Miami mayor Francis Suarez holds Bitcoin and Ethereum, he revealed during an interview with business outlet CNBC today.
“I own Bitcoin and I own Ethereum,” Suarez said. He added, “I haven’t bought the dip yet but I’m planning to. I’ve just been too busy.”
“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
The mayor, in the interview, revealed he had purchased Bitcoin in the “high 30s” and Ethereum when it hovered around $1,500. This means both his investments are in profit (and were over 100% and 300% in profit respectively at their peak).
Suarez said he bought both the cryptocurrencies when the United States Senate passed the $1.9-trillion stimulus bill in March. “I knew at that point that inflation was inevitable and that there had to be some sort of a hedge,” he said in this regard.
Inflation leading to cryp
