The mayor of the U.S. city of Miami, Francis Suarez, explains how he plans to make his city the capital of bitcoin. He believes that issues surrounding cryptocurrency â€œwill work themselves out,â€ adding that â€œin the end, there is only one thing to do: buy the dip.â€
Miami Strives to Become the Capital of Bitcoin
Miami Mayor Francis Suarez gave a speech at the Bitcoin 2021 conference in his city on Friday. He highlighted various efforts to make Miami the bitcoin capital.
Firstly, he said that Miami was the first to host the Satoshi white paper on a government website. â€œWe were first in the country. We were first because you want to be first in promoting and building this generationâ€™s technology. We were first because we understand that in an experiential world, people are looking for the best in terms of quality of life. We were first because we understood the transformational advantage of being the first mover in an ever-increasing tech world, and we were first because in this city, we truly understand what it means to be the capital of capital â€“ it means to be the capital of bitcoin,â€ he described.
â€œAnd we didnâ€™t stop there, we understood that to truly believe, we have to integrate and take risks,â€ the mayor continued, elaborating:
He then talked about multiple streams of income flowing from the crypto space into his city, including from blockchain.com moving to Miami from New York City.
â€œJust this week we announced the headquarters of blockchain.com, one of the largest blockchain and crypto trading platforms, which created 300 new jobs and $30 million of recurring economic impact for our city,â€ the mayor shared.
â€œItâ€™s a movement for Miami like itâ€™s a movement for bitcoin,â€ he described. â€œThe counter narratives on bitcoin will equally fail. Yes, the U.S. will become a powerhouse for clean energy bitcoin mining. Yes, bitcoin will transact faster and at a stable price point, and ultimately proof-of-work versus proof-of-stake will be decided.â€
Mayor Suarez also shared: â€œWhat I love about the Bitcoin Community is the enthusiasm, the energy, the energy for innovation, and thatâ€™s something thatâ€™s going to define our city and our world going forward.â€
Do you agree with Mayor Suarez on the future of bitcoin and what do you think about what he is doing to make Miami a bitcoin hub? Let us know in the comments section below.
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