CRYPTO

China’s crypto crackdown on bitcoin mining ‘creates incredible opportunities for US’ – Bitcoin News


The mayor of Miami, Florida, sees China’s cryptocurrency crackdown as a “turning point” that “creates an incredible opportunity for America.” He said: “Their loss can and will lead to our gains and America’s future by providing a clean power house for bitcoin mining and those who are building with / with bitcoin.”

The mayor of Miami sees the United States benefit from China’s crypto crackdown

Miami Mayor Francis Suarez, who is trying to make his city a bitcoin hub, sees the Chinese government’s crypto crackdown as an opportunity for his city and the United States, he told Bloomberg:

Turning point now. This creates an incredible opportunity for America.

This week, Suarez commented on China’s crackdown: “Banning bitcoin is a huge mistake in China, the effects of which will be felt for generations to come.” Their loss can and will lead to our gains and America providing bitcoin mining and a clean power house for those who are / are / building for bitcoin.

The mayor of Miami is not the only politician who sees China’s crackdown on cryptocurrencies as an opportunity for the United States. “China’s decision to restrict access presents a perfect opportunity for American leadership in cryptocurrency,” McHenry said.

Mayor Suarez said earlier this week that he was actively trying to convince cryptocurrency miners that South Florida offers great opportunities for mining, such as clean energy alternatives such as nuclear, solar and hydropower.

He confirmed that he had spoken with Eric Silagi, chief executive of Florida Power & Light, about attracting crypto businesses to the region. He tweeted in May that Miami City could “mine bitcoin with clean nuclear energy supplied by Florida Power and Light.”

We want to be the world’s crypto mining capital and know that it can be done sustainably and incorporate solar.

Do you think China’s crypto crackdown is an opportunity for the United States to take the lead in crypto and crypto mining? Let us know in the comments section below.

Image credit: Shutterstock, Pixabay, WikiCommons

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