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The mayor of Miami plans to take his 401(k) retirement savings partly in bitcoin, as he promotes the city's crypto credentials
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Miami's mayor, Francis Suarez, is looking to take some of his retirement savings in bitcoin, having already started collecting his wages in the leading cryptocurrency.
Suarez told RealVision on Friday that he is exploring how he can receive part of his 401(k) pot in bitcoin, and that he expects to start making payments to it in the token by next year.
«It's a personal choice. I just think it is a good asset to be invested in,» he told Real Vision's managing editor at the financial analysis outlet's TakeOver event.
«Obviously, it's going to appreciate over time. It's one that I believe in,» he added.
The Miami city leader, who was recently re-elected as mayor, uses an app called Strike to get his salary in bitcoin. In
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