As a great northern philosopher often says, Winter is coming “. And the winter of cryptocurrencies seems set and here to stay. But this does not prevent Eric Adamsmayor of New York, to stay Bitcoinersagainst all odds.
Bitcoin is the future and New York must bet on it
It had made headlines in 2021 during its nomination contest at New York City Hall. Eric Adams, defender of the BTC (BTC)he had then converted his own the first three pay in bitcoin. So it’s close to 18,000 dollars which would have turned into BTC, within a month and a half. From these purchases, the queen cryptocurrency lost approx 60% of its value. But keep in mind that the result would have been the same if Adams had invested in Netflix stock at the time.
But this fall has not started its charm for the blockchain technology and the fact that he strongly believes in its emergence in the future.
« Mayor Adams believes cryptocurrency, blockchain, and other emerging technologies offer an incredible opportunity for long-term innovation and economic growth, and he wants it to happen right here in New York. As with all financial products, price fluctuations are an expected feature of the market and it is unwise to believe that setbacks in an industry indicate it will not experience long-term growth. »
Jonah Allon, Eric Adams’ publicist
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Unfortunately, the governor does not share this view
Adams also geared up a moratorium for a period of two years, relating to cryptocurrency mining operating in proof of work. The goal is to defend the Bitcoin mining industry in New York State. But this was unfortunately ratified on November 22nd by the governor.
Despite the price drop and the government’s opposition, Eric Adams continues to defend Bitcoin and his goal of making New York a city greater in the ecosystem it remains the same. He knows it will take more time and energy than expected, but inevitably everything ends up happening.
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