Miami’s Mayor, Francis Suarez is making waves with his strategy towards Bitcoin (BTC). In an exciting development for crypto enthusiasts, Suarez expressed that he would accept part of his potential presidential salary in Bitcoin if voted into office.
During a podcast interview, the mayoral and GOP presidential candidate revealed he is already integrating Bitcoin into his mayoral remuneration – a practice he plans to carry forward if he secures presidency. He emphasized his belief in cryptocurrencies, particularly Bitcoin, as a tool for upholding financial freedom.
Labelling cryptocurrencies as a “good hedge” and a corrective force against a politically-manipulated monetary system, Suarez further applauded the benefits of blockchain technology. He highlighted how tokenization can simplify stock investments by fractionalizing assets, potentially bridging the wealth gap and minimizing risk.
US presidential candidates have shown mixed responses towards crypto, with many prominent figures expressing negative views. However, Suarez’s stance is more positive. His approval of Bitcoin for campaign donations aligns him with other presidential candidates who have similarly embraced crypto, including Robert Kennedy Jr, Ron DeSantis, and Vivek Ramaswamy.
While Florida’s Governor, Ron Desantis, promotes Bitcoin strongly, Suarez suggested actions should extend beyond opposition to Central Bank Digital Currencies (CBDCs). Suarez argued that a responsible approach towards digital currencies requires comprehensive engagement, not just resistance against CBDCs.