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Miami Mayor Suarez Tells Davos He Still Takes Salary in Bitcoin

Francis Suarez
Francis SuarezSource: Bloomberg

Miami Mayor Francis Suarez said he’s still taking his city salary in Bitcoin even after a rout that sent the cryptocurrency down almost 40% over the past two months.

“I will note, for the record, that it’s not my only salary,” he told a panel at the World Economic Forum in Davos, Switzerland, on Tuesday. “It’s a different decision than if a person was deciding to take their salary in Bitcoin if it was the only source of income for them.”