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The irresistible charm of Bitcoin! Even the Mayor of Miami praises it as a "stable asset in a turbulent financial environment."

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The irresistible charm of Bitcoin! Even the Mayor of Miami praises it as a "stable asset in a turbulent financial environment."

Miami Mayor praised Bitcoin as a "stable asset in turbulent financial environments" in a post yesterday, and stated that he is exploring the idea of developing the seventh-largest city in the United States as a hub for cryptocurrency innovation.

Miami Mayor Praises

Miami Mayor Francis Suarez retweeted a tweet from Shervin Pishevar, an early investor in Uber and Airbnb, yesterday (24th) on Twitter:

"The book 'Bitcoin Billionaires' allowed me to deeply understand how Bitcoin became a stable investment in an extremely unstable year."

In the tweet, Miami Mayor Suarez also sought advice from two well-known Bitcoin investors, Tyler Winklevoss and Anthony Pompliano, on other recommended ways to understand Bitcoin. Both responded to his tweet. Tyler Winklevoss mentioned that he and his brother Cameron Winklevoss would invite him to dinner with Shervin Pishevar, while Anthony Pompliano referred to Miami as the future "Bitcoin City."

In addition to recognizing Bitcoin as a valuable asset class, Francis Suarez has stated on Twitter that he will fully explore the feasibility of promoting the adoption of blockchain technology by the local government of Miami, such as on-chain voting, asset tokenization, and crowdfunding, making Miami the first municipal government in the country centered around cryptocurrency.

Francis Suarez has recently focused on attracting tech startups, seemingly aiming to attract Silicon Valley startups to Miami, with a focus on cryptocurrency as one of his strategies.

Bitcoin Gains Widespread Adoption

Some may not be familiar with Shervin Pishevar, mentioned by Miami Mayor. According to previous reports, Shervin Pishevar is a well-known venture capitalist in traditional markets, having invested in familiar large companies such as Uber, Airbnb, Didi Chuxing, Robinhood, Slack, and SpaceX. His association with Bitcoin came after he posted on the afternoon of December 17th, stating that after listening to Michael Saylor's sermon, he believed that the price of Bitcoin would eventually reach $100,000.

"I met with Michael Saylor tonight in Miami, and he convinced me to believe that the price of Bitcoin will eventually reach $100,000. Just as he did with MicroStrategy's company reserves, all future asset reserves will be linked to Bitcoin. Michael Saylor is one of the smartest people I know, and I listened very carefully to his insights."

The explosive rebound of Bitcoin this year is largely due to the adoption by corporations and traditional institutional investors, allowing Bitcoin to break out of its echo chamber and gain more widespread adoption. With increased financial uncertainty, asset price inflation, and record interventions by central banks, Bitcoin is increasingly recognized by many as an effective risk hedge asset.