Miami Mayor Francis Suarez plans to withdraw a small portion of his 401k Bitcoins – Bitcoin News

In the first week of November, the re-elected Mayor of Miami, Francis Suarez, explained that he will receive part of his salary in Bitcoin through the payment processor Strike. A month later, at the Real Vision acquisition event in Las Vegas, Suarez revealed that he also planned to participate in his 401k Bitcoin.

The mayor of Miami, who supports Bitcoin, plans to convert part of his 401k into cryptocurrency

The Mayor of Miami, Francis Suarez, is a big fan of Bitcoin (Bitcoin) And he talked about his fascination with cryptocurrency on various occasions. In mid-October, Suarez Tell the media He is building Miami into the cryptocurrency capital of the United States, and the mayor emphasized that cryptocurrency is a “first priority” for him.Suarez also Tell Chinese miners Move to miami After China banned Bitcoin mining, it took advantage of Florida’s abundant nuclear energy.

Last month, Suarez disclose He is using Strike, a third-party payment processor, to convert a portion of his salary into Bitcoin.In addition, more and more U.S. city mayors explain They are also interested in getting paid in Bitcoin. Now, the Mayor of Miami, Francis Suarez, has gone one step further and converted part of his pension into Bitcoin. In a conversation with Real Vision editor-in-chief Samuel Burke (Samuel Burke) in Las Vegas, Suarez said it was a “personal choice.”

“I just think this is a good asset worth investing in. I think it will obviously appreciate over time. This is what I believe,” Suarez said. Burke asked the Mayor of Miami if he would invest his 401k in Bitcoin next year, and Suarez replied: “Oh, yes! Indeed.” The Mayor of Miami further added:

The reason why the blockchain is so successful is because people have full confidence in it. They have full confidence in it because they see that it is an open source and unmanipable system. I think this is a popular source and why it does so well.

Suarez discusses getting crypto income from Miami coins and using Bitcoin to pay for municipal expenses

Suarez explained last month that Miami residents may soon receive “bitcoin gains,” which are derived from the city’s own crypto asset “Miamicoin (MIA).” New York City also has its own coin called “NYC”, both NYC and MIA can be mined.The Mayor of Miami also told the editor-in-chief of Real Vision that Miami residents will soon be able to Bitcoin.

“We have just ushered in the Bitcoin trading day, and we are issuing an RFP (Request for Proposal) for this,” Suarez said in an interview. The Mayor of Miami told Burke that because his income comes from the private sector, he has the right to invest his 401k in cryptocurrency. “I do have income from the private sector,” Suarez concluded. “So, to be fair, my mayor’s salary is not 100% of my income. So this is part of my income, and I can use it to make this kind of investment.”

Tags in this story

401k, Bitcoin, Chinese miners, Florida, Francis Suarez, mine, Miami coins, Greater miami, True vision, Samuel Burke, Acquisition event

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