"I want us to differentiate ourselves as the crypto capital of the United States or the world," he said without hiding his ambitions. In February of this year, Suarez also made a proposal for the city to be able to invest in bitcoin, but the limitations of Florida's statutes do not allow local governments to hold such volatile assets.
“If we had been able to keep it from the moment I put the resolution on the agenda, it would have increased by 30 or 40 percent, so I would have seemed like a genius then, ”Suarez explained,“ but that's how it works. ”
< Suarez has however found a way around Florida's current limitations thanks to Miami Coin, the city's first bitcoin-based crypto asset, whose funds generated by mining the token would be used for the city's development. Within two months of its launch, the Miami coin has already added $ 10 million to the city's funds.