Miami Mayor Francis Suarez states that cryptocurrency is a “major priority” for him as he tries to develop his city into the crypto capital of the world. “I want us to differentiate ourselves as a crypto capital of the United States or of the world,” he stated.
‘Major Priority’ — Miami Aims to Become Crypto Capital of the World
Miami Mayor Francis Suarez spoke about bitcoin and cryptocurrency in an interview with Bloomberg, released Tuesday. The mayor has actually been lobbying legislators to permit civil servant to be paid in bitcoin in addition to permitting taxes to be paid in the cryptocurrency and for the city to invest a part of funds in BTC. He was asked just how much of a top priority crypto efforts were for him.
Mayor Suarez responded:
It’s a significant top priority for me since I desire us to distinguish ourselves as a crypto capital of the United States or of the world.
“We have actually done three things,” he shared. “One is that we are going to request a proposal in October to allow our employees to get paid in bitcoin, allow our residents to pay for fees in bitcoin, and even taxes in bitcoin if the county allows it.”
Regarding the state permitting the city to hold bitcoin on its balance sheet, he stated: “Of course, if we would’ve been able to hold it the moment that I put the resolution on our agenda, it’d be up by 30% or 40%, so would’ve looked like a genius back then. But that’s the way it works.”
The pro-bitcoin mayor likewise safeguarded BTC in an interview with Fox Business Tuesday. He was asked to comment about whether bitcoin was useless like JPMorgan CEO Jamie Dimon stated. The employer of the worldwide financial investment bank stated Monday, “I personally think that bitcoin is worthless.”
Suarez reacted, “It’s definitely not worthless,” explaining that the cost of bitcoin is presently around $55,000.
What do you consider Miami Mayor Suarez’s remarks? Let us understand in the remarks area listed below.
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