Miami's economy 'on fire' despite other major cities' financial slide

During an interview on "Mornings with Maria" Thursday, Miami Mayor Francis Saurez touted the revolutionary "ecosystem" that cryptocurrency has provided as the city continues to thrive in various economic sectors. 

FRANCIS SUAREZ: It's on fire. Our tax base grew by 12% year over year. We've transferred over $2 trillion in assets under-managed companies in the last two years. Our venture capital pipeline grew by 400% year over year. It's amazing what following some basic principles will do for a city like keeping taxes low, keeping people safe, keeping homeless low. We are at a 2013-year low in homelessness where our tax rate is at a 1960s low and our homicide rate is at a 1950s low. 

So if you keep people safe, you focus on quality of life, it's an incredible difference from what people are seeing in other major cities across America. And we now live in a decentralized world where you don't have to physically be somewhere to be able to be successful. And people like Ken Griffin are proving that. When Citadel moved to Palm Beach initially during the pandemic, they prove that they could be a massive market maker and not have to be in New York or Chicago. And now he's made the move. So we're excited to have Ken Griffin and his family in Miami.

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WATCH THE FULL INTERVIEW HERE: