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HomeCryptoCurrencyMiami Mayor bought bitcoin and ethereum amid US $ 1.9 trillion stimulus.

Miami Mayor bought bitcoin and ethereum amid US $ 1.9 trillion stimulus.

The mayor of Miami, Francis Suárez, published a tweet today about his first bitcoin purchase, when the stimulus check was approved in March of this year in the United States.

In His tweet mentions “the moment I bought crypto, take a look at it” and shows the interview on May 7.

In a previous conversation with Decrypt, in February this year, he commented that he still has not he was determined whether he would buy bitcoin, ether or dogecoin. A few weeks later, on March 6, he reported to the same media that he had done so.

“I bought bitcon and ether” said the mayor and confirmed that he did so on the day that the Senate passed the spending bill, thinking cryptocurrencies would go up .

“If the government spends another $ 1.9 trillion on an infrastructure bill, I don’t think people are going to want to stay in dollar-denominated currencies »commented the mayor.

The US rescue plan of USD 1 , 9 billion from President Joe Biden became law on March 12, which means that Mayor Suarez bought bitcoin with a price around 57,000 USD , a price very similar to today.

In the case of ether, it seems that it has done much better, since on March 12, ether was around 1,800 USD. As of today, ether is priced at USD 3,800, which would have generated growth of more than 100% .

Mayor Suárez has recognized the scope of cryptocurrencies and has been a faithful advocate and promoter of bitcoin for several months now. As he established in the interview, the governments of the world will have the same difficulties to regulate Bitcoin that they have had to regulate Uber, because they are too big.

Suárez intends to attract entrepreneurs from the cryptocurrency space to Miami and engage in talks with some of the most recognized, such as the Winkelvoss brothers.

In CriptoNoticias his intention has been communicated for turning Miami into Bitcoin territory. To do this, it has presented proposals to place state funds in bitcoin and accept tax payments with the digital currency.

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Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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