Cryptocurrencies promise to be not only the new payment modality of many market transactions, but also one of the best ways to protect economic assets.
But as this is still something new, experts recommend making a long-term investment, says Michael Saylor, founder of MicroStrategy. “If you have that macroeconomic vision, along with the technological vision and a decade-long interval of time, then it’s not so risky. It becomes dangerous if you trade bitcoin in a short-term period, such as a month”
So, these are not the last steps forward that Miami has taken in this regard, the race to be the largest center of cryptocurrencies in the United States is becoming stronger, and Miami is emerging as the favorite.
In an Interview Conducted On November 11, 2021. Mayor Francis Suarez “We will be the first city in the United States to give Bitcoin profits as a dividend directly to its residents”.
The purchase of a 4 bedroom two and a half bathroom property was held in Tampa Bay at an online auction on February 10. This happened because both the buyer and the seller were holders of cryptocurrencies.
Which is an example for many other cities. In addition, the city of Miami is expected to earn millions of dollars thanks to the popularity it is reaching.
Blockchain.com’s CEO said “The Internet will be the world’s largest economy by 2030, and cryptocurrencies are the financial system created to support it. The city of Miami recognizes the potential of the industry and we hope to contribute to Miami’s rich innovation ecosystem “.
Miami wants to become crypto’s financial capital. Mayor Suarez said. “We need for people to understand that … yes, we want you to hold bitcoin but we also want to increase the utility of bitcoin.”
Miami promises to be one of the main capitals where cryptocurrencies can become an economic medium for conducting economic transactions. From their leaders to their citizens they are focused on investment with the confidence that in the not too distant future they will see the multiplication of their assets.
Cryptocurrencies are a safe investment for many and a very insecure one for others who do not yet have much confidence in cryptocurrencies to look forward to a short-term gain.
But, something common that experts do not stop stating, is that investing is cryptocurrencies is a smart action.
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