Miami Mayor Francis Suarez has revealed that he still receives his salary in Bitcoin (BTC), despite the extended bear market, noting that the decision has been ‘a good investment.’
According to Suarez, his salary has increased since making the shift while stating the rise has emerged from taking advantage of price fluctuations, considering he earns after every two weeks, he said during an interview on CNBC’s Squawk Box show on January 19.
“Sometimes people misunderstand that you’re buying it every two weeks, you’re buying it in the fluctuations. Since I bought it or since I started taking my salary in Bitcoin, my salary is up; it’s been a good investment. I think that’s part of the problem with this conversation about Bitcoin,” Suarez said.