New York City Mayor Eric Adams stays bullish on Bitcoin (BTC) amid a downturn that noticed the flagship cryptocurrency plummeting under $43,000.
In a brand new interview on CNBC’s Squawk Box, Adams cites the upsides of shopping for the main crypto asset by market cap throughout the dip.
“Sometimes the best time to buy is when things go down so when they go back up, you’ve made a good profit.”
In November, Adams promised on Twitter that he’ll obtain his first three paychecks in Bitcoin when he turns into mayor. This would make him the primary politician to settle for a crypto wage.
“I’m going to take my first three paychecks in Bitcoin.
I haven’t obtained my first verify but, however I believe we’d like to use the know-how of blockchain, Bitcoin, of all different types of know-how and I would like New York City to be the middle of that know-how.
I’m trying ahead to that first paycheck in Bitcoin.”
Adam is pushing to make New York City the capital of crypto.
Last yr, the Big Apple noticed the launch of its first-ever cryptocurrency, the NewYorkCityCoin (NYCCoin), following a tweet from then Mayor-elect Adams that he needs the town to have its personal digital asset.
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