Quote from: Sithara007 on Today at 02:50:23 AM

Quote from: figmentofmyass on Today at 01:06:13 AM

the question is whether to keep a portion of their reserves in cash (where the value will depreciate), more conservative investments like bonds (where the gains are small), or......bitcoin.

If the reserves are there, then they should be kept in liquid or semi-liquid assets, because the municipality may need to dip in to the reserves and withdraw it very frequently.

it's not an all-or-nothing proposition. there is no reason to keep 100% of their treasury reserves in cash or similar instruments if most of it is just gonna sit, depreciating in value.

the proportion of reserves we're discussing is probably 1% or less: https://news.bitcoin.com/mayor-miami-treasury-reserves-bitcoin/

Quote

Pompliano tweeted on Tuesday, “Retweet this if you would move to Miami if Mayor Francis Suarez put 1% of the city’s treasury reserves in bitcoin.” Suarez replied:

“Definitely open to exploring it.”