Miami Mayor Claims 300% Profit from Bitcoin Salary, Is it Really that Profitable?

Updated

November 7, 2025

Gambar Miami Mayor Claims 300% Profit from Bitcoin Salary, Is it Really that Profitable?

Jakarta, Pintu News – Miami Mayor Francis Suarez is back in the spotlight after revealing that he has now profited around 300% from his controversial decision to receive part of his salary in Bitcoin .

Amidst the crypto market turmoil that briefly pushed the price of Bitcoin below Rp1.67 billion ($100,000), Suarez emphasized that short-term volatility does not bother him, while stressing his belief in the long-term value of cryptocurrency as an asset with a transparent supply mechanism.

Suarez Claims He’s Not Afraid of Bitcoin Falling Below $100,000

Suarez asserts that he started receiving his Bitcoin salary when the price of BTC was around IDR 501 million ($30,000). With the price of Bitcoin having previously reached Rp2.00 billion ($120,000), he claims to have enjoyed profits of up to 400%.

According to Suarez, the daily fluctuations of the crypto market are nothing to worry about, especially for those who see Bitcoin as a long-term store of value with a strong technological foundation. He said that volatility is just part of the natural dynamics of the cryptocurrency market.

This statement comes at a time when global crypto markets are under heavy pressure, with many major assets registering significant corrections in recent weeks. However, Suarez emphasized that his main focus is not on the daily price of Bitcoin, but rather on macro developments such as the growth of decentralized finance , the widespread adoption of crypto, and its integration with artificial intelligence technologies. According to him, these are the factors that will determine the future direction of the digital economy.

Suarez Decision to Accept Salary in Bitcoin: A Bold Move in 2021

When Suarez announced in November 2021 that he would be the first public official in the US to receive a paycheck in Bitcoin, many saw the move as both bold and risky.

Amidst the uncertainty of cryptocurrency regulation in the US, Suarez’s decision positions him as one of the most pro-crypto political figures in the country. He expressed his desire to push Miami to become a center of blockchain and digital technology innovation.

However, there is a discrepancy in Suarez’s statement regarding the initial price of Bitcoin when he received his salary. In November 2021, Bitcoin was actually trading at around Rp1.07 billion ($64,000), not $30,000 as Suarez claimed.

However, he emphasized that he owned Bitcoin and Ethereum long before receiving his crypto salary, and has been supporting the development of the cryptocurrency market since 2020. This reinforces his position as an early proponent of blockchain technology among American public officials.

Also read: XRP Price Prediction: Poised to Jump 44%, Up 1.5x from Current Price?

Suarez’s Focus on the Future of Crypto and AI

Suarez said that what he highlights most is not the value of Bitcoin per se, but the huge evolution in the crypto and financial technology ecosystem. For him, the integration of blockchain, DeFi, and artificial intelligence will form the foundation of a new economic system that is more transparent and efficient. He believes that Bitcoin remains a superior asset due to its decentralized nature and supply controlled by code, rather than by traditional financial institutions.

Suarez’s optimistic statement reflects a long-term bullish sentiment amid volatile market conditions. While some investors have been hit by the sharp correction in cryptocurrencies, Suarez sees opportunity and thinks that the fundamentals of the digital technology remain strong. For him, fluctuations are just part of the journey towards greater and mature adoption.

Conclusion

The Miami Mayor’s claim of a 300% gain from his Bitcoin salary has reopened the discussion on the cryptocurrency’s long-term potential amid extreme market volatility. Despite data discrepancies regarding the initial price of BTC when he received his crypto salary, Suarez’s faith in the future of the digital economy remains unshaken. With a focus on blockchain, DeFi, and AI innovations, Suarez conveys the message that the future of finance lies in evolving technologies.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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