Miami mayor calls Bitcoin ‘stable investment’ during unstable year


Related articles


Miami mayor Francis Suarez is the most recent high-profile determine to tout Bitcoin (BTC), providing extra proof that mainstream adoption is rising.  

In a Thursday tweet, Suarez called Bitcoin a “steady funding” throughout an “extremely unstable 12 months,” including that he’s studying concerning the flagship digital asset via figures like Tyler Winklevoss and Anthony Pompliano.

Winklevoss and Pompliano each responded to Suarez’s tweet. Tyler stated he and his brother Cameron will convey the Miami mayor a “signed copy of Bitcoin Billionaires,” a ebook written concerning the twins, whereas Pompliano touted Miami as a future Bitcoin metropolis.

Earlier within the day, Suarez indicated that his administration is exploring the thought of Miami changing into the primary crypto-centric authorities within the nation. “Completely exploring that,” he stated in response to a tweet. No additional particulars have been supplied. 

Suarez was elected the mayor of Miami in Nov 2017 after operating as a nonpartisan candidate. Earlier than coming into politics, he labored as an lawyer and likewise based a title actual property title firm.

Miami has been described by some information retailers as one of many hottest American cities for cryptocurrencies as a consequence of lax state oversight and an inflow of international capital. The North American Bitcoin Convention, which featured names like Charles Hoskinson, Roger Ver and Riccardo Sagni, was held in Miami at the beginning of the 12 months.

Bitcoin’s explosive rally this 12 months, fueled partly by company and institutional adoption, is driving new conversations about digital belongings. Bitcoin adoption is more and more seen as a aggressive benefit in an economic system wrought with monetary instability, asset-price inflation and document central-bank intervention.