• About Us
  • Privacy Policy
  • Contact Us
Bitbion
Advertisement
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
No Result
View All Result
Bitbion
No Result
View All Result
Home Bitcoin

Mayor Francis Suarez talks benefits of buying Bitcoin for Miami’s city treasury

January 16, 2021
in Bitcoin
0
Mayor Francis Suarez talks benefits of buying Bitcoin for Miami’s city treasury
Share on FacebookShare on Twitter


The official has spearheaded progressive technology regulation for the East coast city. And he’s now turning his attention towards Bitcoin.

Bitcoin for Miami!

Miami Mayor Francis Suarez teased a Bitcoin purchase earlier today, as per a tweet. This was not intended for his personal account, however, with Suarez stating that Miami’s treasury funds could find their way to Bitcoin.

“We hope to make our City of Miami one of the most crypto-forward and technologically advanced cities,” Suarez said in the tweet.

We hope to make our City of Miami one of the most crypto-forward and technologically advanced cities. https://t.co/eagwXou1fq

— Mayor Francis Suarez (@FrancisSuarez) January 14, 2021

Suarez is already lamenting not buying the world’s biggest crypto asset earlier. As per a related report on Fox Business, the Miami Mayor said that the reserves could have been “200 percent plus” had he committed to the plan earlier.

The Mayor added that Miami was even looking into allowing citizens to pay taxes and fees to the city in Bitcoin, stating it was already looking to create a regulatory framework that made the city of Miami “the easiest place in the United States to do business if you’re doing it in cryptocurrencies.”

Suarez noted:

“I want the creative and the innovative class to come here and create high-paying jobs for my residents.”

He added that Bitcoin was a “a very attractive investment” and that the city of Miami is even considering “diversifying our investment portfolio” and holding a percentage of investments in Bitcoin, as per Fox.

Growing demand…or FOMO?

Bitcoin has been embraced in a big way by hedge fund managers, government officials, and technology entrepreneurs in the past year.

In May 2020, Paul Tudor Jones called Bitcoin the “fastest horse” to bet on and purchased over $70 million worth of Bitcoin futures. He was joined by other fund managers in similar efforts as well.

Then, in August, business intelligence company MicroStrategy purchased over $250 million worth of Bitcoin, followed by another $175 million purchase the next month. The spree didn’t end, however: By December 2020, MicroStrategy picked up another $650 million worth of Bitcoin using a convertible note, bringing its total holdings to over $1 billion.

This is an absolutely massive catalyst and signal for what’s coming across the globe

Miami Mayor @FrancisSuarez is set to invest government cash reserves into Bitcoin, while also accepting Bitcoin for taxes and other payments

The Bitcoin wave is coming

pic.twitter.com/liZqKgESie

— Jeff Kirdeikis (@JeffKirdeikis) January 14, 2021

MicroStrategy is not selling its Bitcoin anytime soon either, stating it to be one of the biggest and best hedges against all other asset classes on the market. It’s a point Suarez seems to believe as well. He said recently, “It’s only going to go up.”

Like what you see? Subscribe for daily updates.





Source link

Tags: benefitsBitcoinbuyingCityFrancismayorMiamisSuareztalksTreasury
Share76Tweet47

Related Posts

The Simplest Bitcoin Analysis as BTC/USD Refreshes Milestone High

The Simplest Bitcoin Analysis as BTC/USD Refreshes Milestone High

by
April 13, 2021
0

A quick look into the world’s leading cryptocurrency Bitcoin and what’s ahead for it as it achieves another lifetime...

Bitcoin blasts through $32,300: What do analysts think about BTC in Q1 2021?

Bitcoin (BTC) breaks $62,000 to new all-time highs

by
April 13, 2021
0

25% of all Bitcoin was exchanged in this key price rangeThe past few months have seen billions of dollars...

Bitcoin Price Breaches $61,000 Ahead of Key Inflation Figures; What’s Next?

