According to the Mayor of Miami, China’s crypto crackdown has created an opportunity which should immediately be seized by the US for becoming the next crypto leader. He is insisting that the US should gain from the loss of China and by doing so US can designate areas where Bitcoin miners can be put in. His concern was duly backed up and endorsed by Senator Pat Toomey as well who wants the US Government to grab the opportunity before somebody else does.
Loss of a person can earn gains to others and Francis Suarez, the Mayor of Miami, has been taking it very seriously. It is the dream of Mayor Suarez that Miami is turned into a global crypto hub where Bitcoin should be the absolute norm. But, for the time being, his attention has been drawn towards the vacuum created by China.
Mayor Suarez has acknowledged that China’s attempts in hurting crypto globally is an effort which will not bear any fruit. However, the only drawback would be that China will have to handover the crypto kingdom’s crown to someone else. It has been quite a long time since when China was leading the crypto mining industry. But due to its recent onslaught of mining, it has lost the title which it was enjoying for more than 10 years.
Also read:But now a days, Mayor Suarez is eyeing for the vacuum created by China’s ill-treatment with crypto mining. He is made to believe that this is an opportunity which many countries of the world would be considering very seriously. However, he wants the US to be the first to grab that opportunity. He was seen commenting that the odds are now in favor of the US. An astonishing opportunity is lying ahead and there is no other state than the US which is in the best position to grab it.
Previous week, Suarez was also seen criticizing China over its imposition of permanent ban on Bitcoin. He was of the view that China is making a big mistake. The effects of this foolish mistake of China will be perceived upon future generations to come. However, the very mistake has created an opportunity in which the future leader of crypto will have to be determined. Only the US has the required potential so far to lead the mining industry and has the equipment to allow miners use clean energy source. In fact, US can become the next home for Bitcoin miners, said Mayor Suarez.
Very much similar were the views of Senator Pat Toomey, who also considers China’s Bitcoin ban as an opportunity. He too is insisting that what US Government should be concerned about now a days is to grab the opportunity. US has never thought of leading the crypto world but the time is right now and such opportunities do not come very often.
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