Miami mayor bought Bitcoin after Congress passed $1.9T stimulus bill

Miami mayor bought Bitcoin after Congress passed $1.9T stimulus bill


Francis Suarez, the crypto-friendly mayor of the city of Miami, may have further cemented his status as a cryptocurrency proponent.

Appearing on the CNBC Squawk Box program, Suarez revealed that he owns both Bitcoin (BTC) and Ether (ETH).

“I own #bitcoin and I own #ethereum,” says @FrancisSuarez. “I haven’t bought the dip yet but I’m planning to. I’ve just been too busy.” pic.twitter.com/xdKpghIRR5

— Squawk Box (@SquawkCNBC) June 3, 2021

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According to Suarez, he bought BTC and ETH immediately after the United States Senate passed the $1.9-trillion stimulus bill for further COVID-19 relief back in early March.

For Suarez, the passage of the bill made inflation an inevitability, stating, “I knew at that point that inflation was inevitable and that there had to be some sort of a hedge.”

Massive government spending to spur economic recovery continues to stoke inflation and monetary debasement fears further lending credence to Bitcoin’s viability as a hedge asset.

At the time of stimulus bill passage, Bitcoin rocketed past $54,000 on

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