The mayor of Miami, Francis Suarez, plans to take a fraction of his 401K in Bitcoin -
The mayor of Miami, Francis Suarez, plans to take a fraction of his 401K in Bitcoin -
In the first week of November, the re -elected mayor of Miami, Francis Suarez, said that he would receive part of his salary in Bitcoin through the payment service provider Strike. A month later, Suarez announced at the takeover event of Real Vision in Las Vegas that he is planning to take part in his 401K in Bitcoin.
The Pro-Bitcoin Mayor of Miami plans to convert part of his 401K in crypto
The Mayor of Miami, Francis Suarez, is a big fan of Bitcoin ( btc ) Cryptocurrencies spoken. In mid-October, Suarez told he Miami to amerikas Crypto capital structure and the mayor emphasized that cryptocurrency had a "high priority" for him. Also suarez told Chinese miner to move to Miami after China Bitcoin mining banned.
last month, suarez He used the third-party strike, by a part of his To convert salary checks into Bitcoin. In addition, a growing number of mayors in cities in the USA You too have an interest in being paid in Bitcoin. Now the mayor of Miami, Francis Suarez, goes one step further and converts part of his retirement money into Bitcoin. In conversation with the editor -in -chief of Real Vision, Samuel Burke, in Las Vegas Suarez noted that this was a "personal decision".
"I just think it's a good asset in which you can invest. I think he will obviously gain value over time. I believe that," said Suarez. Burke asked the mayor of Miami if he would invest his 401K in Bitcoin next year and replied Suarez: "Oh yes! Definitely." The Mayor of Miami added:
blockchain was so successful because people trust it. You trust it because you see that it is an open source and a not manipulable system. And I think that's the source of popularity and why it is so well done.
Suarez discusses the achievement of a crypto return from Miamicoin and the payment of municipal fees in Bitcoin
Last month,Suarez said that Miami residents could soon have access to a "Bitcoin return" that comes from the city's own crypto asset called "Miamicoin (Mia)". New York City has also called its own coin "NYC" and both NYC and MIA can be dismantled. The Mayor of Miami also told the editor-in-chief of Real Vision that Miami's residents will soon be able to pay municipal fees btc .
"We were just having an industrial day for Bitcoin exchanges and are in the process of publishing an RFP (Request for Proposal)," Suarez noticed during his interview. The mayor of Miami said Burke that because of his income from the private sector, he had the right to invest his 401,000 in crypto. "I have income from the private sector," concluded Suarez. "To be fair, my salary as mayor does not correspond 100 % of my income. So it is part of my income with which I can make this kind of investment."
What do you think that the mayor of Miami, Francis Suarez, gets part of his 401K in Bitcoin? Let us know your opinion on this topic in the comments below.
Bedy verification : Shutterstock, Pixabay, Wiki Commons