Unchained Unconfirmed: Why Miami Mayor Francis Suarez Calls Crypto 'the Wave of the Future' - Ep.223
Mar 26, 2021
Miami Mayor Francis Suarez is on a mission to turn his city into the crypto capital of the world. He discusses the proactive measures being taken, including allowing residents to pay fees in Bitcoin and exploring employee compensation in crypto. Suarez believes future governments will operate on cryptocurrencies rather than fiat currency. He also candidly addresses how Miami plans to navigate the challenges posed by recent crypto controversies, while balancing this with urgent climate change initiatives. The future looks bright for Miami's crypto ambitions!
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Miami's Crypto Ambitions
- Miami's bid to become the crypto capital of the world involves adopting crypto-friendly laws.
- The city aims to allow Bitcoin payments for employees and residents, and explore investments in Bitcoin.
Suarez's Crypto Interest
- Mayor Suarez's interest in crypto stems from his background in finance and involvement with blockchain initiatives.
- He sees crypto as a response to government overspending and manipulation.
Crypto and Government Spending
- Suarez believes crypto could eliminate deficit spending by tethering governments to crypto.
- This would force governments to borrow responsibly, like individuals.