Miami Mayor Francis Suarez Accepts Bitcoin Donations for Presidential Campaign

9:24 pm
August 4, 2023

Miami Mayor Francis Suarez, who recently announced his candidacy for the 2024 presidential election, has made headlines again by accepting Bitcoin (BTC) donations for his campaign. Suarez, known for his support of Bitcoin, sees accepting cryptocurrency donations as a way to embrace the democratizing opportunities for wealth creation that technology can provide.

In an interview with a popular media TV outlet, Suarez stated, “Officially, my campaign is accepting bitcoin. This is a process of developing technologies that will create democratizing opportunities for wealth creation and will not be manipulated by a human being’s ulterior motives, political goals, and so on.”

Supporters can now donate as little as 0.00034BTC, equivalent to $1, on the mayor’s campaign website. This move further solidifies Miami’s reputation as a Bitcoin-friendly city.

Suarez’s View on CBDCs

Interestingly, while Suarez supports Bitcoin, he has expressed opposition to a central bank digital currency (CBDC). He believes that people do not want the federal government to have insight into their financial transactions and holdings.

In 2021, Suarez launched the MiamiCoin (MIA) with the aim of providing recurring Bitcoin stimulus payments to Miami citizens. The mayor has also been critical of the current US administration led by Joe Biden, specifically in regards to their lack of understanding of cryptocurrency and the need for clear regulations.

Frequently Asked Questions (FAQ)

Can I donate Bitcoin to Miami Mayor Francis Suarez’s presidential campaign?

Yes, you can donate Bitcoin to Mayor Suarez’s presidential campaign. The mayor has expressed his support for Bitcoin and is accepting BTC donations on his campaign website.

What is the minimum Bitcoin donation amount?

The minimum Bitcoin donation amount for Mayor Suarez’s campaign is 0.00034BTC, which is equivalent to $1.

Why is Mayor Suarez opposed to a central bank digital currency (CBDC)?

Mayor Suarez believes that individuals value their financial privacy and do not want the federal government to have access to their personal financial information. Therefore, he opposes the implementation of a central bank digital currency.

What is the MiamiCoin (MIA)?

MiamiCoin (MIA) is a cryptocurrency launched by Mayor Suarez in 2021. Its purpose is to provide recurring Bitcoin stimulus payments to Miami citizens.

Summary

Miami Mayor Francis Suarez, known for his support of Bitcoin, is now accepting BTC donations for his presidential campaign. Suarez views accepting cryptocurrency donations as a way to embrace the democratizing opportunities for wealth creation that technology can provide. In addition, he opposes the implementation of a central bank digital currency due to concerns about financial privacy. Miami’s embrace of Bitcoin continues to solidify its reputation as a cryptocurrency-friendly city.


Share:

More in this category ...

9:30 pm February 26, 2024

From Farm to Store: Exploring Blockchain’s Impact on Food Supply Chain Traceability

Featured image for “From Farm to Store: Exploring Blockchain’s Impact on Food Supply Chain Traceability”
5:38 pm February 26, 2024

Pullix (PLX) Gains Remarkable Momentum Leading Up to Highly Anticipated Market Debut

Featured image for “Pullix (PLX) Gains Remarkable Momentum Leading Up to Highly Anticipated Market Debut”
4:41 pm February 26, 2024

Enhancing Network Resilience through NS1 Connect Filter Chains

Featured image for “Enhancing Network Resilience through NS1 Connect Filter Chains”
1:55 pm February 26, 2024

From Centralization to Decentralization: Exploring the Benefits of Video Streaming On Blockchain

Featured image for “From Centralization to Decentralization: Exploring the Benefits of Video Streaming On Blockchain”
11:42 am February 26, 2024

Ethereum Price Surges Over $3,100: Potential Breakout on the Horizon

Featured image for “Ethereum Price Surges Over $3,100: Potential Breakout on the Horizon”
10:26 am February 26, 2024

Siacoin (SC) Surges to Highest Level in 2 Years as Investor Confidence Grows

Featured image for “Siacoin (SC) Surges to Highest Level in 2 Years as Investor Confidence Grows”
6:23 am February 26, 2024

The Power of Blockchain in Fashion Retail: Enhancing Customer Experience and Trust

Featured image for “The Power of Blockchain in Fashion Retail: Enhancing Customer Experience and Trust”
3:14 am February 26, 2024

