New York City Mayor-Elect Eric Adams Will Take First 3 Paychecks in Bitcoin, Promises to Make NYC Center of Crypto

New York City Mayor-elect Eric Adams says that he will take his first three paychecks in bitcoin. He has also promised to make NYC the center of crypto. “NYC it’s going to be the center of the cryptocurrency industry and other fast-growing innovative industries,” he said.

Eric Adams’ Bitcoin and Crypto Promises

New York City Mayor-elect Eric Adams said he wants to turn NYC into a crypto-friendly city and will also take his first three paychecks in bitcoin.

Replying to a tweet made by Miami Mayor Francis Saurez that he will take 100% of his next paycheck in bitcoin, Adams wrote: “In New York, we always go big, so I’m going to take my first three paychecks in bitcoin when I become mayor.” He added: “NYC it’s going to be the center of the cryptocurrency industry and other fast-growing innovative industries.”

Many people on Twitter see Adams’ statement as very bullish. At the time of writing, his tweet has been liked 14.1K times and retweeted 2,906 times. Many simply tweeted “bullish” in response. Galaxy Digital CEO Mike Novogratz wrote, “I love NY.”

Angel investor Balaji Srinivasan tweeted:

Impressive. With a greenlight from the mayor, we might allow any city employee to take some of their salary in BTC. And repeal the Bitlicense to make NYC more competitive on web3.

Adams has also waged a “friendly competition” with Mayor Suarez, who is actively trying to turn Miami into a bitcoin hub of the U.S. and the world. Suarez has also been re-elected as the mayor of Miami.

In an interview with Bloomberg Wednesday, the NYC mayor-elect explained that Suarez “has a Miamicoin that is doing very well.” He added: “We’re going to look in the direction to carry that out.” Adams further promised to “look at what’s preventing the growth of bitcoin and cryptocurrency in our city.”

In June, Adams made a promise to his supporters: “In one year, one year, you’re going to see a different city … We’re going to bring businesses here. We’re going to become the center of life science, the center of cybersecurity, the center of self-driving cars, drones, the center of bitcoins. We are going to be the center of all technology.”

What do you think about Eric Adams’ promise to make NYC a crypto center and saying he will take his first three paychecks in bitcoin? Let us know in the comments section below.

Tags in this story

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer


Articles You May Like

Are Oil Stocks Still a Good Buy?
Rivian, Infrastructure Bill & EV ETFs in Focus