The Bitcoin-loving mayor of Miami is joining the US presidential election campaign

The Bitcoin-loving mayor of Miami is joining the US presidential election campaign

Francis Suarez - the mayor of Miami - filed documents to run for president of the United States. He will be a candidate for the Republican Party and will try to prevail against household names like Donald Trump and Ron DeSantis.

Suarez is an outspoken supporter of Bitcoin and his government has launched numerous initiatives focused on the asset. He was also the first US politician to receive his salary in BTC instead of fiat currency.

The latest candidate is a Bitcoin fan

As the 2024 U.S. presidential election approaches, more and more people are joining the race to become the nation's next political leader. A recent onesubmissionshowed that the last time this was done was 45-year-old Francis Suarez, who is currently serving his second term as mayor of Miami.

Under his rule, Florida's financial heartland experienced something of a digital revolution. On the one hand, his cabinet digitized the process for obtaining a license to start a business, making the city much more attractive for entrepreneurs and investors.

Suarez is also a big supporter of the cryptocurrency industry, especially Bitcoin. The politician who invested part of his wealth in BTC andreceivehis salary in the primary digital asset, previouslycalledthe city could invest 1% of its treasury reserves in it.

The mayor's administration has as wellconsideredAcceptance of Bitcoin as a means of payment for taxes and salaries of public employees.

Suarez enjoys solid support in Miami, winning nearly 80% of the vote in the last mayoral election. However, he enters the competition for the office of head of state as an outsider, as he has to prevail against former President Donald Trump and Florida Governor Ron DeSantis to become the Republican Party's candidate.

Francis Suarez, NBC News

The Democrats also have a BTC supporter

Similar to their rivals, the “Dems” also have a candidate who has shown his affection for Bitcoin, and his name is Robert F. Kennedy Jr. (nephew of former President John F. Kennedy).

He recentlycriticizedthe Federal Reserve, which collaborated with several banks to print huge amounts of US dollars between 2008 and 2022, which had a negative impact on the US financial system. Kennedy believes Bitcoin could serve as a lifeboat amid the heated turmoil:

“Cryptocurrencies like Bitcoin offer the public a way out of the splatter zone when this bubble inevitably bursts. So the White House is colluding with the banksters to keep us all trapped in the bubble of profiteering and control.”

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