Francis Suarez, an American attorney and Mayor of Miami, revealed yesterday that he is holding Bitcoin and Ethereum. Suarez mentioned that he purchased BTC and ETH on the day the US Senate passed the $1.9 trillion stimulus bill.
During an interview with CNBC, the Mayor of Miami added that he is planning to expand his cryptocurrency portfolio during the latest dip. In view of the latest events in the crypto market, Suarez termed Bitcoin as a ‘young asset’ and expressed fear about the possibility of manipulation in Bitcoin and other digital currencies.
“When I tweeted about what we are doing in Miami about Bitcoin, it was the most viewed video that I ever put out. The video received about seven 7 million views. It shows that the interest in crypto is incredible. I own Bitcoin, and I own Ethereum. I bought Bitcoin at a price above $30,000 and I purchased Ethereum at around $1,500. I bought it the day that the US Senate passed the $1.9 trillion Senate bill, and I knew at that point that inflation is inevitable,” Suarez told CNBC.
In January 2021, Miami Mayor announced a plan to invest in the world’s largest cryptocurrency. During an interview with Fox Business, Suarez mentioned that the city is creating regulations to facilitate crypto businesses in the region.
Suarez remained vocal about Bitcoin and other cryptocurrency assets over the last few months. In March 2021, the Miami Mayor said that countries around the world are mining Bitcoin with dirty energy. He added that the US can provide clean energy for BTC mining. “We have the ability to supply clean energy to Bitcoin mining centers and data centers. It would be to benefit the crypto community if we did more mining in the US because we produce clean energy so it would change that narrative and that dynamic and also in the future you will see solar and other kinds of clean technology,” Suarez said during an interview with Laura Shin in March.