, a year ago
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?
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.
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?
Jan 26, 2023
When Elon Musk announced in early 2021 that Tesla would become a Bitcoin company, investing in Bitcoin and accepting BTC for payments, the market went crazy. Alas, Elon turned down the Bitcoin community later when Tesla renounced its plans to accept BTC. The story took another unfortunate turn last year after Tesla sold a sizeable portion of Bitcoin.
Jan 24, 2023
Play to earn is closely connected to NFTs and blockchain gaming. Most of our dear readers might have already heard of the concept behind these games. But have you ever heard about listening to earn? This could be a brand-new thing and help you, your friends, and your family to earn some Bitcoin while being entertained or educated.
Jan 23, 2023
A solo miner of unknown identity had the day of his life. With the mining power equivalent to a single old miner, he won a Bitcoin block subsidy last Friday, outcompeting giant server farms for at least that one block. The odds of winning a block with such low power is only once in 500 years.
Jan 16, 2023
With the hash rate recovering and the difficulty reaching a new all-time high in 2023, Bitcoin seems to recover completely from the bear market. Is this the end of miner capitulation, and will this trend contribute to the ongoing price recovery in the crypto market?