Miami Mayor Still Bullish on Bitcoin: Taking Paycheck in Crypto Despite Volatility
The mayor of Miami and an outspoken bitcoin bull – Francis Suarez – revealed he still takes his salary in the primary digital asset. Even with market fluctuations, City of Miami Mayor Francis Suarez said that he’s still taking his paycheck in bitcoin despite the ongoing market volatility. “I just bought some yesterday,” he said at a press.
Francis Suarez: Miami's Pro-Crypto Mayor Leads by Example
Miami Mayor Francis Suarez has committed to taking his next paycheck fully in bitcoin, becoming the first known U.S. politician to make such a move. This bold decision aligns with his vision for a more technologically advanced and crypto-friendly Miami. However, he explained this is not just a symbolic gesture; it's a testament to his belief in the future of cryptocurrency.
The Journey to Crypto Paychecks
Francis Suarez – the pro-crypto mayor of Miami – vowed to receive his next paycheck entirely in bitcoin. Thus, he can become the first American politician to be paid in bitcoin. Days after diverting 10% of his own paycheck to bitcoin, Sarasti said he helped Miami Mayor Francis Suarez do the same. Suarez proposed earlier this year that all city employees be offered the option to receive their salaries in cryptocurrency. Miami Mayor Francis Suarez said he aimed to be the first U.S. lawmaker at the state or federal level to accept part of his salary in Bitcoin.
Expanding Cryptocurrency Use in Miami
Miami Mayor Francis Suarez, who said earlier last month he would take his next paycheck “100% in Bitcoin,” is seeking to expand the use of cryptocurrency across the city. He envisions a future where Bitcoin and other digital currencies play a vital role in Miami's economy. His ongoing commitment to receiving his paycheck in crypto solidifies his position as a leader in the adoption of digital assets.