A small town in Missouri, USA, is reportedly planning to give every household $1000 worth of Bitcoin.
Jayson Stewart, the Mayor of Cool Valley, told crypto news media Cointelegraph that the town is raising funds to distribute Bitcoin (BTC) to roughly 1500 households that reside in the town.
The plans were previously announced in late August when the designated amount was just $500. However, the initiative got immense traction from all over the country, raking up the amount to $1000.
Stewart explained the reasoning behind the distribution of Bitcoin in a podcast with Bitcoin Magazine. He noted that Bitcoin has “given me a new way of thinking about humanity in the future.”
Continuing, he explained:
“It’s 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. There’s a certain level of hope and optimism that I get from Bitcoin.”
A scheduled date, time, and method to distribute Bitcoins have not been revealed yet. However, the major plans are to hold a Bitcoin-related educational workshop before distributing them.
He told Bitcoin Magazine:
“Bitcoin is fundamentally American. It is the most American thing. Our government is built on freedom and personal liberty, and rights and self-sovereignty, and all of the things that Bitcoin really is. I think it’s a natural marriage that Bitcoin in America will thrive.”