Mayor Suarez likewise shared: “What I love about the Bitcoin Community is the interest, the energy, the energy for development, and thats something thats going to specify our city and our world going forward.”
He believed:
Obviously, there are still unsettled concerns connected to policies, how federal governments will formulate policies without managing currencies. Those concerns, I am confident, will work themselves out. In the end, there is only one thing to do: purchase the dip.
Do you agree with Mayor Suarez on the future of bitcoin and what do you think of what he is doing to make Miami a bitcoin hub? Let us know in the remarks section below.

The mayor of the U.S. city of Miami, Francis Suarez, describes how he plans to make his city the capital of bitcoin. He believes that concerns surrounding cryptocurrency “will work themselves out,” adding that “in the end, there is only one thing to do: buy the dip.”
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 different efforts to make Miami the bitcoin capital.
He stated that Miami was the first to host the Satoshi white paper on a federal government site. “We were first in the nation. Because you desire to be initially in constructing this generation and promotings innovation, we were first. We were first because we comprehend that in an experiential world, people are trying to find the very best in terms of lifestyle. We were first because we comprehended the transformational benefit of being the very first mover in an ever-increasing tech world, and we were initially due to the fact that in this city, we truly comprehend what it suggests to be the capital of capital– it suggests to be the capital of bitcoin,” he explained.
” And we didnt stop there, we comprehended that to genuinely believe, we have to incorporate and take threats,” the mayor continued, elaborating:
I asked my city commission to permit our city to pay our staff members in bitcoin, accept bitcoin for taxes and charges, and even check out the possibility of holding it on our balance sheet.
He then spoke about several streams of income flowing from the crypto area into his city, consisting of from blockchain.com relocating to Miami from New York City.
” Just today we announced the head office of blockchain.com, among the biggest blockchain and crypto trading platforms, which produced 300 new tasks and $30 countless recurring economic impact for our city,” the mayor shared.
” Its a movement for Miami like its a movement for bitcoin,” he described. “The counter stories on bitcoin will similarly stop working. Yes, the U.S. will end up being a powerhouse for clean energy bitcoin mining. Yes, bitcoin will transact faster and at a steady price point, and ultimately proof-of-work versus proof-of-stake will be decided.”

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We were initially since we comprehended the transformational benefit of being the first mover in an ever-increasing tech world, and we were initially because in this city, we really comprehend what it implies to be the capital of capital– it means to be the capital of bitcoin,” he explained.
” Its a movement for Miami like its a movement for bitcoin,” he explained. “The counter stories on bitcoin will similarly stop working. 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 eventually proof-of-work versus proof-of-stake will be chosen.”