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.
“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.”
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inboxFollow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Sean Pavone
