Miami Mayor Is Still Receiving Bitcoin Paychecks, Says His Salary ‘Is Actually Up’ Despite Ongoing Crypto Winter

Miami Mayor Is Still Receiving Bitcoin Paychecks, Says His Salary ‘Is Actually Up’ Despite Ongoing Crypto Winter


Miami Mayor Francisco Suarez says he’s still receiving his paychecks in Bitcoin (BTC) despite the king crypto’s precipitous fall from all-time highs.

Suarez tells CNBC in a new interview that his BTC salary has “been a good investment.”

“You have to understand that I get paid every two weeks. So it’s not like I bought it all at [$60,000] and now it’s at [$20,000], so sometimes people misunderstand that you’re buying it every two weeks or you’re buying it in the fluctuations, so actually, since I bought it, or since I started taking my salary in Bitcoin, my salary’s actually up. So it’s actually been a good investment. Not that I’m trading on it.”

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The Miami mayor first started accepting Bitcoin paychecks in late 2021.

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