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The Mayor of New York believes the drop in Bitcoin prices is an opportunity to buy

January 8, 2022 - Around 2 mins mins to read

The Mayor of New York City, Eric Adams, is not deterred by the decline in Bitcoin and states that buying the Dip can bring “good returns”.

The mayor of NYC is not deterred by the drop in the price of Bitcoin and says that slumps in purchases can bring good returns

Adams, a former New York City Police Chief and District President of Brooklyn, took office as the 110th Mayor of New York City on January 1, 2022. Last November, the mayor announced that he would receive his first three salaries in bitcoin.

In an interview with CNBC on Thursday (Jan. 6), Adams shared his thoughts on this week’s price drop and its impact on wages paid in Bitcoin:

“Sometimes the best time to buy is when things are down. So when things go up again you will be profitable.”

“Yes, I will receive my first three payments in Bitcoin,” Adams confirmed, but noted that “I have not received them yet”.

Adams repeats his crypto plans:

“I think we have to use blockchain technology, bitcoin and all sorts of other technologies. I want New York City to become a technology hub, so I’m looking forward to my first BTC salary. “

At the time of writing, BTC has fallen more than 10% in the last seven days and is currently trading at $ 41,778.

The mayor of NYC is not deterred by the drop in the price of Bitcoin and says that slumps in purchases can bring good returns

BTC price chart | Source: Tradingview

Several other US mayors such as Mayor Francis Suarez of Miami, Scott Conger of Jackson and Jane Castor of Tampa have also announced that they want to receive their salaries in BTC .

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Market

The Mayor of New York believes the drop in Bitcoin prices is an opportunity to buy

The Mayor of New York City, Eric Adams, is not deterred by the decline in Bitcoin and states that buying the Dip can bring “good returns”.

The mayor of NYC is not deterred by the drop in the price of Bitcoin and says that slumps in purchases can bring good returns

Adams, a former New York City Police Chief and District President of Brooklyn, took office as the 110th Mayor of New York City on January 1, 2022. Last November, the mayor announced that he would receive his first three salaries in bitcoin.

In an interview with CNBC on Thursday (Jan. 6), Adams shared his thoughts on this week’s price drop and its impact on wages paid in Bitcoin:

“Sometimes the best time to buy is when things are down. So when things go up again you will be profitable.”

“Yes, I will receive my first three payments in Bitcoin,” Adams confirmed, but noted that “I have not received them yet”.

Adams repeats his crypto plans:

“I think we have to use blockchain technology, bitcoin and all sorts of other technologies. I want New York City to become a technology hub, so I’m looking forward to my first BTC salary. “

At the time of writing, BTC has fallen more than 10% in the last seven days and is currently trading at $ 41,778.

The mayor of NYC is not deterred by the drop in the price of Bitcoin and says that slumps in purchases can bring good returns

BTC price chart | Source: Tradingview

Several other US mayors such as Mayor Francis Suarez of Miami, Scott Conger of Jackson and Jane Castor of Tampa have also announced that they want to receive their salaries in BTC .

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

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