Big news! A group of police and firefighters in Sunnyvale, California, decided to use Bitcoin, a type of cryptocurrency, to manage their money. This is the first time a U.S. public safety organization has done this.
- They chose Bitcoin because it helps protect their money from inflation (when prices go up).
- They will control their Bitcoin themselves, not letting anyone else manage it. This is called 'self-custody'.
- This shows that more and more people are trusting Bitcoin as a way to store value.
Fact | Detail |
---|---|
Number of workers represented | Over 600 |
Type of Organization | Public Safety (Police & Fire) |
Bitcoin's role | Main asset for financial operations |