Bitcoin Enthusiast Miami Mayor Wants to Add the Digital Asset to City’s Balance Sheet

Bitcoin Enthusiast Miami Mayor Wants to Add the Digital Asset to City’s Balance Sheet

Miami Mayor Francis Suarez is working on a resolution seeking to put Bitcoin to the city’s balance sheet, according to Bloomberg. In a Twitter comment, Suarez said the matter would be addressed at a city commission meeting on Thursday.

  • Suarez’s suggestion comes after Tesla Inc. announced it had invested $1.5 billion in Bitcoin
  • The Miami Mayor has been vocal about how the city should allow particular types of Bitcoin transactions and invest in the cryptocurrency. 

Bitcoin is currently declining. BTCUSD is down 1.44%

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