The Mayor of Miami, Francis Suarez, is exploring to put a certain amount of his city’s treasury reserves into Bitcoin. Miami is currently working hard to accept cryptocurrency as a payment method for city services and taxes. The mayor believes: “Bitcoin has been a stable investment in an extremely unstable year.”

Miami can use Bitcoin to invest in some of New York City’s treasury reserves

Francis Suarez, the mayor of Miami, Florida, has been discussing with the crypto community how to invest a small portion of the city’s treasury reserves in Bitcoin. Suarez is the first mayor born in Miami and previously served as a commissioner in the fourth district of Miami for eight years.

One upcoming Miami resident is Morgan Creek Digital partner Anthony Pompliano, who has been discussing what Bitcoin can do for Miami and why Suarez should use 1% of the city’s treasury reserves for cryptocurrency.

Pompriano tweeted on Tuesday: “If Mayor Francis Suarez invests 1% of the city’s inventory reserves in Bitcoin, please forward this message.” Suarez replied:

Definitely willing to explore it.

Twitter’s processing program is Hodler’s Danny, claiming “this is not unprecedented.” He asserted that the new Senator Cynthia Lummis (Cynthia Lummis), a new senator from Wyoming who supports Bitcoin, “has done this in the way of financial management in Wyoming, and no one else even thought of this idea.” Suarez replied: ” What they did will be investigated.”

Lummis, a Bitcoin scammer, said: “For me, Bitcoin shows great promise and has the potential to become a viable alternative store of value to the dollar at the institutional and personal levels.” She has promised to ensure Congress understands that Bitcoin is a huge store of value.

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Suarez recently tweeted:

In an extremely unstable year, Bitcoin has always been a stable investment.

He revealed on December 22 that the mayor of Miami has also been discussing “the ability to use Bitcoin and other cryptocurrencies to pay property taxes and city fees.” He replied to a tweet on Tuesday and said that Miami accepts BTC as a payment method for Bitcoin. means. He confirmed the city’s services:

We will definitely carry out this work in 2021.

Do you think Miami should invest a certain percentage of its treasury reserves into Bitcoin? Let us know in the comments section below.

Tags in this story

Accept Bitcoin, Bitcoin regulation, BTC, Francis Suarez, Invest in Bitcoin, Miami Bitcoin, Miami City Service, Mayor of Miami, Miami Tax, Miami Treasury Reserve, and pay taxes with Bitcoin

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