Miami Mayor calls Bitcoin a ‘fixed investment’ during a volatile year

Miami Mayor Francis Suarez is the latest high-profile figure to feature Bitcoin (BTC), offering more evidence that mainstream adoption is growing.

In a tweet on Thursday, Suarez of the name Bitcoin “fixed investment” during “an incredibly volatile year,” adding that he learns about the leading digital asset through figures like Tyler Winklevoss and Anthony Pompliano.

Winklevoss and Pompliano responded to Suarez’s tweet. Tyler said he and his brother Cameron will bring the mayor of Miami “a signed copy of Bitcoin Billionaires,” a book written about the twins, while Pompliano touched on Miami as the future city of Bitcoin.

Earlier in the day, Suarez noted that his administration was exploring the idea of ​​Miami becoming the first crypto-centric government in the country. “Explore that completely,” he said in response to a tweet. No further details were provided.

Suarez was elected mayor of Miami in November 2017 after running as a nonpartisan candidate. Prior to entering politics, he worked as an attorney and also founded a title real estate title company.

Miami has been described by some news outlets as one of America’s hottest cities for cryptocurrencies due to lax state oversight and an influx of foreign capital. The North American Bitcoin Conference, which featured names like Charles Hoskinson, Roger Ver and Riccardo Sagni, was held in Miami at the beginning of the year.

This year’s Bitcoin explosive rally, driven in part by corporate and institutional adoption, is sparking new conversations about digital assets. The adoption of Bitcoin is increasingly viewed as a competitive advantage in an economy with financial instability, asset price inflation and a record-breaking central bank intervention.