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.