The Mayor #Miami , Mr. Francis Suarez, one of the most prominent politicians and a strong supporter of cryptocurrency in the United States, has just revealed an incredible success story from his pioneering decision: The Bitcoin (BTC) compensation he has received since late 2021 has now yielded a profit of up to 300%. This revelation is not only a personal financial announcement but also a strong affirmation of his belief in the long-term value of digital assets.
In an interview with Fox Business, Mr. Suarez shared: 'I started receiving my salary when the price of Bitcoin was only around $30,000. Now, that investment has increased by 300%, even reaching 400% at times when Bitcoin hit $120,000.'
This success helps Mayor Suarez maintain a calm demeanor amidst short-term market fluctuations. 'I don't worry much about the price going up and down every day,' he said, despite the market having recently undergone a correction below the $100,000 mark. For him, BTC is not just a speculative asset but a strategic asset with extraordinary long-term value potential.
Challenging Pioneering Strategy
Mr. Suarez's decision to receive his salary in Bitcoin at the end of 2021 was a noteworthy move, making him a symbol of cryptocurrency acceptance in American politics. This action is part of a larger strategy to position Miami as a global technology and cryptocurrency hub.
This strategy includes groundbreaking initiatives, although sometimes controversial:
Free Bitcoin Distribution to Residents: In 2021, the Miami government once distributed free Bitcoin to residents, using profits generated from MiamiCoin (MIAMI)—a city token issued through the CityCoins protocol. Although the MiamiCoin project later faced many challenges regarding sustainability and price volatility, this initiative created a unique model for using cryptocurrency technology to generate funding for the city.
Attracting Talent and Businesses: Mr. Suarez's strong crypto advocacy strategy has helped Miami attract a wave of technology companies and venture capitalists moving from Silicon Valley to the East Coast.
Unwavering Faith Despite Criticism
In the past, Mayor Suarez and his crypto-friendly policies have faced considerable criticism, especially when the cryptocurrency market experienced a severe downturn (crypto winter). However, the 300% return from his personal salary has become tangible evidence, reinforcing his views on Bitcoin's sustainability.
Mr. Suarez is not only a crypto advocate but also a visionary politician regarding the convergence of technology. He believes that the three main technological pillars—DeFi (Decentralized Finance), Crypto (Cryptocurrency), and AI (Artificial Intelligence)—will collectively reshape and democratize the global financial system.
This perspective goes beyond being merely a store of value; it places Bitcoin and blockchain technology at the center of a larger financial revolution, where current centralized systems will be replaced by more decentralized, transparent, and efficient models.
The personal financial success of the Mayor of Miami, combined with his unwavering belief in the future of technology, continues to reinforce his role as a pioneer in merging politics and technological innovation in the United States.
