Happy Friday, Blockfolians
Here’s some new hotness for your Friday. You’ve heard of corporate treasuries buying bitcoin (whattup Saylor?). And funds of all stripes - hedge funds, endowments, even insurance companies like MassMutual are getting exposure. But a city?
Miami is set to break new ground as Mayor Francis Suarez discusses putting part of their treasury into bitcoin. Suarez has been on a mission to recruit tech and crypto entrepreneurs to the city, using Twitter as his recruiting grounds.
In the month or so week, Suarez has visited with Pomp and the Winklevoss twins and just yesterday made this appearance on Fox Business:
Just imagine that all of a sudden cities are another source of bitcoin demand. Just, wow.
Enjoying Blockfolio’s Market Refresh? Sign up to have it delivered every day.
Highly Relevant Reading
Alipay conducted a digital yuan test
Galaxy Digital is launching a new bitcoin mining unit
January’s crypto exchange volume has already beaten out December’s record
Mt Gox creditors can claim 90% of bitcoin left in bankruptcy
Lightning Network poised for greatness?
A Really Big Number We Should Be Paying Attention To
That’s the growth in percentage of financial advisors recommending crypto for their client’s portfolios, according to a survey from Bitwise.
When TSLA bitcoin treasury, Elon?