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NY Mayor Flaunts Bitcoin Paycheck Profits Amid BTC Reserve Talks
The post NY Mayor Flaunts Bitcoin Paycheck Profits Amid BTC Reserve Talks appeared on BitcoinEthereumNews.com. New York City Mayor Eric Adams, known for his unique public persona, recently spotlighted the significant growth in his Bitcoin (BTC) holdings during a press conference. The ongoing BTC price surge has prompted Adams to revisit a controversial decision he made upon assuming office. NY Mayor Doubles Down on Support for Bitcoin “Remember y’all laughed at me when I first got my Bitcoin,” Adams said, referencing his early decision to accept his first three paychecks in BTC and Ethereum (ETH) in January 2022. He sarcastically questioned, “Who’s laughing now?” When Adams became mayor, he opted to convert roughly $30,000 of his salary into crypto. At the time, his move was both celebrated and criticized. His most recent financial disclosure statement from 2023 suggests his BTC assets were valued between $5,000 and $54,999 by the end of last year. BTC price has since skyrocketed, gaining over 129% this year to approach the $100,000 mark. Ethereum, the second-largest crypto by market capitalization, has also seen significant growth, climbing 63% year-to-date to approximately $3,700. This indicates massive profits for Adams, however, the exact amount isn’t known yet. “Go look at my Bitcoin now,” Adams remarked to reporters. “You all mock me. ‘You’re taking your first three paychecks in Bitcoin. What’s wrong with you?’ Now you wish you would have done it.” NYC MAYOR IS PAID IN BITCOIN “Y’all laughed at me when I first got my #Bitcoin. Who’s laughing now?” pic.twitter.com/xUjIAUX7uN — Bitcoin Archive (@BTC_Archive) December 4, 2024 While Adams declined to provide specifics about his current crypto holdings, his enthusiasm underscores his long-standing support for digital assets. His decision to embrace crypto upon taking office mirrored similar moves by other public officials, including Miami Mayor Francis Suarez and Belgian MP Christophe De Beukelaer, both of whom have also received salaries in BTC.…
The post NY Mayor Flaunts Bitcoin Paycheck Profits Amid BTC Reserve Talks appeared on BitcoinEthereumNews.com.
New York City Mayor Eric Adams, known for his unique public persona, recently spotlighted the significant growth in his Bitcoin (BTC) holdings during a press conference. The ongoing BTC price surge has prompted Adams to revisit a controversial decision he made upon assuming office. NY Mayor Doubles Down on Support for Bitcoin “Remember y’all laughed at me when I first got my Bitcoin,” Adams said, referencing his early decision to accept his first three paychecks in BTC and Ethereum (ETH) in January 2022. He sarcastically questioned, “Who’s laughing now?” When Adams became mayor, he opted to convert roughly $30,000 of his salary into crypto. At the time, his move was both celebrated and criticized. His most recent financial disclosure statement from 2023 suggests his BTC assets were valued between $5,000 and $54,999 by the end of last year. BTC price has since skyrocketed, gaining over 129% this year to approach the $100,000 mark. Ethereum, the second-largest crypto by market capitalization, has also seen significant growth, climbing 63% year-to-date to approximately $3,700. This indicates massive profits for Adams, however, the exact amount isn’t known yet. “Go look at my Bitcoin now,” Adams remarked to reporters. “You all mock me. ‘You’re taking your first three paychecks in Bitcoin. What’s wrong with you?’ Now you wish you would have done it.” NYC MAYOR IS PAID IN BITCOIN “Y’all laughed at me when I first got my #Bitcoin. Who’s laughing now?” pic.twitter.com/xUjIAUX7uN — Bitcoin Archive (@BTC_Archive) December 4, 2024 While Adams declined to provide specifics about his current crypto holdings, his enthusiasm underscores his long-standing support for digital assets. His decision to embrace crypto upon taking office mirrored similar moves by other public officials, including Miami Mayor Francis Suarez and Belgian MP Christophe De Beukelaer, both of whom have also received salaries in BTC.…
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