Francis Suarez, an American attorney and Mayor of Miami, yesterday revealed that he is holding Bitcoin and Ethereum. Suarez mentioned that he purchased BTC and ETH on the day the US Senate passed the $1.9 trillion stimulus bill. In an interview with CNBC, the Mayor of Miami added that he is planning to expand his cryptocurrency portfolio during the latest dip. Suarez termed Bitcoin as a ‘young asset’ and expressed fear about the possibility of manipulation in Bitcoin and other cryptocurrencies.
“I own Bitcoin and I own Ethereum.”
Miami mayor said, “When I tweeted about what we are doing in Miami about Bitcoin, it was the most viewed video that I ever put out. The video received about seven 7 million views. It shows that the interest in crypto is incredible. I own Bitcoin and I own Ethereum. I bought Bitcoin at a price above $30,000, and I purchased Ethereum at around $1,500. I bought it the day that the US Senate passed the $1.9 trillion Senate bill, and I knew at that point that inflation is inevitable.”
“We can supply clean energy to Bitcoin mining.”
Suarez has remained vocal about Bitcoin and other cryptocurrency assets during the last few months. Earlier this year, Miami Mayor said that countries around the world are mining Bitcoin with dirty energy. He also added that the US could provide clean energy for BTC mining. “We have the ability to supply clean energy to Bitcoin mining centers and data centers. It would be to benefit the crypto community if we did more mining in the US because we produce clean energy, he said during the interview. Cryptocurrencies, especially bitcoin, have been getting a lot of flak for the mining process as it consumes massive energy.