Miami mayor calls Bitcoin a stable investment in 2020

Miami mayor Francis Suarez drew attention from the community with his stance on the leading cryptocurrency. He called Bitcoin a stable investment in the current ‘unstable year’.

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? https://t.co/nenQ5xmfi7

— Mayor Francis Suarez (@FrancisSuarez) December 24, 2020

In his post, Suarez noted the founder of the cryptocurrency exchange Gemini Tyler Winklevoss and Morgan Creek Digital co-founder Anthony Pompliano. The latter stated that Miami ‘on the path to becoming a Bitcoin city’.

Miami is well on the way to becoming the Bitcoin city

— Pomp 🌪 (@APompliano) December 24, 2020

Tyler Winklevoss promised to give Suarez a signed copy of the book “Bitcoin Billionaires”.

Amazing. @cameron and I will bring you a signed copy of Bitcoin Billionaires when we have dinner w/ you and @shervin in Miami.

— Tyler Winklevoss (@tyler) December 24, 2020

Also Suarez is exploring the possibility to reorient Miami’s administration toward the cryptocurrency industry. In his view, South Florida should be ‘at the forefront of legislation’ promoting digital assets and anchored in innovation.

That is precisely where we ante to be…on the vanguard of legislation that promotes crypto and makes us forward leaning on innovation…will DM her. https://t.co/zoIptOi0N0

— Mayor Francis Suarez (@FrancisSuarez) December 24, 2020

Back in December, former congressman and US presidential candidate Ron Paul urged to grant Bitcoin legal status.

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