As Bitcoin holds key level, investors are aware of Bitcoin Dogs

Featured image for “As Bitcoin holds key level, investors are aware of Bitcoin Dogs”
11:45 pm February 25, 2024

Exploring Top Proof Of Work Blockchains Similar to Bitcoin

Featured image for “Exploring Top Proof Of Work Blockchains Similar to Bitcoin”
10:53 pm February 25, 2024

A Step-by-Step Explanation of Tokenizing Renewable Energy Certificates

Featured image for “A Step-by-Step Explanation of Tokenizing Renewable Energy Certificates”
3:23 pm February 25, 2024

Strengthening Your Online Identity: Leveraging Blockchain for Fraud Prevention

Featured image for “Strengthening Your Online Identity: Leveraging Blockchain for Fraud Prevention”
12:50 pm February 25, 2024

US Prosecutors Request Former Binance CEO Zhao to Surrender Passports

Featured image for “US Prosecutors Request Former Binance CEO Zhao to Surrender Passports”
11:47 am February 25, 2024

Uniswap’s Remarkable 71% Surge Sparks Excitement in the Crypto Market

Featured image for “Uniswap’s Remarkable 71% Surge Sparks Excitement in the Crypto Market”
7:53 am February 25, 2024

The Future of Cloud Computing: Embracing Decentralization for Enhanced Privacy and Control

Featured image for “The Future of Cloud Computing: Embracing Decentralization for Enhanced Privacy and Control”
5:39 am February 25, 2024

Pangolin (PNG) Price Surges 234% in a Day amidst Bitcoin Dogs Craze

Featured image for “Pangolin (PNG) Price Surges 234% in a Day amidst Bitcoin Dogs Craze”
12:22 am February 25, 2024

Blockchain and Wine Investing: Uncovering New Opportunities in the Digital Era

Featured image for “Blockchain and Wine Investing: Uncovering New Opportunities in the Digital Era”
11:50 pm February 24, 2024

Solana Breaks Below Key Moving Average on 4-Hour Chart, SOL Price at Risk?

Featured image for “Solana Breaks Below Key Moving Average on 4-Hour Chart, SOL Price at Risk?”
10:27 pm February 24, 2024

Cardano’s ADA Approaches Critical Level with Analyst Predicting Potential Correction

Featured image for “Cardano’s ADA Approaches Critical Level with Analyst Predicting Potential Correction”
6:04 pm February 24, 2024

Exploring the Various Applications of Conversational AI in Enterprises

Featured image for “Exploring the Various Applications of Conversational AI in Enterprises”
4:49 pm February 24, 2024

Tokenize Your Fandom: How Sports Fans Can Benefit from Tokenized Assets

Featured image for “Tokenize Your Fandom: How Sports Fans Can Benefit from Tokenized Assets”
3:14 pm February 24, 2024

FTX Reaches $33 Million Settlement to Sell European Subsidiary back to Original Owners

Featured image for “FTX Reaches $33 Million Settlement to Sell European Subsidiary back to Original Owners”
11:52 am February 24, 2024

Analyst Forecasts $40 Target For Chainlink (LINK)

Featured image for “Analyst Forecasts $40 Target For Chainlink (LINK)”
9:19 am February 24, 2024

The Trustworthy Future: How Blockchain is Combating Counterfeit Products

Featured image for “The Trustworthy Future: How Blockchain is Combating Counterfeit Products”
6:25 am February 24, 2024

How to implement the General Data Protection Regulation (GDPR)

Featured image for “How to implement the General Data Protection Regulation (GDPR)”
1:49 am February 24, 2024

Securing Content: How Decentralized Distribution Networks Enhance Data Privacy

12:42 am February 24, 2024

Gauntlet Ends Aave Partnership Amidst Disagreements on DAO Governance

11:55 pm February 23, 2024

Crypto Experts Express High Confidence in XRP Price with Multiple Price Targets in Sight

Featured image for “Crypto Experts Express High Confidence in XRP Price with Multiple Price Targets in Sight”
6:46 pm February 23, 2024

IBM Cloud delivers enterprise sovereign cloud capabilities

6:19 pm February 23, 2024

Blockchain’s Role in Secure and Efficient Drug Distribution: Transforming Pharmaceutical Logistics

5:30 pm February 23, 2024

Reddit adds Bitcoin and Ethereum as retail interest in crypto fuels Bitbot’s presale