Mayor of Miami calls Bitcoin a „stable investment“ and wants a crypto-centric government


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

Mayor of Miami calls Bitcoin a „stable investment“ and wants a government focused on crypto and NEWS

Miami Mayor Francis Suarez is the newest leading figure to Crypto Bull publicize Bitcoin (BTC), offering further evidence that traditional adoption is growing.

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

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

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

Suarez was elected mayor of Miami in November 2017, after running as a nonpartisan candidate. Before entering politics, he worked as a lawyer and also founded a real estate brokerage firm.

Miami has been described by some media as one of the hottest American cities for cryptomorphs due to the flexibility of state oversight and an influx of foreign capital. The North American Bitcoin Conference, which featured such names as Charles Hoskinson, Roger Ver and Riccardo Sagni, was held in Miami earlier this year.

This year’s Bitcoin explosion, fuelled in part by corporate and institutional adoption, is generating new conversations about digital assets. Bitcoin adoption is increasingly seen as a competitive advantage in an economy marked by financial instability, asset price inflation and record central bank intervention.