Miami mayor Francis Suarez is the latest high-profile figure to tout Bitcoin (BTC), offering more evidence that mainstream adoption is growing.

In a Thursday tweet, Suarez called Bitcoin a "stable investment" during an "incredibly unstable twelvemonth," calculation that he'southward learning about the flagship digital asset through figures similar Tyler Winklevoss and Anthony Pompliano.

Winklevoss and Pompliano both responded to Suarez's tweet. Tyler said he and his blood brother Cameron will bring the Miami mayor a "signed copy of Bitcoin Billionaires," a book written well-nigh the twins, while Pompliano touted Miami equally a future Bitcoin urban center.

Earlier in the mean solar day, Suarez indicated that his administration is exploring the thought of Miami condign the first crypto-centric government in the country. "Absolutely exploring that," he said in response to a tweet. No farther details were provided.

Suarez was elected the mayor of Miami in Nov 2017 later on running every bit a nonpartisan candidate. Before entering politics, he worked as an attorney and also founded a title real manor title company.

Miami has been described by some news outlets as ane of the hottest American cities for cryptocurrencies due to lax land oversight and an influx of foreign capital. The N American Bitcoin Conference, which featured names like Charles Hoskinson, Roger Ver and Riccardo Sagni, was held in Miami at the start of the year.

Bitcoin'southward explosive rally this yr, fueled in part by corporate and institutional adoption, is driving new conversations about digital avails. Bitcoin adoption is increasingly viewed every bit a competitive advantage in an economy wrought with fiscal instability, asset-price inflation and record central-bank intervention.