{"id":280324,"date":"2020-12-30T07:12:02","date_gmt":"2020-12-30T12:12:02","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=280324"},"modified":"2020-12-30T07:12:02","modified_gmt":"2020-12-30T12:12:02","slug":"miamis-mayor-says-city-could-invest-in-bitcoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/miamis-mayor-says-city-could-invest-in-bitcoin","title":{"rendered":"Miami\u2019s Mayor Says City Could Invest In Bitcoin"},"content":{"rendered":"<p>The mayor of Miami Francis Suarez has revealed that the city could explore <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\">investments in Bitcoin<\/a>, by starting with a 1% investment of the city\u2019s treasury reserve into the top cryptocurrency.<\/p>\n<p>Earlier today popular Bitcoin enthusiast Anthony Pompliano tweeted about Bitcoin that caught the attention of the crypto community. He also asked his followers to retweet if they could consider moving to Miami if 1% of the city\u2019s treasury is invested in Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Retweet this if you would move to Miami if Mayor <a href=\"https:\/\/twitter.com\/FrancisSuarez?ref_src=twsrc%5Etfw\">@FrancisSuarez<\/a> put 1% of the city\u2019s treasury reserves in Bitcoin.<\/p>\n<p>&mdash; Pomp \ud83c\udf2a (@APompliano) <a href=\"https:\/\/twitter.com\/APompliano\/status\/1343940379176030208?ref_src=twsrc%5Etfw\">December 29, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Within an hour, his tweet was shared more than 1,200 times. Interestingly, the tweet and the retweet also caught the attention of Mayor Suarez.<\/p>\n<p>He <a href=\"https:\/\/twitter.com\/FrancisSuarez\/status\/1343940680817766401?ref_src=twsrc%5Etfw\">responded<\/a> to the tweet and said he could be exploring the possibility of such investment in Bitcoin with the reaction the original tweet received.<\/p>\n<h2>More interest in Bitcoin<\/h2>\n<p>Suarez also highlighted the growing importance and popularity of Bitcoin by calling it a \u201cstable investment\u201d during an \u201cincredibly unstable year.\u201d<\/p>\n<p>He also added that he is learning more about the top cryptocurrency from Bitcoin proponents such as Anthony Pompilano and Tyler Winklevoss.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/bitcoin-2902690_1280-1.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-279615\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/bitcoin-2902690_1280-1.jpg\" alt=\"Asset Manager Ruffer Bets on Bitcoin\" width=\"1280\" height=\"898\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/bitcoin-2902690_1280-1.jpg 1280w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/bitcoin-2902690_1280-1-300x210.jpg 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/bitcoin-2902690_1280-1-1024x718.jpg 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/bitcoin-2902690_1280-1-768x539.jpg 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/a><\/p>\n<p>However, it\u2019s not certain whether Suarez is having any plans for his tweet and whether the investment in Bitcoin will come to reality soon. But it\u2019s the type of news the Bitcoin and crypto community loves to hear. To see that top-ranked government officials are even discussing Bitcoin investment is a step in the right direction for the growth of the cryptocurrency industry.<\/p>\n<h2>Miami, the future city of Bitcoin<\/h2>\n<p>In response to Suarez\u2019s tweet, Tyler promised to deliver a \u2018signed copy of Bitcoin Billionaires\u2019 to Suarez to inform him more about the cryptocurrency industry. Pompliano, on the other hand, tweeted that Miami is the future of Bitcoin.<\/p>\n<p>There has been increased interest in Bitcoin and cryptocurrencies by the mainstream. U.S. senator-elect Cynthia Lummis, who is a Bitcoin holder, recently stated that she will strive to make the US congress see that Bitcoin is a great value.<\/p>\n<p>In some US states, such as Ohio, the citizens can pay their taxes using Bitcoin. But no city or state has ever considered investing its treasury reserve funds in cryptocurrency. It\u2019s a boost to the crypto industry for such discussions to even take place.<\/p>\n<p>However, investment or interest in Bitcoin as a government official is not new anymore. What is new and even more interesting is the idea of a City in the US making investments in Bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The mayor of Miami Francis Suarez has revealed that the city could explore investments in Bitcoin, by starting with a 1% investment of the city\u2019s <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/miamis-mayor-says-city-could-invest-in-bitcoin\" title=\"Miami\u2019s Mayor Says City Could Invest In Bitcoin\">[&#8230;]<\/a><\/div>","protected":false},"author":1717,"featured_media":279887,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[734,5319,7598,7893],"class_list":["post-280324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bitcoin","tag-btc","tag-crypto","tag-trading"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Miami\u2019s Mayor Says City Could Invest In Bitcoin<\/title>\n<meta name=\"description\" content=\"The mayor of Miami Francis Suarez has revealed that the city could explore investments in Bitcoin, by starting with a 1% investment\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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