Re: Brazilian mayor to reportedly invest 1% of city funds in Bitcoin
As much as this sounds good for the crypto community, am hoping that the mayor is not acting ultravires which could land the mayor in problems and in the process give bitcoin a bad name. But if his acting within his powers then this is good news 
and hope this investment pays well with time.
Yes, it's true I have the same thoughts as you, what I'm afraid of is that he hides behind the word "bitcoin" especially if it is used for his own political interests. I think all bitcoin users welcome this, as long as it doesn't make bitcoin a bad name in the wider community later. and hope this investment pays well with time.