Key Takeaways

  • Mayor Suarez is considering putting some of the city’s treasury reserves into bitcoin.
  • He wants to diversify the city’s investment portfolio by investing in Bitcoin.
  • The move would turn Miami into one of the most crypto-forward city in the country, according to him.

Share this article

Miami Mayor Francis Suarez is considering allocating a portion of the city’s treasury reserves into Bitcoin. He wants to turn Miami into the country’s friendliest crypto city.

Miami Mayor Warms to Bitcoin

In an interview with Fox Business, the mayor of Miami, Francis Suarez, said, “if I would have [bought Bitcoin] last year, I would have made 200 plus percent. I would have looked like a genius.” He believes that as Bitcoin becomes more mainstream and due to its limited supply, the price of BTC, the leading cryptocurrency in the world by market capitalization, will only go up.

The mayor added that he is exploring how to let Miami citizens pay their local taxes and fees in Bitcoin. The move would turn Miami into “the most crypto-forward and technological cities in the country,” he said.

Suarez is looking to jurisdictions that have made a similar move, including Wyoming, a state which has become something of a crypto haven for blockchain businesses. It’s already home to Kraken’s crypto bank as well as Avanti’s offering.

Similarly, the mayor of Miami wants to entice larger technology companies to move to the city, and in turn, he hopes that they will create high-paying jobs for residents.

Recently, both Bitcoin and the Equities market witnessed a surge in their respective prices. This was in anticipation of President-elect Joe Biden’s $1.9 trillion stimulus promises.

On Jan. 12, 2021, the mayor met Gemini’s Winklevoss Twins to discuss Bitcoin, cryptocurrencies, and the possibility of Gemini opening up a LATAM Headquarter in Miami.

Share this article

756 COMMENTS

  1. It’s a pity you don’t have a donate button! I’d certainly donate to this excellent blog! I guess for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to new updates and will share this website with my Facebook group. Talk soon!|

  2. Fantastic site. Plenty of helpful information here. I’m sending it to some pals ans also sharing in delicious. And certainly, thanks for your effort!|

  3. Wow! This blog looks just like my old one! It’s on a entirely different topic but it has pretty much the same page layout and design. Wonderful choice of colors!|

  4. Ahaa, its fastidious dialogue regarding this post here at this web site, I have read all that, so at this time me also commenting at this place.|

  5. Hey there I am so grateful I found your blog, I really found you by mistake, while I was researching on Yahoo for something else, Regardless I am here now and would just like to say thanks for a marvelous post and a all round entertaining blog (I also love the theme/design), I don’t have time to read through it all at the minute but I have bookmarked it and also added your RSS feeds, so when I have time I will be back to read much more, Please do keep up the fantastic job.|

  6. This is my first time pay a quick visit at here and i am truly impressed to read everthing at single place.|

  7. Fantastic beat ! I would like to apprentice while you amend your web site, how could i subscribe for a blog website? The account aided me a acceptable deal. I had been tiny bit acquainted of this your broadcast offered bright clear idea|

  8. At this time it sounds like Movable Type is the best blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?|

  9. If you are going for most excellent contents like me, just visit this site every day as it gives feature contents, thanks|

  10. Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.|

  11. A person essentially lend a hand to make significantly posts I would state. This is the very first time I frequented your website page and so far? I amazed with the analysis you made to make this particular publish extraordinary. Magnificent activity!|

  12. My brother suggested I would possibly like this blog. He was totally right. This publish truly made my day. You can not believe just how so much time I had spent for this info! Thank you!|

  13. This is very fascinating, You are an overly professional blogger. I have joined your rss feed and stay up for looking for extra of your magnificent post. Also, I’ve shared your site in my social networks|

  14. Hello just wanted to give you a quick heads up. The words in your post seem to be running off the screen in Ie. I’m not sure if this is a format issue or something to do with internet browser compatibility but I thought I’d post to let you know. The style and design look great though! Hope you get the issue resolved soon. Cheers|

  15. Amazing! Its genuinely awesome piece of writing, I have got much clear idea concerning from this paragraph.|

  16. I loved as much as you’ll receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get bought an nervousness over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this hike.|

  17. An outstanding share! I’ve just forwarded this onto a co-worker who was doing a little homework on this. And he in fact ordered me lunch simply because I found it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanx for spending time to discuss this subject here on your web page.|

  18. Howdy I am so thrilled I found your weblog, I really found you by mistake, while I was searching on Yahoo for something else, Anyhow I am here now and would just like to say thank you for a remarkable post and a all round exciting blog (I also love the theme/design), I don’t have time to look over it all at the minute but I have bookmarked it and also added in your RSS feeds, so when I have time I will be back to read much more, Please do keep up the superb job.|

  19. Fantastic goods from you, man. I have understand your stuff previous to and you’re just extremely excellent. I actually like what you’ve acquired here, certainly like what you’re saying and the way in which you say it. You make it enjoyable and you still care for to keep it smart. I cant wait to read much more from you. This is actually a great website.|

  20. These are actually impressive ideas in regarding blogging. You have touched some nice points here. Any way keep up wrinting.|

  21. Hello, Neat post. There’s an issue together with your web site in web explorer, may test this? IE nonetheless is the market chief and a good component to folks will leave out your magnificent writing due to this problem.|

  22. Generally I don’t learn post on blogs, however I wish to say that this write-up very pressured me to check out and do it! Your writing style has been surprised me. Thank you, very great post.|

  23. When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several emails with the same comment. Is there any way you can remove people from that service? Thanks a lot!|

  24. Quality articles is the key to interest the viewers to visit the web page, that’s what this web page is providing.|

  25. Attractive section of content. I just stumbled upon your web site and in accession capital to assert that I acquire actually enjoyed account your blog posts. Anyway I’ll be subscribing to your feeds and even I achievement you access consistently fast.|

  26. I read this paragraph completely about the difference of latest and previous technologies, it’s remarkable article.|

  27. Sweet blog! I found it while surfing around on Yahoo News. Do you have any suggestions on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Thanks|

  28. Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.|

LEAVE A REPLY

Please enter your comment!
Please enter your name here