Tag: miami bitcoin

Miami not ditching its crypto despite record-low price, Mayor says

Post author By
Post date February 22, 2022

MiamiCoin remains in its 'initial inning': Mayor Suarez

Miami Mayor Francis Suarez talks about the city's cryptocurrency cutting-edge as well as profits success regardless of its record-low stock price.

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MAYOR FRANCIS SUAREZ: It's been a success from the viewpoint of what it's done for the city, right? It's created $20 million in revenue for the city because a percent of the mining benefit is separated right into a digital wallet for the city; that's $5 million that we have actually made use of for rent stabilization funds, we're seeing as a result of rising cost of living, rental fees increasing across the country. And also the other $15 million, we're doing something extremely innovative …

Certainly the price is down significantly. I've never ever stressed over the price, neither bitcoin nor MiamiCoin. I assume what Mark Cuban claimed is in fact extremely exact. This remains in the very first inning, all of these innovations. And also what's truly important is, firstly, the liquidity rate, being able to get in and also out of it due to the fact that the utility is basically what is going to be important as to whether or not any one of these technologies make it through in the future. Are they extremely useful? Do they offer individuals the ability to trade these currencies for goods in a selection of different nations? Do they allow for compensations? Do they separate tyrannical programs since they do not manage the currency? I mean, there's a lot of great usage situations. And it continues to be to be seen whether they will certainly all be utilized.

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Kitco News

This is the one crypto to leave as an inheritance – Roc Zacharias

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Post date December 22, 2021

Roc Zacharias, CEO of Lunar Digital Assets, talks about with David Lin, support for Kitco Information the best cryptocurrency to keep as a store of value.

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Adhere To Roc Zaharias on Twitter: @CryptoRocky ()

0:00 – Ideal crypto for store of worth
9:20 – Crypto laying
15:00 – Esports as well as crypto
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Kitco News

Bitcoin price to soar to $160k as FOMO drives EM adoption, Musk’s influence wanes – Alex Mashinsky

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Post date June 15, 2021

This is component 1 of 2 of the full meeting.

Alex Mashinsky, Chief Executive Officer of Celsius Network, is updating his Bitcoin cost target.

" We may reach completely to $160,000 this year. I'm adhering to that prediction," Mashinsky informed Michelle Makori, editor-in-chief of Kitco News ()

El Salvador made history by being the initial country worldwide to embrace Bitcoin as legal tender, as well as other countries are bound to comply with, Mashinsky claimed.

" So if we can get a Brazil, if we can obtain a Nigeria, if we can obtain nations with big populaces to approve this as lawful tender … you're visiting a significant surge in the price because just the adoption of all those customers is mosting likely to produce significant new need," he claimed.

Follow Michelle Makori on Twitter @MichelleMakori ().

0:00 – Bitcoin as legal tender 3:42 – Bitcoin: property or cryptocurrency?
9:02 – Bitcoin rate growth
19:00 – Elon Musk's Bitcoin concerns
25:00 – Renewable resource
26:30 – Elizabeth Warren vs. Bitcoin
33:47 – Bitcoin ransomware
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Kitco News

Bitcoin to become legal tender in El Salvador; Trump calls BTC a ‘scam’ – Frank Holmes comments

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Post date June 8, 2021

El Salvador Head of state Nayib Bukele revealed at the Bitcoin 2021 Seminar in Miami that the nation is in the process of embracing Bitcoin as lawful tender.

Bukele Tweeted that "If 1% of [Bitcoin] is purchased El Salvador, that would certainly raise our GDP by 25%.

On the other side, #Bitcoin will have 10 million prospective brand-new users as well as the fastest expanding means to transfer 6 billion bucks a year in remittances."

Frank Holmes, Chief Executive Officer of UNITED STATE Global Investors and executive chairman of HIVE Blockchain Technologies, claimed that the main problem would certainly be the illicit activities being financed by Bitcoin under such a program.

" I assume conceptually, if you're an optimist, it appears great. The concerns we constantly have risks with, is a leader such as this in El Salvador, is that it's going to end up being a domicile for wicked activity," Holmes told David Lin, support for Kitco news.

0:00 – Miami Bitcoin meeting
1:04 – "Bitcoin is a scam" – Donald Trump
2:55 – El Salvador legalizing Bitcoin
6:14 – G7 is a "cartel" – tax obligation walkings for companies
9:52 – Green energy crypto coins
13:45 – Bitcoin, Ethereum cost volatility
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Kitco Information is the globe's # 1 source of metals market info. Our videos include meetings with prominent sector numbers to bring you market-affecting understandings, with the objective helpful people make educated investment choices.

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Fox News

Miami mayor embraces bitcoin, proposes paying city workers in cryptocurrency

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Post date March 18, 2021

Miami Mayor Francis Suarez and Bitcoin Foundation Chairman Brock Pierce go over initiatives to make cryptocurrency mainstream in U.S. cities. #FOXBusiness

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