The mayor of the American city of Miami, Francis Suarez, may become the first US politician to receive a salary in bitcoins . Suarez himself is a longtime fan of cryptocurrencies and has several times proposed strategies for their implementation at the municipal level in his city. It seems that he decided not to dwell only on words and to back them up with the practical use of the main digital asset. Let's talk about the situation in more detail.
Note that Francis Suarez joined the cryptocurrency community at the end of 2020: at least it was then that he began to comment on what was happening in the digital assets niche and support its development.
In February of this year, the politician announced that he was going to invest his own money in digital assets. Moreover, for potential investments, Suarez considered not only the rather conservative Bitcoin and Ethereum, but also the Dogecoin meme-coin , which was able to give out serious profitability in 2021 and then collapse noticeably. Read more about the politician's point of view towards the cryptocurrency market in a separate article .
Even if Suarez made an investment, he decided not to stop there. Now Francis wants to receive a salary in Bitcoin. The politician made such a statement the day before.
Who gets paid in Bitcoin
Suarez tweeted his decision to accept a salary at BTC in response to a message from crypto fan Anthony Pompliano. He asked who would become the first American politician whose salary would be paid in the crypt. It looks like Suarez is happy to become one.
My next check will be entirely in Bitcoin. Problem solved!
Francis Suarez's tweet
In a tweet, the mayor mentioned Mike Sarasti, who is in charge of the local government for innovation and technology. So Sarasti must help Suarez adapt the process of receiving, calculating and deducting taxes from wages. According to CryptoPotato , it reaches the level of $ 187,500 per year, which is about 3 BTC at the current market price of Bitcoin.
The "cryptorevolution" in Miami does not receive any serious criticism from the local population and politicians. We will remind, November 2 in the city began the mayoral elections, in which the Republican Francis Suarez received the support of 78.7 percent of the vote. His main rival received only 11.5 percent of the vote.
This means that this situation is noticeably different from the same El Salvador, where the country's leadership periodically faces criticism of the active adoption of Bitcoin from both local residents and the international community. For example, at one time analysts asked the question of who holds the private keys for accessing bitcoins in the country, of which there are currently 700.
Well, the creator of Ethereum, Vitalik Buterin, considered that the methods of popularizing cryptocurrencies in the country did not correspond to the ideals of a decentralized community, which themselves must choose their future. The developer believes that against the background of what is happening, many citizens may lose part of their funds due to the lack of experience in investing in coins. More information about his point of view can be found in a separate article .
We believe that continued Bitcoin integration into many social areas of a major American city will play a positive role in its worldwide adoption. Yet at the beginning of September, Bitcoin became a legal tender in the territory of the whole country - El Salvador. In a sense, this event was one of the reasons for the recent growth of the cryptocurrency to a new all-time high. This means that this time a more global event can also have a good effect on the situation with a digital asset.
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