Mayor of Miami Francis Suarez believes Bitcoin should be mined predominantly in the United States, specifically in his city.
In a new Unchained Podcast interview with Laura Shin, Suarez argues that turning the second most populous city in Florida into a Bitcoin mining hub would serve the national security interests of the US.
“A part of the problem with Bitcoin mining is 90% of it is not done in the United States. 90% of it is done in countries that have dirty energy. So that’s the reason why it’s considered to be a dirty activity. We would love to be a mining hub for A), national security reasons. We don’t think 90% of mining should be outside of the U.S.”
The Miami mayor adds that his city has an inexhaustible supply of clean energy that can power Bitcoin mining pools for a long time.
“And B) we get nuclear power, so we have clean energy. A clean energy supply that’s essentially unlimited. And so we have the ability to supply mining centers and data centers in perpetuity with clean energy. So it actually would be to the benefit of the crypto community if we did more mining in the US because we by and large produce clean energy. So it would change that narrative and that dynamic.”
Suarez reveals that besides allowing local government transactions in Miami to be done using Bitcoin, the city is also considering investing in the flagship crypto asset.
“As a city, we implemented a resolution that would allow our employees to get paid in Bitcoin, that would allow our residents to pay for fees in Bitcoin and that would allow the city or at least explore the possibility of the city investing in Bitcoin.”
I
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow 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
