Francis Suarez, the mayor of the US city of Miami, explains how he plans to make his city the capital of bitcoin. He believes that the issues surrounding cryptocurrency will “work on its own,” adding that “in the end, there is only one thing to do: buy the plunge.”
Miami Strives to Be the Capital of Bitcoin
Miami Mayor Francis Suarez delivered a speech at the Bitcoin 2021 conference in his city on Friday. He highlighted various attempts to make Miami the capital of bitcoin.
First, he said that Miami was the first to host a Satoshi white paper on a government website. “We were the first in the country. We were the first because you want to be the first to promote and create this generation of technology. We were the first because we understand that in an experiential world, people are looking for the best in terms of quality of life. We were the first because we understood the transformative benefits of being a first mover in an ever-expanding tech world, and we were the first because in this city, we really understand what it means to be the capital of the capital – it means to be the capital of bitcoin. of,” he described.
“And we didn’t stop there, we understood that to really believe, we had to integrate and take risks,” Meyer continued:
So I asked my city commission to allow our city to pay our employees in bitcoin, accept bitcoin for fees and taxes, and even explore the possibility of keeping it on our balance sheet. Put it
He then talked about the many streams of income coming from crypto into his city, including moving from New York City to Miami from Blockchain.com.
“This week we announced the headquarters of one of the largest blockchain and crypto trading platforms, Blockchain.com, creating 300 new jobs and a recurring economic impact of $30 million for our city,” the mayor shared.
“It is a movement for Miami like it is a movement for bitcoin,” he described. “The counter narrative on bitcoin will equally fail. Yes, the US will become the powerhouse of clean energy bitcoin mining. Yes, bitcoin will transact at a fast and stable price point, and ultimately proof-of-work versus proof-of-stake. To be decided.
Mayor Suarez also shared: “What I love about the bitcoin community is the enthusiasm, the energy, the energy for innovation, and it is something that will define our city and our world moving forward.”
Of course, there are still unresolved issues related to regulations, how governments will formulate policies without controlling currencies. I am sure those issues will resolve on their own. But in the end, there’s only one thing to do: buy the dip.
Do you agree with Mayor Suarez on the future of bitcoin and what he is doing to make Miami a bitcoin hub? Let us know in the comments section below.
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