The mayor of Miami stated that his salary in Bitcoin has increased by 300%.

Miami Mayor Francis Suarez announced a 300% increase in his salary in Bitcoin, which he confirmed on Fox Business. Suarez recalled that he began receiving part of his income in cryptocurrency when the bitcoin exchange rate was around $30,000. This happened amid market fluctuations, but the politician notes that this does not bother him. His salary is $97,000 per year, and his net worth is estimated at $4.45 million.

Source Incrypted

Suarez noted that he is more interested in the development of decentralized systems and cryptocurrencies than in the daily fluctuations of risky assets. In his opinion, Bitcoin is a macroeconomic hedge asset. Suarez plans to discuss these topics at the America Business Forum conference, which will be attended by US President Donald Trump, among others.

Suarez is not the only politician who receives his salary in Bitcoin; former New York City Mayor Eric Adams also uses this format. Both encourage the adoption of cryptocurrencies as part of their programs, as they consider it part of the new economic reality and digital revolution.