fact that those who get in early on a positive growth trend stand to gain the most.
The Federal Reserve has gone into overdrive printing money in order to deal with the economic implications from COVID-19 ($6 trillion so far). This level of inflation in such a short period of time is unsustainable.
Since states and local governments do not have the ability to print fiat money, it only makes sense for these institutions to begin the process of diversifying their portfolios in order to protect their positions.
Here are the top five reasons why local governments should start researching the cryptocurrency market and consider allowing residents to pay their taxes and utility bills in cryptocurrency