Local governments look to benefit off Bitcoin boom

By Kaelan Deese

Published April 11, 2021 4:00pm ET

Local governments look to benefit off Bitcoin boom — "I don't send all the crazy ideas I hear about at fundraisers your way, but this seems interesting and legit. Essentially digital currency with a green angle as opposed to bitcoin's libertarian Ayn Rand schtick," Podesta wrote. (AP Photo/Mark Lennihan, File) | Mark Lennihan

The cryptocurrency boom has led some local governments eager to cash in on the speculative asset’s boom.

While Bitcoin has been around since 2009, the latest Q1 2021 report from cryptocurrency exchange Coinbase posted $1.8 billion in revenue for the year so far, more than it brought for all of 2020.

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Local governments look to benefit off Bitcoin boom

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