Crypto Events

Story: Miami Mayor Francis Suarez Calls Bitcoin Hedge Bought BTC at 30s and ETH at 1500

By Dan Saada

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When CNBC asked: There has not been a moment in the last decade, since the advent of Bitcoin where it hasn’t been volatile and so what do you think has to happen for that to…

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Mayor Francis Suarez:  It is up to them.  It is a choice that they would have. They would have a choice to do it or not do it. 

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I think the Bitcoin, the last time I checked was up for the year in a significant amount. So, the volatility is certainly there – it was in the $60,000 and now in the $39,000…

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Obviously, it is a trillion dollar plus market cap, lot of transaction in trading volume.  I am an Elon Musk fan.

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There is volatility in everything. There is volatility in mortgage.  There is volatility in dollars, but not that kind of volatility.

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When CNBC asked: How concerned are you about that manipulation? We have been talking all morning about Ransom ware.

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Mayor Francis Suarez:  It did and I think that is an asset that is very young. As we said does not have stable trading yet.

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As I said, when I put out that tweet about what we are doing in the city it was literally the most viewed video that I have ever put out.

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I put it out at 10:30 on Thursday and I think it hit 7 million views. It also indicates to me that there are customers and a number of people that are interested in crypto.

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I have actually heard reports over the last couple of days, up to 100 and 152 million people are holding.

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Mayor Francis Suarez:  I do want Bitcoin and I want Ethereum.  I bought BTC in the high 30s and I bought Ethereum at about 1500.

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