Miami’s Mayor Considers Putting Some of City’s Treasury Reserves in Bitcoin

Miami’s Mayor Considers Putting Some of City’s Treasury Reserves in Bitcoin

Miami Mayor Francis Suarez is exploring putting a percentage of his city’s treasury reserves in bitcoin. Miami is currently working on accepting the cryptocurrency as a means of payment for city services and taxes. The mayor believes that “Bitcoin has been a stable investment during an incredibly unstable year.” Miami Could Invest Some of City’s Treasury Reserves in Bitcoin Francis Suarez, the mayor of the U.S. city of Miami, Florida, has been discussing with the crypto community about putting a small percentage of the city’s treasury reserves in bitcoin. The....

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A “boss move,” said the city’s CIO, that makes Mayor Suarez the first known U.S. politician to get 100% of a paycheck in BTC.