Overview
- In a Fox Business interview, Suarez said his bitcoin compensation is up about 300% and that short-term volatility does not worry him.
- He said he was paid at roughly $30,000 per bitcoin, noting the price hit about $120,000 earlier this year before falling below $100,000 this week.
- Suarez began taking his mayoral salary in bitcoin in 2021, using the move to signal support for digital assets.
- He continues to promote municipal crypto use, including optional BTC pay for employees and allowing residents to pay city fees in bitcoin, with earlier proposals to distribute BTC to citizens.
- Miami maintains a pro-blockchain posture as the city heads to a Dec. 9 mayoral runoff to replace the term-limited Suarez.