Miami Mayor Francis Suarez spoke to CNBC about Bitcoin and Elon Musk. The mayor also revealed which cryptocurrencies he holds in his portfolio.
“Elon Musk Triggered Volatility“
While Francis Suarez talked about the volatility that caused Bitcoin to drop from its all-time high of $64,863 on April 14 to the $38,852 level where it has been sitting steadily recently, Elon Musk was among the triggers.
According to him, this is something that needs to be resolved on its own, and he believes that with sufficient trading volume, things will be more stable.
The mayor also pointed out that he is a big fan of Elon Musk. “However, in any market other than BTC, the asset price cannot rise up to 10% or 20% with just one tweet.” said.