 Bitcoin is the most powerful, most decentralized, most unhackable and most powerful force for democratization in the planet. This is Francis Suarez, the mayor of Miami, also known as the Bitcoin mayor. Suarez has been on a mission to transform Miami into a global crypto hub. He proposed a plan that will allow residents to pay taxes and receive salaries in Bitcoin. Last year, he became the first U.S. lawmaker to accept crypto as part of his salary. In this video, Suarez explains why Bitcoin has all the chances to become a truly global currency. Hello everyone, I have an honor and a pleasure and I don't know what actually is more for me today to have the Mayor Francis Suarez. Thank you so much for coming. How do you feel here, the difference between maybe Bitcoin Miami and the WEF? What is the reception toward crypto and blockchain here? Well, Bitcoin Miami is all about Bitcoin and obviously it's the sort of central point at which people celebrate this generational technology. I think here at the World Economic Forum, it's more of an evangelist role that I play, right? Where I'm teaching people and trying to evangelize why this is technology that is generational and going to impact, hopefully, positively the lives of many, many, many people. So it's a bit of a different role. You know, in Bitcoin Miami, I'm hometown, you know, it's home turf. Here it's like playing in a way game. Awesome. Thank you so much. So what is your main goal? Do you want everyone to use Bitcoin and crypto in the U.S. and then become a global currency or do you have other ideas, ideal ideas that you would like to promote to the world? I think Bitcoin as a global currency is very realistic and very possible and it could have a tremendous democratizing opportunity and also an opportunity to disrupt socialist regimes because you can't control the currency and it can be interchanged peer-to-peer and then it will have a stable global trading market. So I think that's what makes Bitcoin revolutionary, that and the fact that it's not human controlled in terms of the algorithm so that you don't have things like hyperinflation, you know, the inflationary quotient of Bitcoin is known in the halving schedule. So we know exactly what to expect and I think that creates trust, which is what currency systems should be based on. You have started receiving your salary in Bitcoin last November, so what do you do with your Bitcoin? Do you hardlet? I hardlet. I think it's something that is going to, I personally believe it's going to gain value over time, but frankly I don't do it about for that reason. You know, I think, I believe in the technology. I think it will gain value but I don't do it strictly as an investment. It's not like I'm going to try to gain a certain amount and then sell it. I'm holding it because I believe in the technology and I think that maybe one day I'll give it to my children and they'll use it or they'll be able to buy a home with it or who knows. But it's technology that I fundamentally believe and I can allocate that amount of resources in my life to that investment and I'm comfortable with it. Do you initiate to crypto your relatives and friends? Yeah, I think, you know, I think all my friends and relatives come to me constantly for questions because I'm kind of known as the Bitcoin mayor, the crypto mayor of the world. So they kind of come to me with questions about should I invest in this? Should I do this? And so it certainly makes for interesting family conversations. So is it more crypto or Bitcoin? Are you a Bitcoin maximalist or no? Oh yes. I'm certainly, I believe that Bitcoin is the most powerful, most decentralized, most unhackable and most powerful force for democratization in the planet. And that's that's what it is. I mean, and I think that's what it's proven to be, right? It's been a 10 year plus journey for Bitcoin. And I think nothing that I've seen has proven otherwise. Today at Davos, CEO of Mastikat said that, in his opinion, Swift will be dead in five years. What else do you think will be dead soon? I'll tell you what, I don't disagree with him on that. You know, I think Mastikat is one of the payment processing companies that is really going in on things like Bitcoin and crypto. And I think that's necessary because one of the missing pieces in the utility piece is that processing piece. And so, you know, exchanges have sort of played that role. But I think you when you have someone that can process a number of transactions that Mastikat can process in a second. You have a and by the way, then the infrastructure is already there. So you don't need to reinvent the wheel if you if you will. So I think the fact that someone like that is so into and we're doing a ton of partnerships with Mastikat, by the way. I think the fact that a company like Mastikat is leaning in is hugely important. Thank you. Thank you very much. Enjoy Davos.