Untethered by Crypto Crash: Miami Mayor Still Takes Salary in Bitcoin
Despite the volatile cryptocurrency market and Bitcoin\'s dramatic decline, Miami Mayor Francis Suarez remains steadfast: he still takes his salary in Bitcoin. The Miami City Mayor continues to receive a bitcoin (BTC) salary despite the bitcoin reversal to sub-$30,000. This unwavering commitment, even amidst the extended bear market, makes Suarez a notable figure in the crypto world.
Miami Mayor Francis Suarez: A Bitcoin Bull Unfazed
An outspoken bitcoin bull, Francis Suarez revealed he still takes his salary in the primary digital asset, according to The Block. This is not a new development; Suarez first announced more than a year ago that he would become the first U.S. politician to receive a formal salary in Bitcoin. However, Bitcoin has fallen about 76% since Suarez first announced the measure.
"I Just Bought Some Yesterday": Mayor\'s Continued Confidence
Miami Mayor Francis Suarez has admitted that he still takes his salary in Bitcoin despite the current market volatility that has taken the primary crypto down significantly. At a press conference, when asked about his Bitcoin holdings, Miami Mayor Francis Suarez said that he\'s still taking his paycheck in bitcoin despite the ongoing market volatility. He even stated, "I just bought some yesterday," illustrating his continued belief in the cryptocurrency\'s long-term potential.
Resolute Despite Market Turmoil
Despite the tragedy of TerraUSD (UST) de-pegging and the subsequent chaos that plagued the cryptocurrency markets, Miami’s mayor remains resolute in receiving his salary in Bitcoin. While others might waver, Mayor Francisco Suarez also disclosed that despite Bitcoin’s dramatic decline from its all-time high, he continues to receive his salary in the cryptocurrency.