Miami Mayor Francisco Suarez says he’s open to exploring whether the city would benefit from allocating a part of its treasury reserves into Bitcoin.
Suarez offered a straightforward response to a suggestion from Anthony Pompliano on Twitter, who urged his 429,800 followers to tell the Mayor he should move 1% of Miami’s reserves to BTC.
[adinserter block="1"]“Definitely open to exploring it.”
When asked whether Miami is also considering the possibility of accepting Bitcoin as a means for citizens to settle their bills with the city, the mayor said it is part of their plans for next year.
“We are definitely going to be working on that in 2021.”
Previously, Suarez noted that in an effort to facilitate Miami’s crypto legislation, he is open to consulting with Caitlin Long, a Wall Street veteran and Bitcoin advocate who was appointed to lead the Wyoming blockchain committee.
“That is precisely where we ante to be… on the vanguard of legislation that promotes crypto and makes us forward leaning on innovation… will DM her.”
In another tweet where he tagged Anthony Pompliano, Suarez said he’s also open to the idea of applying crypto-based concepts in the areas of voting, capital raising, and tokenizing the upside of the city.
“Absolutely exploring that.”
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