Miami Mayor Francis Suarez has been busy adding a personalized touch through the quest to bring generational merchants to Miami. Struggling to blend New York’s monetary elements and San Francisco’s technological character into an oasis of finance and generation in South Florida, the mayor brings another political and innovation attitude. One of the many scary spaces for this vision is bitcoin – what he thinks, in an interview with Forbes, will be the “biggest story of the next few years. “
The mayor admits that he has been fascinated by the concept of bitcoin, likes its mathematical nature and is aware of the growing popularity of bitcoin among Americans. The city takes 3 tangible paths to expand its bitcoin-friendly nature:
Although in precise percentage or in absolute terms, the mayor has received a precise figure of the amount of investment that he needs to invest, nevertheless, he knows that he needs to design it in a partnership of public-personal components where the personal components can take part of the praise to defray. the threat on the public side.
A hypothetical example with arbitrary figures: the city would invest about $250,000 in public budget in a fund that would be supplemented by $750,000 in personal bitcoins from 3 primary investors. Private investors would get the first budget to secure their return, while the city would gain advantages from all that remains.
The use of the city’s investment powers creates great potential, but also risks. For example, the Miami Treasury, as the mayor recalls, does not include products and is usually content with money and money equivalents. This makes your goal in this area strong. of interest to what bitcoin ownership can do for the city of Miami.
It also helps to monitor the ecosystem and the occasions of Bitcoin, having spoken on a Bitcoin occasion a few years ago, and will bring the 2021 Bitcoin convention to Miami.
Finally, the mayor plans to fund his bitcoin re-election crusade, joining a small variety of politicians who have raised a budget in bitcoin. Combined with its presence on social media, efforts can pay off and help solidify your tech-expert personality. , as well as the money for your next re-election.
Beyond efforts only for his city, Mayor Francis is also learning from other states and jurisdictions, and is striving to bring Wyoming-style legislation on bitcoin to Florida, after contacting Caitlin Long of Wyoming Fame and talking to Florida CHIEF Jimmy. submit an invoice to the state legislature that would bring wyoming-style bitcoin regulation to Florida.
The mayor concluded the interview by saying that many other people “underestimated this story” (the history of bitcoin) and it turns out that with those actions, he won’t be one of them. The mayor of Miami combines his reception of innovators with a preference to bring bitcoin to the stage.
I was one of the first writers in 2014 to write about the intersection of cryptocurrencies in cash transfers and drug policy with VentureBeat and TechCrunch.
I was one of the first writers in 2014 to write about the intersection of cryptocurrencies in remittance and drug policies with VentureBeat and TechCrunch. Since then, I have been a HODLer of Ethereum and Bitcoin, and I have created several mini-projects with them for fun. I would like to be as informed as possible about our long decentralized term while sharing this wisdom with you.