Miami Mayor Francis Suarez said that despite the ongoing bear market, he still receives his salary in Bitcoin (BTC).
Recently US Conference of MayorsSuarez, who leads the bitcoin announced that he continues to receive Bitcoin price when Suarez first started earning salary with Bitcoin 68 thousand dollars levels were. 2021 of the year October nothing has changed since the month of that the turbulent market has not left him in doubt. Stating that, Suarez also underlined that he will continue to receive his salary in Bitcoin. Since Suarez received his first Bitcoin salary, the cryptocurrency has been around 75% lost value.
Suarez mayor’s salary is not the only source of income, advocacy and special capital He also stated that he works at his job. Speaking about the FTX bankruptcy at the US Conference of Mayors, Suarez said:It’s time to be innovative” he said and continued his words with the following sentences:
Web3 and crypto are persistent. Sometimes we just need to breathe, right? We must not forget that this technology is new. Not every iteration will be successful. Not every company will be successful.
Suarez, who has been interested in cryptocurrencies and especially Bitcoin since the day he took office, started in February last year. He declared Miami the city of Bitcoin. Currently in many local shops in the city of Miami Bitcoin is accepted.