Francois Suarez, The mayor of You love Me, is not a new name for the world of cryptocurrency enthusiasts. He has already expressed himself on several occasions in favor of Bitcoin and also organized a token for the city he rules.
The news we give today, however, is much more important to the world of crypto-monnaies and especially for $ BTC, which could become a valid currency for pay employees public Et even taxes.
News, too, haussier because he talks about unstoppable adoption. And today's patch to Bitcoin this can be a good investment opportunity. We can invest in $ BTC with the EToro crypto platform (go here to open a free virtual account with unlimited features), intermediate with the 1: 1 one-click copy system - the CopyTrader - useful as an alternative to automatic trading.
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Miami demands the ability to pay its employees in Bitcoin
This is the heart of the proposal made by the mayor Francois Suarez - that our readers will already know for various initiatives related to the world of crypto-currencies. Currency of choice, for now it would appear to be Bitcoin, without any other coins or tokens being allowed at this time.
The request comes after denial the possibility for the city funds to invest in Bitcoin, given that the statutes governing the important city of Florida do not allow local credit unions to hold such volatile assets. On the issue of investments, he spoke in rather regrettable tones Mayor, which to the microphones of Bloomberg said:
If I had been allowed to do this when I asked for it, we would have 30 or 40% profit - and I would have become a genius. But that's the way it works.
In fact, Bitcoin has seen an increase of 20% in the period between the proposal and today, even if that still does not change the cards on the table of the new law that the mayor would like to pass.
Taxes and services can also be paid via Bitcoin
Most important for the adoption of Bitcoin is the possibility that once the law is approved, it will also be possible to make payments for taxes and services directly in Bitcoin. A Lightning-based service will likely handle this, allowing for virtually immediate payments, as well as the ability to convert quickly. USD à BTC, as is also the case for Chivo wallet.
Miami, these are the words of the mayor, aims to quickly become the American capital of crypto-monnaies and subsequently that of the world. A path that had also winked at Ethereum in the past, with one of the most important ecosystem conventions led by Vitalik Buterin who had been lodged in the city.
Bitcoin struggles to climb back above $ 55 - today's analysis
Bitcoin suffered from a situation of uncertainty over European scholarships, almost all of which opened slightly downwards, with the exception of Frankfurt. A situation that has lowered the price, also in light of new concerns on the issue Evergrande in China.
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Technical Analysis Announcement 1 week, which we report here, is however very positive, in contrast to those 24 hours. If we were to take the forecasts of this class of instruments at face value, we should regard the movements of the last few hours as noise which has no chance of having medium and long term effects.
The price of reduction - if we want to define it that way, it will be a good opportunity to ride the next bull run. And the volatility of the interlude can also be bet by choosing a good platform. Capital.com (go here to get the demo for free and with unlimited virtual capital) allows us to surf rapid price movements thanks to MetaTrader 4 and what is also offered by TradingView.
On the BTC forecast in the long term, we remain - at these market conditions - of the same opinion. There is a lot of room for growth, even considering the good news from the USA and Venezuela.