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Francis Suarez, the mayor of Miami, has chosen a distinctive and financially important stance. A lot of politicians say they favor new technologies, but Suarez has put his money where his mouth is. And according to a recent interview, that choice has paid off with a mind-blowing 300% profit. This makes him one of the most well-known crypto-friendly lawmakers in the U.S. and proves that he made a risky gamble during a time when the digital asset market was far less certain.
Suarez made the news during an open interview with Fox Business, where he was asked about the recent market turbulence that caused Bitcoin’s price to momentarily drop below $100,000. The mayor didn’t show any fear; instead, he spoke with the assurance of someone who has held Bitcoin for a long time. He said that the part of his income that he has taken in Bitcoin since late 2021 has gone up by 300%, since he bought it when BTC was trading about $30,000. He also said that his unrealized gains had briefly reached 400% when the price was at its highest, above $120,000.
Suarez said, “No, because I got paid when Bitcoin was at $30,000, so it’s up 300%.” “It went up 400% when it hit $120,000, so I’m not worried about daily changes.”
This practical answer highlights a major change in how Suarez sees things: instead than focusing on the daily noise of price charts, he wants people to focus on the long-term, revolutionary potential of decentralized technologies.
A risky political move in a gray area of the law
To understand how important Suarez’s first decision was, you need to know what was going on at the time. When he originally said, “I’m going to take my next paycheck 100 percent in Bitcoin!” in November 2021, The rules governing cryptocurrencies in the U.S. were far less clear. The Securities and Exchange Commission (SEC) was in a number of lawsuits, Congress was having trouble making things clear, and many institutional investors were still waiting to invest.
It wasn’t only a personal financial decision for the mayor of a big American city to do this; it was also a strong political message. It was a gamble on legitimacy, with the goal of making Miami the new “Capital of Capital” for the crypto business. He wanted to be the first state or federal public official to get paid in BTC, which got a lot of acclaim and suspicion from different groups right once.
This action was part of a larger “Miami Miracle” plan that included suggestions to city commissioners to let people pay their taxes in Bitcoin and to look into keeping BTC on the city’s balance sheet. Suarez’s personal devotion, on the other hand, never wavered, and it was a continual reminder of the city’s pro-innovation spirit.
The “Hodler” Mindset: Not Letting Daily Changes Get You Down
Suarez’s most recent statements are a great example of the “hodler” mindset that has come to define Bitcoin’s most loyal supporters. He didn’t seem worried at all when asked about a market correction that would make most traditional investors nervous. He said that he isn’t interested in short-term price changes; instead, he is interested in the big picture and the basic characteristics of Bitcoin as an asset.
Suarez went on to say, “I’m more interested in how decentralized finance, crypto, and AI are changing than in watching daily volatility.”
This point of view makes Bitcoin more like a digital gold, a basic, non-sovereign store of value, than a speculative tech stock. His focus on an asset “whose creation is governed by code” brings up one of the main reasons why those who support Bitcoin like it: its monetary policy is predictable, open, and not tied to any political party. This is very different from the capacity of central banks to make decisions on their own. Suarez doesn’t care about the small drops because they don’t matter in the long run for a widely used, rare digital asset.
Making the Timeline Clear and Showing Conviction
Suarez’s claim that he got paid when Bitcoin was worth $30,000 could have caused some misunderstanding because BTC was trading around its all-time high of about $64,000 when he made his announcement in November 2021. This difference is probably due to one of two things, both of which show strong belief.
The first option is that it took many months to put his Bitcoin income plan into action, which may have happened around the time of the big market crash in 2022, when BTC did fall to the $30,000 range and then lower. If Suarez started getting his income in BTC regularly during this bear market, it would mean he was dollar-cost averaging into a declining market. This is a technique that takes a lot of strength but usually gives the best long-term returns, as his 300% gain now clearly shows.
The second option is that he kept converting his salary during the next bear market, which turned out to be a really good time to buy. In either case, the leader stuck to his guns during a time of tremendous pessimism, which has now paid off handsomely.
The Future of Cities, AI, and Crypto
In the end, the Bitcoin wage is more than just a good investment for Mayor Suarez; it’s a key part of a bigger political and technological agenda. He clearly connects the future of crypto to that of AI, seeing both as revolutionary forces that will change the world economy. He talks a lot about the “evolution of decentralized finance,” which makes it seem like he knows that Bitcoin is just the first and most stable use of a bigger technology.
He wants to show that cities like Miami are ready to be the centers for the businesses, engineers, and money that will develop this new world by personally embracing this future. His position is a way to promote economic growth through thought leadership. He wants to bring in high-growth industries by showing that the regulatory and cultural climate is friendly and forward-thinking.
A Lesson in Believing in Something and Thinking Ahead
Mayor Francis Suarez’s 300% profit on his Bitcoin salary is more than just a lucky personal outcome; it is a case study on the power of conviction that is full of stories. In a political world where people frequently think in the short term, his willingness to make a very public, long-term bet on a controversial asset class has paid off for him both financially and in terms of his brand.
His accomplishment shows investors and governments a very important lesson: real innovation frequently means going through times of severe uncertainty and doubt. Suarez has not only made a lot of money by focusing on the basic value proposition of a decentralized, code-governed store of value and ignoring the daily “noise,” but he has also made sure that he and Miami are at the forefront of the conversation about the future of finance and technology. His narrative is a strong reminder that in the era of new technology, the most effective things are sometimes done with money, not words.
