Miami Mayor Opening Bitcoin 2021: The Days of a Currency Tethered to a Central Bank Coming to End

Miami Mayor Opening Bitcoin 2021: The Days of a Currency Tethered to a Central Bank Coming to End

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June 4, 2021 by J.D. Smith
23
Bitcoin 2021, the biggest BTC-oriented conference so far, is taking place in Miami right now. Opening the event was, somewhat expectedly, the mayor of the city – Francis Suarez. Francis Suarez at Bitcoin 2021. Source: CryptoPotato Mayor Suarez spoke highly of Bitcoin and the entire movement of cryptocurrencies. He even compared them to what Miami

Bitcoin 2021, the biggest BTC-oriented conference so far, is taking place in Miami right now.

Opening the event was, somewhat expectedly, the mayor of the city – Francis Suarez.

photo_2021-06-04_16-42-11
Francis Suarez at Bitcoin 2021. Source: CryptoPotato
  • Mayor Suarez spoke highly of Bitcoin and the entire movement of cryptocurrencies. He even compared them to what Miami is trying to achieve in becoming a technology hub.
  • He said that many believe the current inflow of people to the city is mainly due to COVID and that once the pandemic is true, they’ll “go back home.”
  • To this, he compared Bitcoin and all the people who are saying that it will fail and that it’s an unsuccessful financial experiment.
  • He urged people to stop paying attention to the current volatility, reminding everyone that bitcoin’s price is well in the green since the beginning of the year.
  • Suarez also said that the clash between Proof of Work and Proof of Stake will ultimately come to an end, while also asserting that the US will be a powerhouse when it comes to renewable energy bitcoin mining.
  • Ultimately, the mayor also said that the “days of a currency tethered to a central bank are coming to an end.”
  • Closing his speech, Francis Suarez reminded everyone that it’s now time to buy the dip.
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