Miami mayor praises Bitcoin as ’stable investment

Miami mayor praises Bitcoin as ’stable investment product‘ in times of crisis

Miami Mayor Francis Suarez is the next influential person to publicly praise Bitcoin (BTC), further highlighting the adoption of the market-leading cryptocurrency.

In a related tweet on Thursday, Suarez calls Bitcoin a „stable investment product in a year marked by incredible instability“. He added that he has been educated about the Bitcoin Blueprint digital currency by prominent crypto experts such as Tyler Winklevoss and Anthony Pompliano.

Great insight into how @Bitcoin has been a stable investment during and incredibly unstable year…currently reading Bitcoin Billionaires @tyler. @APompliano any other good reads?
– Mayor Francis Suarez (@FrancisSuarez) December 24, 2020

Both Winklevoss and Pompliano subsequently responded to Suarez’s tweet. Tyler, for example, said he plans to bring the Miami mayor, along with his brother Cameron, a signed copy of their book „Bitcoin Billionaires“ the next time they’re in town.

Miami is well on the way to becoming the Bitcoin city
– Pomp (@APompliano) December 24, 2020

Pompliano, meanwhile, said Miami is well on its way to becoming the first „Bitcoin city“ in the US. This idea was echoed by another Twitter user, who suggested that the mayor incorporate blockchain technology into the city’s political life. Suarez doesn’t seem averse to this, as he replied, „We’ll definitely look into that!“

Absolutely exploring that @APompliano @GrapefruitTrade
– Mayor Francis Suarez (@FrancisSuarez) December 24, 2020

Francis Suarez was elected mayor of Miami in November 2017 as a non-partisan candidate

Prior to his career in politics, he had worked as a lawyer and worked in real estate.

Miami is being touted as one of the most interesting hubs for cryptocurrencies in the US, due to the city’s lax regulation and abundant capital. The North American Bitcoin Conference, attended by notable industry figures such as Charles Hoskinson, Roger Ver and Riccardo Sagni, was held in Miami earlier this year.

The current skyrocketing of the market-leading cryptocurrency, driven by increased interest from major investors and corporations, has put Bitcoin back in the spotlight. Adoption of the cryptocurrency is increasingly seen as an advantage in times of crisis and economic uncertainty.