Miami Mayor Francis Suarez said he bought and hoarded bitcoin in anticipation of inflation.
Frances Suarez, US attorney and current mayor of Miami, revealed yesterday that he holds Bitcoin and Ethereum. And Suarez confirmed that he bought a quantity of them on the day the US Senate approved a stimulus plan worth 1.9 trillion dollars.
During an interview with CNBC,
The mayor of Miami added that he plans to expand his investments in cryptocurrencies.
He also described the movement of Bitcoin during the recent events in the crypto market as a "new asset" and expressed concerns that it and other cryptocurrencies could be manipulated.
“When I tweeted about our Bitcoin review in Miami, the video turned out to be the most viewed video I've ever posted.
The video has garnered nearly seven million views. The thing that shows that the interest in cryptocurrency is incredible.
I own bitcoin and also ethereum.
I bought the first at just over $30,000 and I bought Ethereum for about $1,500.
In a statement to CNBC, Suarez confirmed that he started the buying process on the day the US Senate passed the $1.9 trillion stimulus plan bill, as he was convinced that with this decision inflation had become inevitable.
In January 2021, the mayor of Miami announced a plan to invest in the world's largest cryptocurrency.
During an interview with Fox Business, Suarez mentioned that the city is putting in place regulations to facilitate crypto business in the region.
#bitcoinmining;
Over the past few months, Suarez has been vocal about Bitcoin and other crypto assets.
Last March, Suarez stated that countries around the world are mining bitcoin as the enemy of the environment. He added that the United States is able to provide clean energy for bitcoin mining.
In another interview with Laura Sheen in March, Sorrez stated:
“We have the ability to provide clean energy to bitcoin mining and data centers.
He also added: ``It will be beneficial for the crypto field to increase mining operations in the United States because we are able to provide clean energy, which will contribute to changing the world's view of this industry.
He also did not rule out the invasion of solar energy and other types of clean technology for this field.”
#My greetings;
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