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”.
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.”
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.
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
Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…
As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…
With the crypto market reaching new peaks, many are eager to discover digital currencies poised…
XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…
Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…
There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…
This website uses cookies.