Miami Mayor Francis Suarez told Fox Business that he is sitting on his Bitcoin earnings. “up 300%” Since taking his salary as bitcoin.
“I got paid at $30,000,” Suarez saidBitcoin was up by 400% earlier in the year when it reached $120,000. Despite recent market volatility — with Bitcoin slipping below $100,000 this week — Suarez said he isn’t worried about short-term price swings.
[The volatility of bitcoin] “really doesn’t bother me,” He told Stuart Varney. “I’m more concerned with the macro impact of having a store of value that people have faith in, that has a money creation system known through the code.”
Suarez is a famous American politician who was the first to use the term “political terrorism”. take his pay in BitcoinAccording to, the main focus should be placed on decentralized finance (including crypto) and AI. “What’s more interesting is this evolution of where decentralized finance is going, where crypto is going, where AI is going,” “He said”
Suarez, who spoke at the American Business Forum held in Miami on Tuesday, also pointed out the rise of the city as a global financial center. “He said Miami’s pro-capitalist ethos Standings “diametric opposition” New York City, and predict a rise in interest for real estate.
Back in 2021, Suarez said As part of its plan to develop a Bitcoin economy, the city plans to soon distribute bitcoins to all residents. Suarez envisions a world where “the Satoshi system” This card is for paying city taxes and other payments.
He also said increasing Bitcoin’s utility is what will increase its adoption and value. Suarez added that residents should be able to pay for fees and city employees in BTC.
Miami’s mayoral election will be decided by a runoff on Dec. 9, between Democrat Eileen Higgins, and Republican Emilio Gonzalez. Suarez’s term was limited, so he couldn’t be mayor again.
Celebrities getting paid in Bitcoin
Odell B. Beckham Jr. recently reaffirmed his decision to join the Los Angeles Rams 2021. salary in Bitcoin. Beckham was converted His $750,000 salary was converted to BTC via a Cash App transaction when Bitcoins were trading at around $60,000.
Bitcoin’s price fell by almost 80% in the following months, and critics laughed at the decision. However, Bitcoin had risen to new highs over $120,000 as of July 2025.
“Safe to say we still happy with our decision,” Beckham shared a post on X, as Bitcoin reached new highs.
At $118,000 per BTC, his original payout was worth about $1.47 million — nearly double its 2021 value. Beckham, even after the combined tax rate of 49.3%, would have received roughly $1.1million, which is almost three times what he earned as cash.
Russell Okung and Saquon Barley are two other notable athletes that have received their salary in Bitcoin. Okung got half of the $13 million Panthers’ salary as BTC. opted Take $10 Million in Bitcoin as endorsements
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Source: bitcoinmagazine.com
