The Mayor of Miami, Francis Suarez has drawn the attention of the crypto community with his stance towards the flagship cryptocurrency. He called Bitcoin (BTC) a stable investment in the current “volatile year.”
Great insight into how @Bitcoin has been a stable investment during and incredibly unstable year…currently reading Bitcoin Billionaires @tyler. @APompliano any other good reads? https://t.co/nenQ5xmfi7
— Mayor Francis Suarez (@FrancisSuarez) December 24, 2020
In his post, Suarez noted the creator of the Gemini cryptocurrency exchange Tyler Winklevoss and the
Miami is well on the way to becoming the Bitcoin city
— Pomp? (@APompliano) December 24, 2020
Tyler Winklevoss has promised to give Suarez a signed copy of Bitcoin Billionaires.
Amazing. @cameron and I will bring you a signed copy of Bitcoin Billionaires when we have dinner w/ you and @shervin in Miami.
— Tyler Winklevoss (@tyler) December 24, 2020
Suarez is also exploring the possibility of reorienting the Miami administration to the cryptocurrency industry. In his opinion, South Florida should be “at the forefront of legislation” promoting digital assets and supported by innovation.
That is precisely where we ante to be…on the vanguard of legislation that promotes crypto and makes us forward leaning on innovation…will DM her. https://t.co/zoIptOi0N0
— Mayor Francis Suarez (@FrancisSuarez) December 24, 2020
As a reminder, in December,
Bitcoin renews all-time high above $24,500
Meanwhile, Bitcoin has broken the previously unattainable $24,500 mark, setting a new price record. This is the fourth time in December that Bitcoin surged above the absolute maximum price. However, at around 13:19 GMT, the BTC/USD pair was trading at $24,375 on Bitstamp.
Twitter user, yTedd thanked Santa for the breakout of the upper border of the triangle pattern.
Thank you Santa for this breakout ??$BTC pic.twitter.com/7cvAhBQ70u
— yTedd (@TeddyCleps) December 25, 2020
Notable is the 36% rebound in the price of XRP, which fell significantly following the news that the US Securities Exchange Commission (SEC) has filed a lawsuit against Ripple. Also, among the top altcoins, Litecoin, Cardano, and Chainlink stand out.
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