NYC mayor getting paid in Bitcoin suggests buying the dip
Should Eric Adams accept his first three paychecks in Bitcoin, he would likely acquire more than 1 BTC following the price drop to $42,948. Newly sworn-in New York City Mayor Eric Adams is already using his influence to speak publicly about buying the recent Bitcoin dip.In a Thursday interview with CNBC’s Squawk Box, Adams said he had not yet received his first paycheck as the mayor of New York City, but reiterated his aim to make the city a Bitcoin (BTC) and crypto hub. When co-anchor Andrew Ross Sorkin pointed out that the price of the crypto asset has “come down” — dipping as low as....
Related News
The mayor of New York City, Eric Adams, is not deterred by bitcoin’s volatility, noting that buying the dip could yield “a good profit.” He reiterated that he will receive his first three paychecks in bitcoin and will make New York City the center of blockchain technology.
New York Mayor Hints at Buying the Dip
The mayor of New York City, Eric Adams, is undeterred by the falling price of bitcoin. A former New York City police captain and Brooklyn borough president, Adams took office on Jan. 1 as the 110th mayor of New York City.
He was asked on....
A growing number of mayors in cities across the U.S. have said they want to be paid in bitcoin. The mayor of Miami said he is going to take his entire salary in the cryptocurrency, two other mayors will be converting their paychecks into bitcoin, and the mayor-elect of New York City will take his first three paychecks in crypto. More Mayors of US Cities Ask to Be Paid in Bitcoin A growing number of mayors in U.S. cities want to be paid in bitcoin. At the time of writing, at least three mayors and one mayor-elect have said that they will take their next paychecks in bitcoin. The first mayor....
Miami Mayor Francis Suarez is a big supporter of Bitcoin, recently telling FOX Business that he would be taking his salary in BTC. He’s also making it more attractive for citizens of Miami to get involved in the cryptocurrency by promising to be “the first city in America” to give a BTC yield paid out […]
Miami wants to overtake Silicon Valley as the most Bitcoin-friendly place in the U.S. Miami city employees could soon choose to get their salaries paid in Bitcoin rather than USD. In an interview with Forbes, Mayor Francis Suarez said tangible paths to expand Bitcoin's adoption throughout the city included enabling city employee salaries to be paid in BTC.Major figures in the cryptocurrency world have responded positively to the idea, with Twitter and Square CEO Jack Dorsey calling it “smart” on Twitter.Smart https://t.co/wxsQkbfPef— jack (@jack) February 2, 2021 Germini co-founder....
New York Mayor-Elect Eric Adams recently won the mayoral race for the city. On November 3rd, Adams became the second black man to be elected as mayor in the city of New York. The win was momentous in itself but Adams’s comments and stance on cryptocurrencies, bitcoin, in particular, have been what has pushed him into the limelight in recent days. The mayor-elect had made the news days after his election when he said that he planned to receive his first three paychecks in bitcoin. This was in response to Miami’s Mayor Francis Suarez’s comment that he was going to receive a paycheck in....