Guide & Analytics

A Competition Between NYC and Miami to Turn out to be the Cryptocurrency Capital of the US

A Competition Between NYC and Miami to Turn out to be the Cryptocurrency Capital of the US

After Miami Mayor Francis Suarez, the newly elected New York Metropolis Mayor Eric Adams would be taking his paycheck in Bitcoin moreover.

In a Tweet on Thursday, Adams said he would procure his first three paychecks within the leading cryptocurrency, trading at $62,300, after taking on Metropolis Hall in January.

“NYC is going to be the heart of the cryptocurrency industry and other mercurial-growing, innovative industries. Appropriate Wait!”

This tweet has been based mostly on Miami Mayor Suarez declaring earlier this week that he would procure his first paycheck “100% in Bitcoin.” As reported, Suarez won re-election on Tuesday and has his eyes position on building Miami proper into a crypto hub.

“I cessation up for the friendly opponents in making our respective cities a crypto capital,” Suarez answered to Adams’ tweet about taking his paycheck in BTC and the metropolis’s plans to change into a hub for crypto innovation.

In January, Adams, a Democrat, will change into the mayor of the US’s most well-liked metropolis after defeating Republican Curtis Sliwa in a landslide victory in Tuesday’s election.

“It reveals you that bitcoin is attracting a wide assortment of curiosity,” commented Edward Moya, a senior market analyst at FX broker Oanda.

Localism. At the neighborhood level, we are all human and rational. At a nation train level, politics present off the irrational extremes of society in gridlock. Progress is now being made most by those who focus on and act within the community. #Bitcoin

— Kyle Davies (@kyled116) November 5, 2021

Again in June, after winning the Democratic nomination for mayor, in his victory speech, Adams had vowed that the metropolis would change into “the heart of bitcoins” and “the heart of your entire skills.”

“Miami, you had your plug,” he said on the time.

Earlier this week, Inexperienced Bay Packers quarterback Aaron Rodgers also said that he will procure some of his NFL pay in bitcoin and that he believes within the trillion-buck market cap cryptocurrency as part of his promotion with Sq.’s Money App.

“Bitcoin is a brand recent notion, and it will even also be intimidating,” Rodgers said through Twitter, including that he plans to give away $1 million rate of bitcoin to his fans throughout the Money app.

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