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Miami Mayor Francis Suarez says his Bitcoin salary has increased by 300%.
PANews, November 6 — According to Cointelegraph, Miami Mayor Francis Suarez has been receiving his salary in Bitcoin since the end of 2021. He stated that he is not worried about the recent sharp fluctuations in the cryptocurrency market. Currently, his Bitcoin salary has increased by approximately 300%. During an interview with Fox Business on Wednesday, when asked if he was concerned about Bitcoin dropping below $100,000 and the significant decline in most cryptocurrencies, he responded, “When I received my first Bitcoin salary, the price was $30,000. Now, it has increased by 300%, reaching a high of $120,000, a 400% increase. So, I’m not worried about daily fluctuations. I’m more focused on the macro impact of a trusted store of value that can be created through code. Instead of tracking prices daily, I pay more attention to the development of decentralized finance, cryptocurrencies, and artificial intelligence.”