Bitcoin is a ’stable investment‘ during an unstable year

Miami mayor: Bitcoin is a ’stable investment‘ during an unstable year

Apparently Francis Suarez, mayor of Miami, is studying Bitcoin following the lead of Anthony Pompliano and the Winklevoss twins

Francis Suarez, mayor of Miami, is by Bitcoin Billionaire the latest prominent figure to show interest in Bitcoin (BTC), offering further evidence of growing mainstream adoption.

In a tweet posted on Thursday, Suarez described Bitcoin as a „stable investment“ during an „incredibly unstable year,“ adding that he is studying the leading digital asset with the help of well-known names like Tyler Winklevoss and Anthony Pompliano:

„A great explanation of how @Bitcoin has been a stable investment during an incredibly unstable year… I’m reading Bitcoin Billionaires @tyler. @APompliano any other reading to recommend?“

Great insight into how @Bitcoin has been a stable investment during and incredibly unstable year…currently reading Bitcoin Billionaires @tyler. @APompliano any other good reads? https://t.co/nenQ5xmfi7
– Mayor Francis Suarez (@FrancisSuarez) December 24, 2020

Winklevoss and Pompliano responded to Suarez’s tweet

Tyler said he, along with his brother Cameron, will bring the Miami mayor a „signed copy of Bitcoin Billionaires,“ a book about the twins, while Pompliano called Miami a future Bitcoin city:

„Miami is well on the way to becoming a Bitcoin city.“

Miami is well on the way to becoming the Bitcoin city
– Pomp (@APompliano) December 24, 2020

A few hours earlier, Suarez indicated that his administration is exploring the idea of making Miami the first crypto-focused government in the United States. „We are absolutely exploring the idea,“ he explained in response to a tweet. The mayor provided no further details.

Absolutely exploring that @APompliano @GrapefruitTrade https://t.co/mbpbSMkfEI
– Mayor Francis Suarez (@FrancisSuarez) December 24, 2020

Suarez was elected mayor of Miami in November 2017, after campaigning as a nonpartisan candidate. Before entering politics, he worked as a lawyer and founded a real estate company.

Some news outlets have described Miami as one of the best US cities for cryptocurrency, thanks to permissive state oversight and an influx of foreign capital. Earlier this year, the North American Bitcoin Conference, attended by figures such as Charles Hoskinson, Roger Ver and Riccardo Sagni, was held in Miami.

Bitcoin’s explosive rise this year, due in part to corporate and institutional adoption, is sparking new conversations about digital assets. Bitcoin adoption is increasingly seen as a competitive advantage in an economy characterised by financial instability, asset price inflation and record-breaking central bank intervention.