Eric Adams: Paychecks in Bitcoin

Posted by admin on Friday, November 5, 2021

Eric Adams Money Quote saying as Mayor elect of NYC that he’d make Fintech and Bitcoin important parts of financial markets in New York. Eric Adams said:
 

 

“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

 

 

In this quote, Eric Adams seems to be enthusiastically expressing his vision for New York City becoming a leader in the cryptocurrency and other emerging innovative industries during his mayoral administration. Specifically:

• Adams states that as mayor, he plans to take his first “THREE paychecks” in Bitcoin, suggesting he wants to personally demonstrate confidence in cryptocurrency.
• He implies that by embracing Bitcoin, the largest city in the U.S. can set an example for other major global hubs to increasingly adopt digital assets.
• Adams directly says his goal is for NYC to become “the center of the cryptocurrency industry”, hoping to attract related businesses, jobs and economic activity.
• He also wants to cultivate other fast-growing sectors like technology and suggests the city will thrive under his leadership, telling observers to “just wait!” and see the results.

The best interpretation is that Adams aims to establish New York as a global leader and epicenter for cryptocurrencies as well as innovative industries through both symbolic gestures and policies that create an attractive environment for these emerging fields according to his ambitious vision for the city expressed in this quote.

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