The mayor of the American city of Miami has announced that he will accept 100% of his next paycheck in Bitcoin, making him the first American politician to do so. The mayor is currently working to make his city the bitcoin capital of the world.
He made the statement in response to a Twitter challenge from Morgan Creek Digital partner Anthony Pompliano, who asked, “Who will be the first American politician to accept Bitcoin as a means of payment?? “
I will take my next paycheck 100% in Bitcoin … problem solved! @Sarasti can you help? https://t.co/v4YdPZ0tYc
– Mayor Francis Suarez (@FrancisSuarez) November 2, 2021
When the price of Bitcoin hit nearly $ 50,000 last month, the Mayor of Miami said the future of the asset was bright. Even well-known cryptocurrency critic Jamie Dimon, who recently labeled Bitcoin worthless, defied lawmakers.
The mayor stated that the top cryptocurrency has intrinsic value and that the blockchain technology on which it is based is the most secure and most decentralized blockchain in the world.
The most important characteristic of Bitcoin, according to Suarez, is that it is not tied to the monetary system or monetary policy. As a result, it excites several developing countries hoping to save their ailing economies.
Inexpensive approach to the cryptocurrency industry
Francis Suarez has been positive about the cryptocurrency business, particularly Bitcoin, since early 2021. In addition to being the owner, he often praises the virtues of the top digital asset and is one of its most ardent supporters.
According to the Miami Herald, the mayor’s annual salary is $ 187,500, which is nearly 3 BTC at the time these paragraphs were written. The city of Miami held a general mayoral election on November 2, 2021, with a runoff election scheduled for November 16, 2021.
Francis Suarez, a Republican Party candidate, received 78.7 percent of the vote, while the second-place candidate received just 11.5 percent of the vote. Suarez is the favorite to win four more years as Miami Mayor, so it seems that the Bitcoin revolution will continue.