{"id":475587,"date":"2021-11-05T20:30:38","date_gmt":"2021-11-05T20:30:38","guid":{"rendered":"https:\/\/wncen.com\/?p=475587"},"modified":"2024-06-11T14:00:07","modified_gmt":"2024-06-11T14:00:07","slug":"new-york-mayor-to-take-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/new-york-mayor-to-take-bitcoin\/","title":{"rendered":"New York Mayor-Elect Will Take Bitcoin For First Three Paychecks"},"content":{"rendered":"<p class=\"p1\">Eric Adams, the new mayor of the city of New York, has once again publicly shown support for bitcoin. The mayor has long been in support of the cryptocurrency, saying he wanted to make New York the bitcoin capital of the country. His most recent show of support has only reiterated the mayor\u2019s plan for the city.<\/p>\n<p class=\"p1\">Mayor Adams responded to a tweet from Francis Suarez, the mayor of Miami famous for making the city a crypto hub. Apparently, New York is in a race to make the city the cryptocurrency center for innovation over the city of Miami.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/bitcoin\/ethereum-miner-revenue-vs-bitcoin\/\">Ethereum Miner Revenue Outpaces Bitcoin In 2021<\/a><\/strong><\/em><\/p>\n<h2 class=\"p1\">Accepting Paychecks In Bitcoin<\/h2>\n<p class=\"p1\">Investors and Entrepreneur Anthony Pompliano had posted on Twitter asking who the first politician would be to accept their paychecks in bitcoin. Mayor Suarez took advantage of this opportunity to show his support for cryptocurrencies by saying he was accepting his next paycheck in BTC. This is unprecedented as no U.S. politician has openly admitted they would take payments in bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I\u2019m going to take my next paycheck 100% in bitcoin\u2026problem solved! <a href=\"https:\/\/twitter.com\/Sarasti?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@Sarasti<\/a> can you help? <a href=\"https:\/\/t.co\/v4YdPZ0tYc\" rel=\"nofollow\">https:\/\/t.co\/v4YdPZ0tYc<\/a><\/p>\n<p>&mdash; Mayor Francis Suarez (@FrancisSuarez) <a href=\"https:\/\/twitter.com\/FrancisSuarez\/status\/06059528?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\">Mayor Adams responded to this with an even more impressive revelation. The mayor who had been voted into office on November 3rd revealed that he planned to take his first three paychecks in bitcoin. This move was made in a bid to one-up the crypto-positive mayor of Miami and show New York\u2019s commitment to making it the crypto hub of the nation.<\/p>\n<p class=\"p1\">\u201cIn New York, we always go big, so I\u2019m 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!\u201d &#8211; Eric Adams, Mayor-Elect, New York<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium\" src=\"https:\/\/www.tradingview.com\/x\/spJIoQ1H\/\" alt=\"Bitcoin price chart from TradingView.com\" width=\"1353\" height=\"686\"><\/p>\n<pre style=\"text-align: center\">BTC trading above $61,000 | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/UG2tjOD6\/\" rel=\"nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<h2 class=\"p1\">Making History<\/h2>\n<p class=\"p1\">Mayor Eric Adams is only the second black person to be elected to the mayoral office of New York. His campaign revolved around making New York city an innovation hub, which resonated greatly with the younger residents of the city. His stance on crypto also drew the community to him. <span class=\"s2\">Now that he has won the race for mayor, Adams is focused on making the sixty a tech hub.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/bitcoin\/fomo-beware-spot-bitcoin-buying-volume-remains-low-despite-new-ath\/\">FOMO Beware: Spot Bitcoin Buying Volume Remains Low, Despite New ATH<\/a><\/strong><\/em><\/p>\n<p class=\"p4\">Taking paychecks in bitcoin is unheard of but not a new concept in any way. Some payroll companies have also begun to offer options to pay employees in crypto. However, Mayors Adams and Suarez will not be receiving their paychecks directly in crypto as they are paid by the government.<\/p>\n<p class=\"p4\">They will receive their paychecks in dollars, which would then be converted into BTC. Suarez has in the past explored the idea of paying salaries in bitcoin. Mayor-elect of New York, Eric Adams, has so far not said anything to that effect, but the future of bitcoin looks bright in New York with Adams running the show.