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Pro-Bitcoin Candidate Bows Out of 2024 US Presidential Race

2 mins
Updated by Geraint Price
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In Brief

  • Pro-Bitcoin presidential candidate Miami Mayor Francis Suarez has pulled out of the 2024 presidential race.
  • Suarez failed to meet the eligibility criteria for the Republican National Committee debate in Milwaukee last week.
  • Already, things are looking bleak for other pro-Bitcoin presidential hopefuls, as revealed in current polls.
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Pro-Bitcoin Miami mayor Francis Suarez affirmed that he will end his 2024 presidential campaign. The mayor of the sunglasses-loving city reportedly failed to meet the requirements set by the Republican National Committee to make the first presidential debate in Milwaukee last week. 

Despite his withdrawal, the Miami mayor confirmed his commitment to “making this a better nation for every American.” Two months ago, he registered his bid to run for the 2024 presidency and ran alongside fellow Floridians, former president Donald Trump, and Governor Ron DeSantis.

Suarez Re-Affirms Commitment to Hispanic Cause

Despite pulling out, Suarez pledged his commitment to the Hispanic community he hails from. The Miami mayor was born to Cuban immigrants Xavier and Rita Suarez.

“I will continue to amplify the voices of the Hispanic community – the fastest-growing voting group in our country.”

Suarez was the first US mayor to take his paycheck in Bitcoin with the help of payments company Strike. His campaign raised Bitcoin (BTC) donations and sold raffle tickets to see soccer star Lionel Messi play for his new club, Inter Miami.

What is Bitcoin? Read our primer on the essentials here.

Last year, Miami was the first city to launch CityCoins, an initiative to promote crypto education and lower taxes.

Popularity of Another Floridian Pro-Bitcoin Candidate Haunted by Trump Legacy

Suarez’s now former Republican presidential opponent, state governor Ron DeSantis, sought a slice of the growing cryptocurrency demographic by promoting the industry. Earlier this year, he signed a bill creating a framework for digital currencies, attracting several firms.

Still, he faces stiff competition from the millions of Trump supporters. The gap between DeSantis and has widened significantly since DeSantis first signaled his intention to run.

Accordingly, the presidential hopeful has enlisted his chief of staff, James Uthmeier, to turn his campaign around. DeSantis currently trails Trump by 44 points in the polls.

Popularity of pro-Bitcoin candidates pale in comparison to former president Trump. Francis Suarez, Miami Bitcoin mayor
Current Popularity of 2024 Presidential Candidates | Source: FiveThirtyEight

Ohio businessman Vivek Ramaswamy is another pro-crypto presidential candidate to watch out for. While having no former political experience, the 37-year-old has proven popular with Americans, with 53% of respondents to a Morning Consult poll, regarding him favorably.

Got something to say about the withdrawal of pro-Bitcoin candidate Miami mayor Francis Suarez from the 2024 presidential race, or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTokFacebook, or X (Twitter).

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David Thomas
David Thomas graduated from the University of Kwa-Zulu Natal in Durban, South Africa, with an Honors degree in electronic engineering. He worked as an engineer for eight years, developing software for industrial processes at South African automation specialist Autotronix (Pty) Ltd., mining control systems for AngloGold Ashanti, and consumer products at Inhep Digital Security, a domestic security company wholly owned by Swedish conglomerate Assa Abloy. He has experience writing software in C...
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