Miami mayor’s Bitcoin salary sees 300% increase

Miami Mayor Francis Suarez, a prominent advocate for cryptocurrency, has seen the value of his salary, which he began receiving entirely in Bitcoin in 2021, increase by 300% due to the digital asset's price appreciation. Suarez adopted the Bitcoin-only salary to signal support for cryptocurrency and innovative compensation within the public sector. Under his leadership, Miami has actively positioned itself as a blockchain-friendly city, exploring various initiatives to integrate digital assets into municipal governance. The significant gains validate his strategy of accepting the volatile asset as compensation, aligning with his broader vision for Bitcoin's long-term value in government applications.

(Source：Crypto Briefing)