Miami’s Francis Suarez Says His Bitcoin Pay Tripled: Here’s the Catch

TLDR

• Francis Suarez said his Bitcoin salary has increased by around 300% since his first payment.
• He stated that he received his Bitcoin paychecks when the price was about $30,000.
• Suarez mentioned that he is not worried about daily market fluctuations or price drops.
• He explained that he focuses on the long-term value and trust built through Bitcoin’s code.
• Suarez confirmed he previously owned Bitcoin and Ethereum before taking his salary in crypto.

Miami Mayor Francis Suarez said he has gained 300% on his Bitcoin salary despite recent crypto market volatility. He explained that he received his payments when Bitcoin was priced around $30,000, and the value has since tripled. Suarez confirmed he remains confident in Bitcoin’s long-term potential and not concerned about short-term fluctuations.

Francis Suarez Claims 300% Gain on Bitcoin

Francis Suarez stated during an interview with Fox Business that he remains calm despite Bitcoin’s dip below $100,000. He mentioned, “I got paid at $30,000, so it’s up 300%, it was actually up to 400% at $120,000.” Suarez added that he does not focus on daily price swings but rather on the technology behind Bitcoin.

He emphasized that market corrections do not affect his confidence in digital assets. Suarez said his focus lies on the broader adoption of blockchain and decentralized systems. He believes Bitcoin represents a transparent and coded monetary system that people can trust.

Francis Suarez continues to view Bitcoin as a store of value that operates independently of centralized control. He explained that its transparency gives people more confidence in how value is created. He also said that long-term trust in the code is more important than short-term volatility.

Francis Suarez announced his decision to take his mayoral salary in Bitcoin in November 2021. He declared, “I’m going to take my next paycheck 100% in bitcoin…problem solved!” The move positioned him as one of the first public officials to receive cryptocurrency compensation.

At that time, Bitcoin traded around $64,000, which contrasts his current claim of being paid at $30,000. Suarez may have received later paychecks during lower price periods when the crypto market corrected. His statement indicates he has tracked his crypto compensation over time.

Francis Suarez said he previously owned Bitcoin and Ethereum before receiving any salary payments. He has supported crypto since at least December 2020, promoting Miami as a blockchain-friendly city. His decision reflected his ongoing interest in technology-driven financial systems.

Focus on Crypto, DeFi, and AI Integration

Francis Suarez said he remains focused on the evolution of decentralized finance, crypto, and artificial intelligence. He mentioned that these technologies could reshape how people interact with value and data. He continues to encourage innovation in Miami’s growing tech ecosystem.

He said he prefers to concentrate on long-term technological progress rather than daily market changes. Suarez has been consistent in supporting crypto innovation within city governance. His efforts align with his broader vision of positioning Miami as a global tech hub.

Francis Suarez maintains that blockchain offers transparency and accountability through code-based systems. He continues to advocate for greater digital literacy and financial innovation. He remains confident that technology will continue to influence future economic models.

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