- Miami Mayor and US presidential candidate Francis Suarez said he could accept a portion of his salary in Bitcoin (BTC) if elected president.
- The Miami Mayor also spoke about the benefits of blockchain and fractional investments. He said tokenization makes it easier for more people to participate in debt and equity investments.
- Current President Joe Biden and his toughest rival, former President Donald Trump, both said that cryptocurrencies have no intrinsic value and are a “disaster waiting to happen.”
Miami Mayor and US presidential candidate Francis Suarez said he would accept a portion of his salary in Bitcoin if elected president and emphasized the importance of supporting these assets.
Suarez Promises Bitcoin for US Presidency
Miami Mayor and US presidential candidate Francis Suarez said he could accept a portion of his salary in Bitcoin (BTC) if elected president. Suarez confirmed in a podcast interview that he already receives a portion of his mayoral salary in Bitcoin and would continue to do so if elected president.
He also added that he felt it was important to support cryptocurrencies, including Bitcoin, to ensure that freedom always exists.
Suarez described Bitcoin and other cryptocurrencies as a “good protection and a good control and balance” over a monetary system that has become completely out of control and highly political.
The Miami Mayor also spoke about the benefits of blockchain and fractional investments. He said tokenization makes it easier for more people to participate in debt and equity investments. By directly participating in fractional assets, people can close the wealth gap and earn more money with less risk.
Bitcoin and Presidents
Crypto has become a hot topic among US presidential candidates, with current President Joe Biden and his toughest rival, former President Donald Trump, both saying that cryptocurrencies have no intrinsic value and are a “disaster waiting to happen.”
However, Suarez said he would accept Bitcoin as a campaign donation earlier this month, and other presidential candidates have also joined the ranks of those accepting cryptocurrencies. These candidates include Robert Kennedy Jr., Ron DeSantis, and Vivek Ramaswamy.
In mid-May, Ramaswamy tweeted, “Bitcoin should not be regulated as a security.” He also stated that he would accept Bitcoin payments for his campaign at the Bitcoin 2023 conference.
Similarly, Robert F. Kennedy Jr., who is likely to be a Democratic presidential candidate, also expressed support for crypto.
Florida Governor Ron DeSantis, seen by many as the closest rival to Trump for the Republican nomination, openly supports Bitcoin. He launched his campaign with the statement, “Americans have the right to make Bitcoin.”
DeSantis also criticized lawmakers and regulators, claiming that they are not concerned with crypto laws and are making it difficult for Americans to embrace and use them.
However, despite DeSantis’ open stance on Bitcoin, Mayor Suarez claimed to have heard that his rival is only against Central Bank Digital Currencies (CBDCs).
