Miami’s Mayor ‘Open To Explore’ Investing in Bitcoin

The mayor of Miami has said that he’s open to exploring the idea of investing 1% of the city’s treasury reserve into Bitcoin.

December 30, 2020 | AtoZ Markets – In an interesting twist of events, the Mayor of Miami, Francis Suarez, has said that he’s open to exploring the idea of putting 1% of the city’s treasury reserves in Bitcoin.

Miami Mayor Francis Suarez open to exploring Bitcoin

This topic of conversation was initiated on Twitter by Anthony Pompliano. The co-founder of the blockchain-based investment firm Morgan Creek Digital Assets Tweeted out, “Retweet this if you would move to Miami if Mayor Francis Suarez puts 1% of the city’s treasury reserves into Bitcoin.”

Less than an hour later, the tweet has been shared over 1,200 times at the time of this writing. More interestingly, it caught the attention of Mayor Suarez himself.

Responding to Pomp’s tweet, he said that he is “Definitely open to exploring it.”

Of course, at this point, there’s absolutely no further information if any plans of the kind would ever come to fruition, but it’s undoubtedly a step in the right direction for Bitcoin that high-ranked administrative officials are even bringing it into the conversation.

While there are certain states where US citizens can use bitcoin to pay their taxes, such as Ohio, for example, it’s unheard of for any city, let alone state, to even consider investing treasury reserve funds in the cryptocurrency.

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