Miami Mayor Francis Suarez said that many investors consider bitcoin only a source of profit, but it can be called the basis for the development of new technologies and the digital economy.
At The Future of Crypto conference at the World Economic Forum (WEF) in Davos, Francis Suarez expressed his views on the cryptocurrency industry. He said that bitcoin can be not only an asset for investment and profit, but also a foundation for innovation.
The mayor also touched on the high volatility of the cryptocurrency market, considering it a natural phenomenon for a growing ecosystem. Bitcoin will be stable when BTC is no longer considered an asset class and will be categorized as a currency, Suarez suggested. When asked why he supports bitcoin, the politician replied,
Who can we trust today? Bankers, politicians or regulators? It is bitcoin that stands out among them. Even though bitcoin was invented by man, it functions through a set of codes that cannot be influenced.