Bitcoin Price Breaches $61,000 Ahead of Key Inflation Figures; What’s Next?

by
April 13, 2021
0

Key Bitcoin Price Outlook The bitcoin price briefly surged above $61,000 on Tuesday. The climb surfaced as a part...

Mike Novogratz’s Galaxy Digital files for Bitcoin ETF with U.S. regulators

Mike Novogratz’s Galaxy Digital files for Bitcoin ETF with U.S. regulators

by
April 12, 2021
0

Galaxy Digital today submitted Form S-1 with the U.S. Securities and Exchange Commission (SEC) for consideration of a Bitcoin...

Bitcoin Indicator Says The Top Is In

Bitcoin Indicator Says The Top Is In

by
April 12, 2021
0

Bitcoin price has finally closed a weekly candle over $60,000 on Binance for the first time in the asset’s...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
BitTorrent (BTT) Throws Another Jab at Filecoin (FIL)

BitTorrent (BTT) Throws Another Jab at Filecoin (FIL)

November 20, 2020
Institutions are buying Litecoin (LTC) at a 1,200% price premium

Institutions are buying Litecoin (LTC) at a 1,200% price premium

November 22, 2020
Litecoin Price and Hashrate Diving Down; What’s Next?

Litecoin Price and Hashrate Diving Down; What’s Next?

November 25, 2020
3 Reasons Why XRP is Unlikely to Benefit From Ongoing Altcoin Surge

3 Reasons Why XRP is Unlikely to Benefit From Ongoing Altcoin Surge

November 25, 2020
Texas Regulators Clamp Down on Bitcoin ‘Ultra Mining’ Firm

Texas Regulators Clamp Down on Bitcoin ‘Ultra Mining’ Firm

0
Lightning Network’s New Liquidity Marketplace Attracts a ‘Surprising’ Mix of Individuals, Enterprises

Lightning Network’s New Liquidity Marketplace Attracts a ‘Surprising’ Mix of Individuals, Enterprises

0
BitTorrent (BTT) Throws Another Jab at Filecoin (FIL)

BitTorrent (BTT) Throws Another Jab at Filecoin (FIL)

0
Softbank CEO sold Bitcoin at a $130m loss after getting “too distracted”

Softbank CEO sold Bitcoin at a $130m loss after getting “too distracted”

0
Dogecoin is one of the top-performers in Q1 2021 that’s looking for further gains

Dogecoin is one of the top-performers in Q1 2021 that’s looking for further gains

April 13, 2021
The Simplest Bitcoin Analysis as BTC/USD Refreshes Milestone High

The Simplest Bitcoin Analysis as BTC/USD Refreshes Milestone High

April 13, 2021
Bitcoin blasts through $32,300: What do analysts think about BTC in Q1 2021?

Bitcoin (BTC) breaks $62,000 to new all-time highs

April 13, 2021
Bitcoin Price Breaches $61,000 Ahead of Key Inflation Figures; What’s Next?

Bitcoin Price Breaches $61,000 Ahead of Key Inflation Figures; What’s Next?

April 13, 2021

We have all the latest updated and legitimate information related to Blockchain, Cryptocurrency, latest market rates & trends, prices, new regulations along with every other thing that somehow related to crypto or digital currency market. Our main idea is to provide the kind of news that is original and at the same time, it can prove to be beneficial for our audience.

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Market
  • Regulation

Archives

  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020

Recent News

Dogecoin is one of the top-performers in Q1 2021 that’s looking for further gains

Dogecoin is one of the top-performers in Q1 2021 that’s looking for further gains

April 13, 2021
The Simplest Bitcoin Analysis as BTC/USD Refreshes Milestone High

The Simplest Bitcoin Analysis as BTC/USD Refreshes Milestone High

April 13, 2021
Bitcoin blasts through $32,300: What do analysts think about BTC in Q1 2021?

Bitcoin (BTC) breaks $62,000 to new all-time highs

April 13, 2021
  • About Us
  • Privacy Policy
  • Contact Us

© 2020 bitbion.com

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices

© 2020 bitbion.com