LiteBit

24 days ago

Pay me in Bitcoin: New York’s mayor Eric Adams gets his paychecks in BTC

Many Bitcoiners have pointed it out in the past. To make the global revolution happening one needs to demand to be paid directly in Bitcoin. It appears that in Miami the first politician is making a move towards the new global currency and is asking to receive his next paycheck in Bitcoin. Why is this happening, why is the mayor of New York following this example and how is this announcement important for the global market?

Eric Adams just got elected

Adams has won the election and will become New Yorks’s new mayor. He is not only the second Afro-American mayor but apparently also into Bitcoin. Adams replied via Twitter to Miami’s Mayor Francis Suarez, who vouched to take his next paycheck in Bitcoin. According to Adams New Yorkers are into big things and he would like to get his next three paychecks in Bitcoin.

New York is the home of Wall Street and is also aiming to become a relevant hotspot for the blockchain and crypto industry. While banks and Wall Street have missed out on the train for a long time, they are now realizing that it is time to adapt to the new situation. They are the biggest players on the market, but for how long if they don’t take the opportunity.

Mayor Adams has understood that New York has to go all-in into crypto and that the industry will become important for the city.

This is just the beginning

The market is heating up. Altcoins have seen gains in the last couple of weeks, while Bitcoin is still struggling to reach 70.000 US-Dollars. With the two mayors battling each other over the question of which city is to become the epicentre of the US crypto industry, this shows us two things.

First of all, the US is late for the party. Businesses are dependent on regulation and most of it has been worked out only recently. The second aspect is even more important. We are early and most retail investors who got into the market over the last two years are going to experience a lot of edge over banks and institutional investors.

New York is just the beginning of a US industry trying to make things right and attract more business. And it seems that with mayor Adams there is a strong proponent sitting in the office who will do what is necessary to reach that goal. Can anything be more bullish?

Trade anytime, anywhere

Boost your trading impact and reaction time in over 40+ cryptocurrencies via instant access to your portfolio with the LiteBit app.

App StoreGoogle Play Store
App StoreGoogle Play Store
download-app