• Miami Mayor announces plans to move his retirement savings into
• According to him, he would do it if it was his choice.
• It comes just days after he was described as the first American lawmaker to be paid in Bitcoin.

Francis Suarez of Miami, the Mayor, has announced that he will receive Bitcoin (BTC) from his 401k retirement savings. He made this announcement a few days after he became the first US lawmaker accepting part of his salary in BTC – powered by a third-party payment processor, Strike.

Suarez said that he doesn’t plan to do this just for fame or to hype Bitcoin in any way. Instead, he plans to eventually take part of his retirement savings in BTC based on his “personal choice” with no influence from anyone.

This is just a great asset. I think it’s going to appreciate over time. It’s one that I believe in.

According to him, Miami’s government still accepts BTC payments from residents. It is an explosive thing that Miami is doing in order to embrace digital innovation in the country and Bitcoin in particular.

He also reiterated that Bitcoin’s success and victory are tied to its trust in the blockchain. It is open-source and unmanipulated, which makes it even more attractive. Mayor Suarez will be able to create a suitable system with the help of Bitcoin.

The Mayor of Miami has made it clear that he will give Bitcoin dividends to all eligible residents.

He stated,

We’re going to create digital wallets for our residents. And we’re going to give them Bitcoin directly from the yield of MiamiCoin.

The prime motive behind the Suarez bitcoin’s giveaway is to drive huge adoption to transform BTC’s presence in the county.

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