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Mayor of Maimi Calls Bitcoin a Stable Investment in 2020

December 25, 2020 at 13:26 by Mark Stevenson

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.”

In his post, Suarez noted the creator of the Gemini cryptocurrency exchange Tyler Winklevoss and the co-founder of Morgan Creek Digital Anthony Pompliano. The latter said that Miami “is on track to become a Bitcoin city.”

Tyler Winklevoss has promised to give Suarez a signed copy of Bitcoin Billionaires.

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.

As a reminder, in December, ex-congressman and presidential candidate Ron Paul called for the legal status of Bitcoin.

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.

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.

If you have any questions and comments on Bitcoin today, use the form below to reply.

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