Miami Could Put One Percent of Its Treasury Reserves Into Bitcoin, Mayor Francis Suarez Alleges

Miami Mayor Francis Suarez is open to exploring the idea of converting one percent of the city's treasury reserves into Bitcoin

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Tue, 29/12/2020 - 16:14

Miami Could Put One Percent of Its Treasury Reserves Into Bitcoin, Mayor Francis Suarez Alleges

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Miami Mayor Francis Suarez is "open to exploring" the idea of putting one percent of the city's treasury reserves into Bitcoin, according to his recent tweet.

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Earlier this month, the head of America's seventh-biggest city got behind the concept of cryptocurrency-centric governance.

Suarez has also praised "Bitcoin Billionaires," a hit book penned by "Accidental Billionaires" author Ben Mezrich.

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About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.