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Miami Mayor Francis Suárez Says His Bitcoin Salary Has Tripled in Value

Miami Mayor Francis Suárez Says His Bitcoin Salary Has Tripled in Value

Miami’s pro-crypto mayor continues to back Bitcoin as the city expands blockchain initiatives.

Written by Rahul Dhingra, Edited by David Delima | Updated: 6 November 2025 18:21 IST

Miami Mayor Francis Suárez Says His Bitcoin Salary Has Tripled in Value

Photo Credit: Unsplash/Zoshua Colah

Suárez has promoted Miami’s blockchain ventures while continuing to draw his pay in Bitcoin

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Highlights

Miami expands blockchain projects as Bitcoin’s value rebounds
MiamiCoin generated $22 million for the city in 2021
Bitcoin now trades at $102,964

Miami Mayor Francis Suárez has said that the value of his salary taken in Bitcoin has risen by around 300 percent since he first opted to receive it in cryptocurrency. Speaking during a recent interview with Fox Business, Suárez said he remains unfazed by short-term volatility and still believes in Bitcoin's long-term potential. The statement reinforces his reputation as one of the most prominent pro-crypto politicians in the US and highlights Miami's continued effort to position itself as a digital finance hub.

Miami's Pro-Crypto Mayor Reaffirms Faith in Bitcoin Despite Volatility

In late 2021, when Bitcoin was trading at around $30,000 (roughly Rs. 26.6 lakh) per coin, Suárez started using all of his mayoral salary in cryptocurrency. “I got paid $30,000 (roughly Rs. 2.6 lakh), so it's up 300 percent. It was actually up to 400 percent when it was up to $120,000, so I'm not concerned about everyday market swings from one day to the other,” he told Fox Business.

Under his leadership, Miami has launched several initiatives to integrate blockchain into municipal operations. In September 2021, the city launched MiamiCoin, its native token, in an attempt to increase revenue and provide incentives to citizens.

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Despite facing challenges with MiamiCoin's fluctuating performance, Suárez has maintained that such projects mark early but important steps towards the adoption of blockchain-based governance models. He has continued to urge investors and tech companies to consider Miami as a future centre for Web3 innovation by organising various fintech and cryptocurrency conferences in collaboration with prominent figures in the field.

While Suárez's Bitcoin-based salary appears to have benefited from the cryptocurrency's recent recovery, it also highlights the risks associated with market volatility. The mayor of Miami has established himself as a steadfast advocate for the use of cryptocurrencies in public administration by becoming one of the few elected officials to accept a full salary in Bitcoin.

He believes this is in line with a larger interest among civic leaders in figuring out how to integrate blockchain technology and digital assets into government processes without jeopardising financial stability.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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Further reading: Miami, Cryptocurrency, Bitcoin, BTC, Crypto Salary

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More