Investing 1% of the city funds is almost nothing, I didn't know how much the overall fund they had but I think 1% allocated is a very small amount.
You didn't think that 1% was significant? Well, I think it is. What we should be looking at is the amount involved in the whole thing. Let's assume that the city fund is $10billion, wouldn't that 1% be $100 million? Wouldn't that be an appreciable amount of investment? But of course, it will be. You know like they say, drops of water make an ocean or the other one – Block by block a house is built. I think that gesture should be applauded in expectations that more will be done or that more cities will join in. So, for me it's a plus.
I agree with you here. We don't know how much funds they have. So that 1% is big if they have big funds in their coffers. And also, if they will continuously do this type of investment, in time, it will also be big. It may be nothing for the moment, but as years go by and if the btc value will further increase, then its value will be a significant one in the future. With this initiative, even if they are starting small, it means, they are seeing the potential of btc investments in the future.
