Miami Mayor Suarez Stays Undeterred by Bitcoin Market Volatility

Despite recent volatility in the cryptocurrency market, Miami Mayor Francis Suarez remains unfazed by fluctuations in Bitcoin’s price. In an interview with Fox Business, Suarez highlighted his continued confidence in receiving part of his salary in Bitcoin despite its recent dip below $100,000. He emphasized that his Bitcoin earnings have significantly increased since he began receiving them at a lower valuation of approximately $30,000, noting a 300% surge and further gains reaching up to 400% when Bitcoin reached $120,000. Suarez asserts his focus on the wider potential of cryptocurrency as a secure store of value rather than short-term price fluctuations.