Miami mayor calls Bitcoin ‘stable investment’ during unstable year

Spread the love

Mayor Francis Suarez is learning about Bitcoin from the Winklevoss twins and Anthony Pompliano.

Miami mayor Francis Suarez is the latest high-profile figure to tout Bitcoin (BTC), offering more evidence that mainstream adoption is growing.

In a Thursday tweet, Suarez called Bitcoin a “stable investment” during an “incredibly unstable year,” adding that he’s learning about the flagship digital asset through figures like Tyler Winklevoss and Anthony Pompliano.

Winklevoss and Pompliano both responded to Suarez’s tweet. Tyler said he and his brother Cameron will bring the Miami mayor a “signed copy of Bitcoin Billionaires,” a book written about the twins, while Pompliano touted Miami as a future Bitcoin city.

Earlier in the day, Suarez indicated that his administration is exploring the idea of Miami becoming the first crypto-centric government in the country. “Absolutely exploring that,” he said in response to a tweet. No further details were provided.

Suarez was elected the mayor of Miami in Nov 2017 after running as a nonpartisan candidate. Before entering politics, he worked as an attorney and also founded a title real estate title company.

RECOMMENDED READ:  How Bitcoin’s lower support retest was bought up by bulls

Miami has been described by some news outlets as one of the hottest American cities for cryptocurrencies due to lax state oversight and an influx of foreign capital. The North American Bitcoin Conference, which featured names like Charles Hoskinson, Roger Ver and Riccardo Sagni, was held in Miami at the start of the year.

Bitcoin’s explosive rally this year, fueled in part by corporate and institutional adoption, is driving new conversations about digital assets. Bitcoin adoption is increasingly viewed as a competitive advantage in an economy wrought with financial instability, asset-price inflation and record central-bank intervention.

 361 Interactions,  2 today

READ ALSO:
How US wealth levy force millionaires to accept Bitcoin

A tax on the ultra-wealthy could nudge them towards crypto in certain respects, but hiding assets is not one of Read more

Trump’s former economic adviser on why Bitcoin is not a “trustworthy store of value.”

On its way down, the price of Bitcoin sometimes encounters several bearish sentiments arguing that the currency should not have Read more

RECOMMENDED READ:  Block Day: Remembering 12 years ago today when Satoshi Nakamoto mined the first Bitcoin block
XRP holders denied participation as third-party claimant in the Ripple-SEC lawsuit.

The judge presiding over the SEC-Ripple case has rejected the assets holders' request to appear as third-party claimants in the Read more

Over $40b in stimulus payments likely to end up invested on Bitcoin.

Following the approval of the trillion-dollar stimulus programme by US officials, many Americans got their own stimulus checks. According to Read more

According to Coin Centre, the proposed FinCEN law is a “grave danger to personal privacy.”

The advocacy group takes aim at the new obligation to produce currency transaction reports for crypto transactions in its most Read more

US Congress adopts bill banning digital coins from securities legislation

A bill to exempt digital currencies from being defined as shares has been reintroduced in the U.S. Congress. The Token Read more

BitGo is granted a confidence licence by New York regulators

Goldman Sachs-backed crypto custodian BitGo has secured a licence from the New York Trust to act as an independent custodian Read more

Ripple is loyal to San Francisco, said co-founder Chris Larsen.

In October last year, Chris Larsen, co-founder of Ripple, said that the company would consider moving to other countries, citing Read more

Yellen’s criticism of Bitcoin dismissed by Miami Mayor

Miami and Mayor Francis Suarez have worked over the last few weeks and months to position the city as the Read more

How central bank’s pledge to buy more bonds benefits Bitcoin

Panic has been visible across financial markets and global banks for a while now, with central banks across the world Read more

US judge dismisses the case of crypto fraud against the BNT token issuer.

The U.S. Federal Judge ruled that the case against the crypto corporation Bancor had been dismissed, citing the lack of Read more

Leave a Reply

Contact Us