Miami Mayor Francis Suarez said at the Ethereal virtual summit that he bought Bitcoin and Ethereum in early March. He made the decision after the US Senate approved a $ 1.9 trillion economic bailout plan .
According to Suarez, people will not want to store currency in US dollars, so cryptocurrencies will continue to grow.
The official added that Bitcoin has reached a level of adoption that is too high to fall under a regulatory ban.
At the end of 2020, Suarez said he was “open to exploring” the possibility of investing 1% of Miami’s city budget reserves in digital gold.
In February 2021, the official spoke about the possibility of paying salaries to civil servants in Bitcoin. Miami authorities have voted to explore options for integrating the first cryptocurrency into municipal infrastructure.
Recall that in March, Suarez spoke about his desire to create a center for bitcoin mining in the city . According to him, 90% of miners mine digital gold using “dirty energy” outside the United States.
In May, the luxury boutique condominium Arte Surfside opened the sale of apartments in Miami for Bitcoin and Ethereum.