The Mayor of New York City was not deterred by the fall in Bitcoin prices, saying that buying on dips may generate “good profits” – Markets and Prices Bitcoin News

The Mayor of New York City, Eric Adams, was not deterred by Bitcoin’s volatility. He pointed out that buying on dips may generate “great profits.” He reiterated that he will receive the first three salaries in Bitcoin and will make New York City the center of blockchain technology.

The mayor of New York hints at low prices

The Mayor of New York City, Eric Adams, was not deterred by the fall in Bitcoin prices. As the former New York City Police Chief and Brooklyn District Mayor, Adams took office as the 110th Mayor of New York City on January 1.

He was asked on CNBC on Thursday that since he said last year that he would Take his first three salaries exist Bitcoin.

Commenting on the price of Bitcoin this week and how it will affect his salary if he pays in cryptocurrency, the new mayor of New York City smiled and said:

Sometimes the best time to buy is when the stock price drops, so when the stock price rises, you get a huge profit.

“Yes, I will pay my first three salaries in Bitcoin,” Adams confirmed, but pointed out, “I haven’t received my first check.”

He reiterated his encryption plan: “I think we need to use blockchain technology, Bitcoin, [and] All other forms of technology. I want New York City to be the center of this technology, so I am looking forward to Bitcoin’s first salary. “

At the time of writing, the price is Bitcoin It has fallen by more than 13% in the past 7 days.According to data from, it is currently $41,364 market.

The Mayor of New York City was not intimidated by the falling Bitcoin price, suggesting to buy on dips
Bitcoin price chart on January 7. Source: Markets.

Several other U.S. city mayors said that they also want to be Pay in Bitcoin, Including Mayor Francis Suarez of Miami, Florida; Scott Conger of Jackson, Tennessee; and Jane Castor of Tampa, Florida.

Miami Mayor Suarez said last year that he hopes to get his full salary in Bitcoin. He recently accepted the post of chairman of the United States Conference of Mayors.

“I will ask my friends, my brothers and sisters, and the mayor of this country to sign the mayor encryption agreement because we need to play a leadership role without leadership,” he said on Monday. “We need to ensure that our regulatory system reflects future success, rather than stifling success.”

Tags in this story

Bitcoin, Bitcoin salary, Buy dipping sauce, Eric Adams, Eric Adams Bitcoin, Eric Adams buys on dips, Eric Adams Encrypted, Eric Adams cryptocurrency, Eric Adams cryptocurrency, Francis Suarez, Pay in Bitcoin, Greater miami, New York City, New York City Bitcoin, Mayor of new york

What do you think of the mayor of New York City’s stance on Bitcoin and his plan to get paid Bitcoin? Please let us know in the comments section below.

Kevin Helms

As a student of Austrian economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.

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