Do they need a Bitcoin crypto bear? Where is the market headed?ĮMILY PARKER: Good question. So we just saw the price of Bitcoin 43,600 at the moment, down from that high of 67,000, I believe it was, back in November. In El Salvador we see that, we've seen that even in cities in Brazil, so yeah, I think it's just, kind of, more of a stance than anything else, is my impression. And that's something that we're seeing spreading all over the world. We want to attract investment, we want to attract innovation. You know, Miami saying, like, we are a crypto hub. You know, Miami is doing a lot in the crypto space, but, you know, again, for me, the largest thing here is, again, the symbolism. Have we seen any updates from the mayor on those efforts?ĮMILY PARKER: Yeah, I think- I- my impression is that there have been mixed results. We know that Miami also had major intention to not only be the first US major city to engage with cryptocurrency and welcome it with open arms, but to also use it as a mechanism that would be distributed back out to some of the residents within that city. So yeah, I mean, as a New Yorker, this is a little bit of a competition here, I think. Venture capital in crypto companies, Miami based crypto companies, surge between 20 according to the New York Times, but still lags far behind New York and San Francisco. They have been successful to some degree. Miami has been trying to attract investment, crypto investment, to attract entrepreneurs. So yeah, I mean, it's more of the same, but I mean, there's definitely a lot of symbolism here. And I guess this is Miami's way of saying like, OK, this is a crypto bull. This bull is modeled after the charging bull, the Wall Street charging bull in New York. One of the notable things that just came up in Miami, is that they have a statue of a Bitcoin bull, which just seems, kind of, like, very, very on brand.
Mayor Suarez has really established himself as a very, very prominent Bitcoin booster.
EMILY PARKER: So Miami, for a long time now, has been saying that they want to be the global center of crypto.
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