Francis Suarez, a BTC bull, reaffirmed his crypto support by revealing he would get his next paycheck in bitcoin. Francis Suarez has pledged to pay himself 100% in bitcoin for his next salary. As a result, he might become the first American politician to be compensated in the cryptocurrency’s main currency.
Since the start of 2021, Francis Suarez has shown a generally supportive attitude toward the cryptocurrency business, and more especially, bitcoin. Apart from being a holder, he often extols the virtues of the top digital asset and is one of its most ardent advocates.
Miami’s mayor recently announced that he would take that support a step further by collecting his next paycheck in bitcoin. His remark came in response to a previous question from crypto advocate and investor Anthony Pompliano: “Who will be the first American politician to accept payment in bitcoin?”
He referenced Mike Sarasti, the city’s director of innovation and technology, as someone who should assist with the endeavor. According to the Miami Herald, the mayor earns $187,500 each year, which equals about 3 BTC at the time of writing these paragraphs.
On November 2, 2021, the city of Miami conducted a general mayoral election, with a runoff election slated for November 16, 2021. Francis Suarez, a Republican, received 78.7 percent of the vote, while the runner-up received just 11.5 percent of the local vote.
The bitcoin revolution in Miami seems to be poised to continue since Suarez is the frontrunner to retain his position as mayor for another four years.
‘Bitcoin Can Only Go Up
When Bitcoin’s price reached around $50,000 last month, Miami’s mayor commented that the asset’s future was fairly optimistic.
The lawmaker went so far as to challenge well-known cryptocurrency opponent Jamie Dimon, who recently characterized bitcoin as worthless. The mayor stated that the top cryptocurrency had inherent worth since its underlying blockchain technology is “the most secure, decentralized blockchain on the globe.”
According to Suarez, bitcoin’s primary benefit is its independence from the currency system and monetary policy. As such, it generates enthusiasm in certain poor countries that have turned their attention to it in order to preserve their collapsing economies:
“There is also a wave of nations in Central America, South America, and Africa that is beginning to embrace bitcoin as their primary currency, which has the potential to revolutionize bitcoin’s usefulness.”
Also Read: Commonwealth Bank Will Permit Crypto Trading For 6.5 Million Australians
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