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The Price of Bitcoin Is About to Get a Little Government Help
The price of Bitcoin stands to get a boost this year from an unlikely source - state and local governments.
At least two states, New Hampshire and Utah, have bills under consideration that would make it possible for citizens to pay taxes and fees in Bitcoin. New York City has proposed similar legislation.
The likelihood of some governments taking Bitcoin payments gives the digital currency a stamp of legitimacy. And the added confidence that brings ultimately will have a positive impact on the price of Bitcoin.
The price of Bitcoin stands to get a boost this year from an unlikely source - state and local governments.
At least two states, New Hampshire and Utah, have bills under consideration that would make it possible for citizens to pay taxes and fees in Bitcoin. New York City has proposed similar legislation.
The likelihood of some governments taking Bitcoin payments gives the digital currency a stamp of legitimacy. And the added confidence that brings ultimately will have a positive impact on the price of Bitcoin.