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[aryan4]

Miami municipality took action after Tesla bought $ 1.5 billion in bitcoin. Mayor Francis Suarez announced a meeting to buy bitcoin on February 11th. Mayor Suarez shared a tweet after Tesla announced that she bought $ 1.5 billion worth of Bitcoin.
What do you think about such initiatives of the municipalities?

 

[aryan4]

I think we read the first information on this subject 1-2 months ago. It seems that this time the mayor will be more aggressive. Maybe they can set an example for other municipalities if they make a decision in the direction they have determined.

 

[Niftyicon]

I think we read the first information on this subject 1-2 months ago. It seems that this time the mayor will be more aggressive. Maybe they can set an example for other municipalities if they make a decision in the direction they have determined.

It is a bit strange that he delayed in taking the decision, if not they could have bought at a much cheaper price and be excited about the profits accrued by now.

 

[Brain]

All these buying point to the fact that Bitcoin is more accepted by a lot of people and generally, the purchases will help in the rising of btc price and value as well

 

[SirFox]

If they want to start using BTC why not? It will be something beautiful to see in my eyes, just saying.

 

[Crystal]

First when bitcoin's price started to rise , the americans officials were after citizen buying and using bitcoin to tax them and I thought they almost gonna bann bitcoin in America, and now the politicians are buying bitcoin ??
How are called such politicians? Bitches lol
Bitcoin should be forbidden to politicians, most of them are corrupt and they don't need investments.

 

[Brain]

It seems they have taken it a notch higher now as they have become the center for Bitcoin high purchasing now. Good one for them as they make good of Bitcoin trading

 

[fastmoney1]

Already the world of cryptocurrencies and especially bitcoin have covered the different spheres of the financial world and that municipalities and government entities want to have their money in bitcoin is a decision of benefits to the city council.

 

[sagefave]

I think the Mayor should be really careful about investing public funds, if there ever happen to be a very long bearish trend and they accumulate loses it might be a very difficult job to explain that to the public.

 

[fastmoney1]

I think the Mayor should be really careful about investing public funds, if there ever happen to be a very long bearish trend and they accumulate loses it might be a very difficult job to explain that to the public.

The truth is that investing with public funds is very risky, if the mayor took up the challenge, he should be very well advised as to how that investment should be made and how long it will last.

 

[Brain]

I think the Mayor should be really careful about investing public funds, if there ever happen to be a very long bearish trend and they accumulate loses it might be a very difficult job to explain that to the public.

Explaining to the public about a loss of fund isn't easy so the best thing is to apply caution when investing to be sure it is profit that will come out of it than losses

 

[fastmoney1]

Explaining to the public about a loss of fund isn't easy so the best thing is to apply caution when investing to be sure it is profit that will come out of it than losses

I believe that the municipality will invest that money in bitcoin for a short term, knowing the rise in bitcoin, also that these funds cannot be placed for very long terms because they are public and managed r

 

[Brain]

I believe that the municipality will invest that money in bitcoin for a short term, knowing the rise in bitcoin, also that these funds cannot be placed for very long terms because they are public and managed r

Okay then i hope he understands that and go for a way that will not bring loses. It good any way that he is investing in bitcoin

 

[fastmoney1]

Okay then i hope he understands that and go for a way that will not bring loses. It good any way that he is investing in bitcoin

As the press release says, the municipality is taking the measures to make investments in bitcoin, so they have studied the decision they are going to make very well.

 

[Brain]

As the press release says, the municipality is taking the measures to make investments in bitcoin, so they have studied the decision they are going to make very well.

Very well I'm sure they are not taking any or this decision without proper research so I'm sure they have seen it yielding profit before they invested

 

[fastmoney1]

Very well I'm sure they are not taking any or this decision without proper research so I'm sure they have seen it yielding profit before they invested

The mayor of the municipality of Miami has said that measures have been taken to make that investment in bitcoin, hopefully it is true that they did a study of all possible variables.

 

[Irfan Aslam]

The field of digital currencies and particularly of Bitcoin has already covered the numerous areas of the financial world. It is a matter of advantages for city councils that local authorities and governmental agencies choose to have their money in bitcoin.

 

[aryan4]

Very well I'm sure they are not taking any or this decision without proper research so I'm sure they have seen it yielding profit before they invested

I think this issue has been on the agenda of the municipality for a while. They probably made this decision by doing the necessary research, but let's see what will happen in the implementation of the decision.

 

[fastmoney1]

The field of digital currencies and particularly of Bitcoin has already covered the numerous areas of the financial world. It is a matter of advantages for city councils that local authorities and governmental agencies choose to have their money in bitcoin.

Regarding bitcoin, due to its great boom in different markets, government entities have also chosen to make their investments with this cryptocurrency to protect their assets.

 

[Brain]

I think this issue has been on the agenda of the municipality for a while. They probably made this decision by doing the necessary research, but let's see what will happen in the implementation of the decision.

A lot of people takes a major decision from doing a whole lot of research. When releasing money into a thing is involved it is pertinent to have proper analysis