NYC Mayor Undeterred by Falling Bitcoin Price, Says Buying the Dip Could Yield ‘Good Profit’

The politician of New York City, Eric Adams, is not deterred by bitcoin’s volatility, noting that buying the dip could output “a bully profit.” He reiterated that helium volition person his archetypal 3 paychecks successful bitcoin and volition marque New York City the halfway of blockchain technology.

New York Mayor Hints astatine Buying the Dip

The politician of New York City, Eric Adams, is undeterred by the falling terms of bitcoin. A erstwhile New York City constabulary skipper and Brooklyn borough president, Adams took bureau connected Jan. 1 arsenic the 110th politician of New York City.

He was asked connected CNBC Thursday whether helium has been paid successful bitcoin since helium said past twelvemonth that helium volition take his archetypal 3 paychecks successful BTC.

Commenting connected the terms of bitcoin this week and however it would person affected his paychecks if helium had been paid successful the cryptocurrency, the caller politician of New York City laughed and said:

Sometimes the champion clip to bargain is erstwhile things spell down, truthful erstwhile they spell backmost up, you’ve made a bully profit.

“Yes, I’m going to instrumentality my archetypal 3 paychecks successful bitcoin,” Adams confirmed, but noted, “I haven’t received my archetypal cheque yet.”

He reiterated his crypto plans: “I deliberation we request to usage the exertion of blockchain, Bitcoin, [and] each different forms of technology. I privation New York City to beryllium the halfway of that exertion truthful I’m looking guardant to that archetypal paycheck successful bitcoin.”

At the clip of writing, the terms of BTC has fallen much than 13% wrong the past 7 days. It is presently $41,364 based connected information from Bitcoin.com Markets.

Bitcoin’s terms illustration connected Jan. 7. Source: Bitcoin.com Markets.

A fewer different U.S. metropolis mayors person said that they besides privation to beryllium paid successful bitcoin, including Mayors Francis Suarez of Miami, FL; Scott Conger of Jackson, TN; and Jane Castor of Tampa, FL.

Miami Mayor Suarez said past twelvemonth that helium wants to person his full wage successful bitcoin. He precocious accepted the relation of the president of the U.S. Conference of Mayors.

“I’m going to inquire my friends, my brothers and sisters, the mayors of this state to motion connected to a mayoral crypto compact, due to the fact that we request to pb successful the lack of leadership,” helium said Monday. “We request to marque definite that our regulatory strategy embodies occurrence into the aboriginal alternatively of stifling success.”

What bash you deliberation astir the New York City mayor’s stance connected bitcoin and his program to get paid successful BTC? Let america cognize successful the comments conception below.

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