WEF 2022: Bitcoin should be seen from an innovation perspective, says Miami mayor

Francis Suarez reminded people that volatility plays an equal role when the market is going up, but the concerns only come up during bear markets. Miami mayor Francis Suarez believes that Bitcoin (BTC) should be seen from an innovation perspective rather than just as an investment asset.

Suarez’s comments came during his discussion on “The Future of Crypto” on the third day of the ongoing World Economic Forum (WEF) 2022 at Davos. He said:

“We live in a world where investors only look at things from a return perspective, but Bitcoin should be seen from an innovative and technology perspective.”

He also claimed that the Bitcoin price would become stable over time when it would shift from being an asset class to a form of “currency.” He explained:

“I will talk from the Bitcoin perspective since it’s the original cryptocurrency. Currently, it is behaving like an asset class, but over time it would move towards being a currency. Once its currency aspect takes center stage, I think the price will stabilize as well.”