Even then, like everything about politicians, i doubt this is about anything else other than popularity. Time will tell for sure. Considering how popular Bitcoin has become amongst the young, I hope that the US legislation, whenever it comes up, leaves space for people to invest and remove these clouds of doubt and uncertainty.
Basically. Politicians have got to gain the support of the people, and how do they go about doing that? They either promise or implement things which appeal to a certain demographic, usually the demographic that doesn't support them, trying to persuade a new audience to begin supporting them. That's basically what this is all about. I would take this with a pinch of salt.
This was an intelligent reply, this guy is clearly not a dummy. Sure he is technically down some since he converted his US dollar denominated salary in to bitcoin, but he knows this is how markets work. They go up and down. Now Of course the hope is bitcoin will become more stable, but this will take time. I thought this was a wise response from the mayor.
I guess it depends on his goals, he could want the price to remain low while he collects a handsome amount of Bitcoin, and then trade that in when Bitcoin goes higher, effectively earning more than his base salary would allow him in fiat.