<\/p>\n<pre style=\"text-align: center\">Featured image from Bloomberg, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Eric Adams, the new mayor of the city of New York, has once again publicly shown support for bitcoin. The mayor has long been in support of the cryptocurrency, saying he wanted to make New York the bitcoin capital of the country. His most recent show of support has only reiterated the mayor\u2019s plan for the city. Mayor Adams responded to a tweet from Francis Suarez, the mayor of Miami famous for making the city a crypto hub. Apparently, New York is in a race to make the city the cryptocurrency center for innovation over the city of Miami. Related Reading |\u00a0Ethereum Miner Revenue Outpaces Bitcoin In 2021 Accepting Paychecks In Bitcoin Investors and Entrepreneur Anthony Pompliano had posted on Twitter asking who the first politician would be to accept their paychecks in bitcoin. Mayor Suarez took advantage of this opportunity to show his support for cryptocurrencies by saying he was accepting his next paycheck in BTC. This is unprecedented as no U.S. politician has openly admitted they would take payments in bitcoin. I\u2019m going to take my next paycheck 100% in bitcoin\u2026problem solved! @Sarasti can you help? https:\/\/t.co\/v4YdPZ0tYc &mdash; Mayor Francis Suarez (@FrancisSuarez) November 2, 2021 Mayor Adams responded to this with an even more impressive revelation. The mayor who had been voted into office on November 3rd revealed that he planned to take his first three paychecks in bitcoin. This move was made in a bid to one-up the crypto-positive mayor of Miami and show New York\u2019s commitment to making it the crypto hub of the nation. \u201cIn New York, we always go big, so I\u2019m 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!\u201d &#8211; Eric Adams, Mayor-Elect, New York BTC trading above $61,000 | Source: BTCUSD on TradingView.com Making History Mayor Eric Adams is only the second black person to be elected to the mayoral office of New York. His campaign revolved around making New York city an innovation hub, which resonated greatly with the younger residents of the city. His stance on crypto also drew the community to him. Now that he has won the race for mayor, Adams is focused on making the sixty a tech hub. Related Reading |\u00a0FOMO Beware: Spot Bitcoin Buying Volume Remains Low, Despite New ATH Taking paychecks in bitcoin is unheard of but not a new concept in any way. Some payroll companies have also begun to offer options to pay employees in crypto. However, Mayors Adams and Suarez will not be receiving their paychecks directly in crypto as they are paid by the government. They will receive their paychecks in dollars, which would then be converted into BTC. Suarez has in the past explored the idea of paying salaries in bitcoin. Mayor-elect of New York, Eric Adams, has so far not said anything to that effect, but the future of bitcoin looks bright in New York with Adams running the show. Featured image from Bloomberg, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":475591,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,435,663,1119,84610],"class_list":["post-475587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-adoption","tag-bitcoin-payment","tag-btc","tag-new-york-mayor"],"acf":[],"yoast_head":"\n<title>New York Mayor-Elect Will Take Bitcoin For First Three Paychecks<\/title>\n<meta name=\"description\" content=\"Eric Adams, the new mayor of the city of New York, has once again publicly shown support for bitcoin. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"New York Mayor-Elect Will Take Bitcoin For First Three Paychecks","url":"http:\/\/wncen.com\/news\/new-york-mayor-to-take-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/new-york-mayor-to-take-bitcoin\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/New-York-Mayor-Eric-Adams.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/New-York-Mayor-Eric-Adams.jpeg?fit=1000%2C666"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin adoption","bitcoin payment","btc","new york mayor"],"dateCreated":"2021-11-05T20:30:38Z","datePublished":"2021-11-05T20:30:38Z","dateModified":"2024-06-11T14:00:07Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"New York Mayor-Elect Will Take Bitcoin For First Three Paychecks\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/new-york-mayor-to-take-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/new-york-mayor-to-take-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/New-York-Mayor-Eric-Adams.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/New-York-Mayor-Eric-Adams.jpeg?fit=1000%2C666\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin adoption\",\"bitcoin payment\",\"btc\",\"new york mayor\"],\"dateCreated\":\"2021-11-05T20:30:38Z\",\"datePublished\":\"2021-11-05T20:30:38Z\",\"dateModified\":\"2024-06-11T14:00:07Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/New-York-Mayor-Eric-Adams.jpeg?fit=1000%2C666","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/475587"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=475587"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/475587\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/475591"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=475587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=475587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=475587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}