Miami Mayor’s Bitcoin Salary Up 300%, Pushes Blockchain

Miami Mayor Francis Suarez’s decision to take his $97,000 annual pay in Bitcoin has yielded a 300% gain since 2021 amid Bitcoin’s rally. By adopting a Bitcoin salary model, Suarez underscored his confidence in cryptocurrencies as a macroeconomic hedge with “hardcoded monetary properties,” dismissing concerns over daily price swings. The move highlights the growing acceptance of Bitcoin salary schemes in public sector pay. Under Suarez’s leadership, Miami unveiled multiple blockchain initiatives — from smart-city projects to crypto-friendly payments — integrating digital assets into municipal governance. These developments parallel broader trends in decentralized systems, cryptocurrency adoption and AI-powered services, reinforcing Bitcoin’s legitimacy in public finance. Traders should note that while market volatility persists, the example of Suarez’s Bitcoin salary underscores Bitcoin’s potential as a long-term store of value. This institutional endorsement may spur further interest in Bitcoin and related blockchain governance models, suggesting bullish implications for BTC over time.