Presidential candidate Francis Suarez, who is also a Mayor of Miami, said he would be open to accepting Bitcoin BTC/USD as part of his salary if elected as President.
What Happened: During a podcast interview with The Block, Suarez stated, “I would potentially even take my salary in Bitcoin, which I think would be fun. I’m doing that right now as Mayor, I don’t see why I wouldn’t do it as President.”
Suarez said he believes in the importance of supporting cryptocurrency and Bitcoin, as he sees them as a means to guarantee freedom. He stated, “Supporting cryptocurrency, supporting Bitcoin is something that I would do as President. I think they’re very good for a country like the US because they create a good hedge and a good sort of check and balance on a monetary system that’s gotten completely out of control and become hyper political.”
Regarding his competitor Florida Governor Ron DeSantis’ stance on crypto, Suarez said, “All I’ve heard the governor say is that he’s anti Central Bank Digital Currencies (CBDCs)."
He emphasized the need for DeSantis to go beyond simply opposing CBDCs stating, “You gotta go beyond just saying that the central bank digital currencies are bad. Everybody agrees on that. That’s a very easy position.”
DeSantis has been vocal about criticizing the Biden Administration’s stance on Bitcoin and cryptocurrencies, referring to it as a “war” and expressing his intention to address and resolve this issue if he were to assume the presidency.
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Why It Matters: Earlier this month, Suarez said he would accept Bitcoin as part of his campaign contributions, aligning him with other Presidential candidates who have also embraced cryptocurrencies. Joining the ranks of Robert Kennedy Jr, Ron DeSantis, and Vivek Ramaswamy.
Suarez also discussed the benefits of blockchain and fractionalized investments, noting that tokenization allows for broader accessibility to debt and equity investments. By investing directly in fractionalized assets, individuals can potentially bridge the wealth gap and experience greater yields with lower risks.
Price Action: At the time of writing, BTC was trading at $26,032, up 0.04% in the last 24 hours, according to Benzinga Pro.
Photo by AlyoshinE on Shutterstock
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