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The pro-Bitcoin mayor of Miami and the 2024 Republican Presidential Candidate, Francis Suarez, announced the end of his campaign. The news comes just days after Suarez announced that he would accept a salary in Bitcoin if he’s elected President of the United States.
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Strong Bitcoin Supporter
Suarez has been very vocal about his support for Bitcoin, and it was evident as he accepted donations in Bitcoin for his Presidential Campaign, making him one of the first few to support the oldest cryptocurrency openly. He was also equally vocal about his dislike for CBDCs and publicly against the development of CBDCs. In 2021, he made news by stating he would receive his entire paycheck in Bitcoin.
He positioned himself as a proponent of blockchain technology and its potential to bridge the wealth gap. According to him, cryptocurrencies offer democratizing opportunities for wealth creation; This aligned with his broader theme of inclusive prosperity aimed towards uplifting Hispanic communities.
What Led To Francis Suarez Exit From Presidential Candidacy?
Despite making a strong case for a competitive candidate, Suarez did not meet the qualifications of the Republican National Committee for the primary debate. Suarez suspended his campaign as he didn’t secure a spot on the debate stage. Also, the Republican Candidate list includes heavy hitters like Florida’s Governor Ron DeSantis and the multi-millionaire Vivek Ramaswamy, who has received support from the likes of Elon Musk.
Besides, the Democratic Presidential Candidate pool also consists of former U.S. President Donald J. Trump, who enjoys massive popularity not just in the US but also across the world. In some occasions Trump NFTs have surged by 400%, and all the controversy he’s embroiled in has only gained him more staunch supporters.
Suarez’s candidacy highlighted the growing significance of cryptocurrencies in American politics. His support for Bitcoin and blockchain technology showcased that many within the ranks of the U.S. government recognize the potential of blockchain. Despite ending his Presidential candidacy, Suarez has built a legacy that will inspire other political figures to embrace cryptocurrency and blockchain. He will always be remembered in the crypto community for his pro-crypto stance.
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