The crypto market has lost an average of 36% in the last two months. Despite this, Miami Mayor Francis Suarez said that he continues to receive his salary in Bitcoin. Speaking at the World Economic Forum, Suarez is a huge supporter of Bitcoin.
Miami - Center for Technology and Crypto
Suarez has many plans to make Miami a tech and crypto hub. Saying that the current decline of the market or the collapse of Terra did not change the goals of the city, Suarez stated that he did not care how much the Bitcoin price was. According to Suarez, cryptocurrencies are still a young asset class.