The reported quote talks about investing into cryptocurrency and not Bitcoin in particular, so the headline is a bit misleading and as may others is a ploy to get traffic from Bitcoin users and news about government adoption is one to get people excited.

I am not really concerned about the news of investing city funds into Bitcoin, it is fast becoming the safest way to store wealth and it's only a matter of time before more nations and treasuries use it. I was more interested in the part which talked about tax exemption which I believe was teased in the US infrastructure bill which was public some months ago. This is a big step from any nation which wishes to become more crypto friendly.