New York City’s newly elected Mayor Eric Adams has reiterated his promise to turn the city into a cryptocurrency hub by accepting his first three salary payments entirely in Bitcoin.
In a reply dated November 4 on Twitter Francis Suarez, who was re-elected for another term on Mars, Adams called That would match the Miami’s promise to accept his next payment entirely in Bitcoin (BTC) in addition to the next two payments. Assuming Adams accepts a base salary of $ 258,750, his monthly checks would be approximately $ 21,562 each, totaling 1.05 BTC at a cost of $ 61,268.
We always go big in New York, so I’ll take my first THREE paychecks in Bitcoin when I get older. NYC will be the hub of the cryptocurrency industry and other fast growing, innovative industries! Just wait!
to???? Eric Adams (@ericadamsfornyc) November 4, 2021
We always go big in New York, so I’ll get my first THREE bitcoin salaries when I’m mayor. New York is becoming the hub of the cryptocurrency industry and other fast growing innovative industries!
The jokes about the new New York mayor on social media come less than two days after winning the local election with 72.8% of the vote. He is expected to take office on Jan. 1, so there is always a chance the price of BTC could change significantly before Adams takes office. The cryptoasset has experienced significant volatility this month up more than 10% from less than $ 50,000 in early October to $ 61,268 at the time of writing.
Both Adams and Su¡rez, as political candidates and public officials, have campaigned for their cities to be cryptocurrency hubs in the United States. The mayor-elected said he plans to make New York City the “hub of bitcoins.” if he wins the elections while Su¡rez has been very open about his intentions to make Miami the city with “the most advanced cryptocurrency laws” in the United States.
Su¡rez ‘response to Adams’ BTC payment “challenge” suggests the Miami Mayor regards his race to adopt Bitcoin as anything but hostile. Adams is likely to get a lot more BTC off his checks, however, considering his annual salary is $ 258,750, up from Su¡rez’s estimated $ 97,000.
“Congratulations on your choice, called Suarez. “I’m looking forward to the friendly competition to turn our respective cities into a crypto capital. “
Both New York and Miami have been the focus of attention for many in the cryptocurrency space due to guidelines and events that set precedents. In June, at the Bitcoin 2021 conference in Miami, President Nayib Bukele announced his plans to convert BTC into legal tender in El Salvador. What’s more The New York attorney general has been responsible for many law enforcement cases against cryptocurrency companies, including Coinseed, Bitfinex, and Tether.