Vancouver Mayor Advocates Bitcoin for City Strategy

• Lyla Velez
• October 4, 2025
• Policy
• 0 Comments

Vancouver Mayor Ken Sim declared the value of integrating Bitcoin into the city’s financial strategy, emphasizing its potential role in preserving financial stability during a recent council motion.

Ken Sim’s promotion of Bitcoin is significant as it reflects a progressive step toward digital assets in municipal finance, potentially influencing broader adoption strategies.

Rationale Behind Bitcoin Adoption

The proposal from Vancouver Mayor Ken Sim centers on integrating Bitcoin into city finances to counteract currency debasement. Having shifted from skepticism to advocacy, Sim aims to safeguard financial stability through cryptocurrencies. His financial disclosures reveal personal investments in Bitcoin, illustrating the depth of his support.

While no funds have been allocated yet, Vancouver’s council may consider putting a fraction of its reserves into Bitcoin, pending a feasibility report. Sim highlighted the potential annual loss in public purchasing power due to inflation, foregrounding the urgency of exploring cryptocurrency as a solution.

“The cost of living is rising because government-backed currencies are becoming ‘debased’ — something cryptocurrency could hedge against.” – Ken Sim, Mayor of Vancouver

Initial impacts are yet to manifest as the initiative is in its preliminary phases. However, a precedent seen in other cities suggests that successful adoption could stimulate broader municipal interest and might position Vancouver at the forefront of public sector crypto integration.

Sim’s advocacy marks a pivotal point in municipal finance, spotlighting cryptocurrencies’ potential benefits over traditional assets. The Canadian city’s feasibility study positions it among notable examples like El Salvador and certain Swiss cities, experimenting with Bitcoin to realize enhanced financial resilience.