The Mayor of Miami, Francis Suarez, explained how he plans to make his city the capital of Bitcoin. He believes that the problems surrounding cryptocurrency “will solve it on its own,” adding that “in the end, there is only one thing to do: buy on dips.”

Miami strives to become the capital of Bitcoin

The Mayor of Miami, Francis Suarez, spoke at the 2021 Bitcoin Conference in his city on Friday. He highlighted the various efforts to make Miami the capital of Bitcoin.

First, he said that Miami was the first place to host Satoshi Nakamoto’s white paper on a government website. “We are the first in the country. We are the first because you want to be the first to promote and build this generation of technology. We are the first because we know that in the experiential world, people are looking for the best Quality of life. We are the first because we understand the transformational advantages of being a first mover in the ever-growing technological world, and we are the first because in this city, we truly understand what it means to be the capital of capital-which means Become the capital bitcoin,” he described.

“And we didn’t stop there. We understand that to truly believe, we must integrate and take risks,” the mayor continued, explaining in detail:

So I asked my city committee to allow our city to pay our employees with Bitcoin, accept Bitcoin for fees and taxes, and even explore the possibility of keeping it on our balance sheet.

Then, he talked about the multiple sources of income flowing into his city from the crypto space, including moving from blockchain.com from New York City to Miami.

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“Just this week, we announced the headquarters of Blockchain.com, one of the largest blockchain and crypto trading platforms that created 300 new jobs and a recurring economic impact of $30 million in our city ,” the mayor shared.

“This is a movement in Miami, just like the movement of Bitcoin,” he described. “The negative narrative about Bitcoin will also fail. Yes, the United States will become a powerhouse for clean energy Bitcoin mining. Yes, Bitcoin will be traded faster at a stable price, which will ultimately determine the proof of work or equity prove.”

Mayor Suarez also shared: “I like the enthusiasm, vitality and innovative energy of the Bitcoin community, which will define our city and our world to move forward.”

he thinks:

Of course, there are still issues to be resolved in terms of supervision, how the government can formulate policies without controlling currency. I believe that these problems will resolve themselves. But in the end, there is only one thing to do: buy on dips.

Do you agree with Mayor Suarez’s views on the future of Bitcoin, and what do you think of his work to make Miami a Bitcoin hub? Let us know in the comments section below.

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