New York City Mayor-elect Eric Adams says his first three paychecks will be in bitcoin

New York Metropolis Mayor-elect Eric Adams introduced Thursday that he’ll take his first three paychecks in bitcoin — one-upping Miami’s crypto-friendly mayor, who said earlier this week that he would take his subsequent paycheck within the digital forex.

“In New York we all the time go huge, so I’m going to take my first THREE paychecks in Bitcoin once I grow to be mayor,” Adams tweeted Thursday, ramping up his efforts to court docket crypto entrepreneurs.

“NYC goes to be the middle of the cryptocurrency business and different fast-growing, revolutionary industries! Simply wait!”

Each Adams’ and Miami Mayor Francis Suarez’s bulletins got here in response to crypto investor and co-founder of Morgan Creek Digital Belongings Anthony Pompliano, who tweeted Tuesday, “Who’s going to be the primary American politician to just accept their wage in bitcoin?”

It’s not the primary time Adams has traded jabs with Suarez, who has staked a lot of his political repute on remaking Miami into the capital of the burgeoning cryptocurrency sector.

In June, Adams shot back at Suarez after the Miami mayor stated Massive Apple residents would be better off in the Sunshine State due to its low taxes and property costs.

Weeks later, Adams pledged to make New York Metropolis “the middle of Bitcoins.”

Since cruising to victory within the Gotham mayoral race earlier this week, Adams has more and more talked about embracing bitcoin and the broader cryptocurrency business.

On Wednesday, he vowed to reshape the Big Apple into a crypto-friendly city and challenged Suarez to a “pleasant competitors.”

“He has a MiamiCoin that’s doing very nicely — we’re going to look within the path to hold that out,” Adams stated Wednesday in an interview with Bloomberg Radio, referring to the so-called CityCoin cryptocurrency Suarez arrange.

Adams added that he’s going to “have a look at what’s stopping the expansion of bitcoin and cryptocurrency in our metropolis.”

The Democrat additionally emphasised the necessity for New York Metropolis to arrange an area workforce for jobs within the increasing business.

“We will’t have a one-sided metropolis the place sure teams and areas are doing nicely,” he instructed Bloomberg.SEE ALSOMiami Mayor Francis Suarez says he’ll take next paycheck in bitcoin

He added that in Brooklyn, the place he’s served as borough president, there’s been a 356 p.c improve in tech startups over the previous 10 years.

Adams additionally emphasised that he’s been ramping up his conferences with tech startups and entrepreneurs each regionally and internationally.

In a separate interview later Wednesday on Bloomberg Television, Adams pledged extra usually to make New York Metropolis extra business-friendly.

“We’re too bureaucratic, too costly, and too tough to do enterprise,” Adams stated. “Our companies — they go into companies and are in search of methods to penalize or advantageous them. We’re altering that environment altogether.”

“That is the Empire State, and we’re going to construct empires.”

The value of bitcoin — the most important cryptocurrency on the planet — has soared this 12 months as cryptocurrencies gained reputation and have been embraced by main US firms and traders.


was final seen exchanging palms at over $62,000, up 1 p.c from 24 hours in the past, however nonetheless up greater than 27 p.c from a month in the past.

This story originally appeared on | New York Metropolis Mayor-elect Eric Adams says his first three paychecks will probably be in bitcoin


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