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Bitcoin: Politicians want salary payments in crypto


TL;DR Breakdown

• Adams follows the same ideas as the mayor of Miami regarding cryptocurrencies.
Bitcoin has become the main cryptocurrency of American politicians.

Since Francis Suárez, the mayor of Miami, insisted on being paid in cryptocurrencies, other politicians such as Eric Adams from New York have joined the trend. Adams has also been more specific about accepting cryptocurrency payments and clings to being part of the future.

According to reports, the new mayor of New York has asked that his first three payments be in cryptocurrencies. Adams adds that the Big Apple will be the focal point in America’s crypto trading.

Eric Adams announces Bitcoin payments

Bitcoin

The New York mayoral elections were fought between Republican Curtis Sliwa and Democrat Eric Adams, where Adams won. With less than a week in office, the new mayor has gained popularity by responding to Francis Suárez, the mayor of Miami, about payments with cryptocurrencies. The Democrat has said that his first payment will be in cryptocurrencies, specifically with Bitcoin.

Although Adams’s views on possible Bitcoin payments are attractive, he is in second place among politicians who brag about cryptocurrencies alongside Suarez. However, the mayor of Miami has spent months talking about cryptos, creating laws in favor, and developing the native token MaimiCoin. Suárez also participated in the BTC seminar, where he showed his affection towards crypto-miners and technologies based on Blockchain.

For many crypto enthusiasts, Adams’ new opinions may be a copy of Francis Suárez’s actions over the year. However, it could work considering that the United States has increased adoptions in cryptocurrencies. In a report, Adams suggested that he is looking in the right direction, referring to the growing cryptocurrency market.

Politicians look towards cryptocurrencies

The cryptocurrency fever has reached Suarez and Adams and other American politicians who have accepted that investments in Bitcoin have power. Since the beginning of the year, cryptos have gained priority in the US; politicians like Scott Conger, who was elected mayor in the Tennessee city of Jackson, indicated that they could include crypto payments on their payroll. However, so far, Conger has done nothing to support those claims.

Many people have wondered why politicians like Suarez, Adams, or even Conger hold onto Bitcoin. Although this virtual market has been branded as illegal, false, or corrupt in previous years, these thoughts may be overshadowed by the crypto prices.

American companies like Tesla bought more than a billion dollars worth of BTC at the start of the year, and today those shares rose to over 100 percent doing nothing. With such significant gains, not surprisingly, US politicians and companies are looking to trade BTC priced at $61,199.



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