Miami Mayor Francis Suarez still receives his salary despite continued market volatility. Bitcoin (BTC) He said he took it.
“I Bought Some More Bitcoin (BTC)”
“I just bought some yesterday,” he said at a press briefing after speaking at a conference.
Suarez, who leads the US Conference of Mayors, said a little over a year ago that he would become the first American politician to receive his official salary in Bitcoin, and announced the plan just days before the all-time high of $68,789.
Although BTC has lost nearly 76% of its value since Suarez’s first announcement, Suarez stated that the mayoral salary is not his only source of income, he also works in law and private equity jobs.
Suarez is creating Miami in a new technology, finance and cryptocurrency He has been one of the most vocal advocates of centrally positioning, often referring to the city as the “capital of capital”.
Using an optimistic tone at a conference on Tuesday, Suarez told the crowd that after the collapse of the FTX crypto exchange, it was time to seize the moment and innovate.
At the MiamiWeb3 summit, jointly organized by CTH Group and the Municipality of Miami, he said, “Web3 and cryptocurrencies are permanent,” and added:
“Sometimes we just have to take a breather, right? We must not forget that this technology is new. Not every new application will be successful. Not every company will be successful.”
*Not investment advice.
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