• Tue. Jan 11th, 2022

    New York City Mayor Eric Adams Reiterates City’s Commitment To Bitcoin, Says “The Best Time To Buy Is When The Going Right”

    ByHazel R. Lang

    Jan 7, 2022

    New York City Mayor Eric Adams remains bullish on Bitcoin (BTC) amid a slowdown that has seen the flagship cryptocurrency drop below $ 43,000.

    In a new interview On CNBC’s Squawk Box, Adams cites the benefits of buying the leading crypto asset by market cap during the downside.

    “Sometimes the best time to buy is when the going is going down, so when the going is going up you’ve made a good profit. “

    In November, Adams promised on Twitter that he would receive his first three Bitcoin paychecks when he became mayor. This would make him the first politician to accept a crypto salary.

    “I’m going to take my first three paychecks in Bitcoin.

    I haven’t received my first check yet, but I think we need to use blockchain technology, Bitcoin, all other forms of technology and I want New York to be the center of that technology.

    I look forward to this first Bitcoin paycheck.

    Adam is pushing for New York City to be the crypto capital.

    Last year, the Big Apple saw the launch of its very first cryptocurrency, NewYorkCityCoin (NYCCoin), following a tweet from mayor-elect Adams that he wanted the city to have its own digital asset.

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    Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in Affiliate Marketing.

    Featured Image: Shutterstock / Kit8.net



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