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