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Miami to offer every citizen Bitcoin dividend, says Mayor Suarez By BTC Peers

by Mike Robinson

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© Reuters Miami to offer every citizen Bitcoin dividend, says Mayor Suarez

The Bitcoin-friendly Mayor of Miami, Francis Suarez, is making crypto exposure more appealing to the citizens of the city by promising to be “the first city in America” to give a BTC yield that would be paid out “as a dividend directly to its residents.”

The city of Miami is seeing a lot of interest in Bitcoin. Holding Bitcoin already offers many advantages, and according to comments from Mayor Francis Suarez, the city’s population of almost half a million residents could end up receiving BTC as dividends.

Dividends, which are usually paid to shareholders from the company’s profits, are a common practice in stock markets. The mayor’s plan isn’t clear.

In recent years, Miami has been a reliable haven for crypto currency. The city supports an annual conference and other events.

Suarez is among several US cities mayors who have pledged to get a portion or all of their salary in BTC. Eric Adams, New York City’s mayor-elect, stated that he would receive his three first paychecks in Bitcoin, as part of his plan to make his city a crypto hub.

At the Mayoral level, Bitcoin fever is spreading quickly as Scott Conger, Jackson, Tennessee Mayor, and Jane Castor, Tampa Mayor, both plan to make their cities a Bitcoin-friendly area. There are many supporters of Bitcoin in both the House and Senate.

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