{"id":183325,"date":"2021-03-01T18:09:29","date_gmt":"2021-03-01T18:09:29","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=183325"},"modified":"2022-01-20T19:55:25","modified_gmt":"2022-01-20T19:55:25","slug":"miami-mayor-responds-to-yellen-saying-bitcoin-is-worth-studying","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/miami-mayor-responds-to-yellen-saying-bitcoin-is-worth-studying\/","title":{"rendered":"Miami Mayor responds to Yellen saying Bitcoin is worth studying"},"content":{"rendered":"

Miami Mayor Francis Suarez addressed<\/a> Treasury Secretary Yellen's recent Bitcoin snub, saying he isn't surprised she is hostile towards the leading cryptocurrency.<\/p>\n

Expanding further, he said Bitcoin's separation from the state is why investors flock to it in the first place. And when asked about his apparent tolerance for high-risk, Suarez replied by saying all investments are risky.<\/p>\n

“It doesn't surprise me at all the Treasury Secretary would find a decentralized potential currency to be hostile to a currency they control.<\/p>\n

For people who invest in Bitcoin, the lure is precisely that it's not backed by a central government. So it's not manipulatable by the central government.”<\/p><\/blockquote>\n

Recently, Suarez has pushed for Miami to gain more exposure to Bitcoin. The city will conduct a study into the practicality of using it to pay workers and collect taxes. This, Suarez said, is “something worth studying.”<\/p>\n

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Mayor @FrancisSuarez<\/a>, who wants Miami to embrace bitcoin, pushes back on Yellen calling it \u201cextremely inefficient\u201d:<\/p>\n

\u201cIt doesn't surprise me at all that a Treasury secretary would find a decentralized potential currency to be hostile to a currency that they control.\u201d #AxiosOnHBO<\/a> pic.twitter.com\/jWIAAR0Css<\/a><\/p>\n

— Axios (@axios) February 28, 2021<\/a><\/p><\/blockquote>\n