Democrat Eric Adams, who was elected 110th mayor of New York earlier this week, has just announced that he wants to receive his first three salaries in Bitcoin. This is not the first time that a mayor has made such a statement.
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Eric Adams, the new mayor of New York, announced in a message on Twitter that he was going receive their first three salaries in a rather unconventional way, since he wishes to be paid in Bitcoin. Adams was responding to the mayor of Miami, Francis Suarez, who had also said earlier that he wanted his salary to be paid “100%” in Bitcoins.
Bitcoin cryptocurrency recently broke his previous record by crossing the $ 66,000 mark. It had recorded an increase of more than 50% over one month and more than 450% over one year, and its capitalization exceeded 1,200 billion dollars. It is therefore not very surprising to see Eric Adams wanting to be paid in Bitcoin, despite currency volatility. In the same message, the new mayor said that in New York, “ we always do things big ».
On the same topic : the United States has become number 1 in Bitcoin mining, far ahead of China
Is it possible to pay a salary in Bitcoin?
Adams campaign spokesman Evan Thies clarified following the tweet that the mayor-elect convert their salary into Bitcoins through an exchange. At this time, the city does not have a mechanism for paying wages in a currency other than the US dollar.
The city may soon modernize to accept Bitcoin, as the mayor recently told Bloomberg Radio that he wanted to make New York City open to cryptocurrencies. We could also see the landing of other cryptocurrencies in addition to Bitcoin. We think in particular of Ether, the second most valued currency, which recently climbed above $ 4,000.
The United States is well on its way to making digital currencies a new way to pay every day. We know, for example, that American citizens can already buy Bitcoin in nearly 200 Walmart stores. More 25,000 distributors also offer to buy cryptocurrency, against only 11 in France.
In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!
— Eric Adams (@ericadamsfornyc) November 4, 2021
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