The mayor was asked if he has any regrets about supporting bitcoin and whether New York City should continue to promote the crypto industry.
“Well, first I believe in technology — the whole thought of using crypto, blockchain currency, you call it cyber wallets,” he replied, elaborating:“When I hear people say, ‘Well, look how much money an individual lost in cryptocurrency,’ you know how much money I lost in the stock market? Some of my retirement investments I’m afraid to even look at nowadays,” Adams shared.
“All of these industries have ups and downs,” the NYC mayor described. “The ‘junk bond kings,’ the fraud that they did in the stock market and penny bonds, so there’s always people who are going to exploit these forms of industries.” The mayor of New York City continued: “I believe in the new markets and the new currencies, and I’m encouraging my young people to learn about them. We had a crypto summit that was partnered with the owners of the New York Nets where we brought young people in to learn about these industries.” He opined:
These industries are not going to go away because they reach low points. This is an industry that we must embrace, and I’m looking to further lean into blockchain and other technologies.in January that he wants New York City “to be the center of cryptocurrency and other financial innovations.” He emphasized: “Being on the forefront of such innovation will help us create jobs, improve our economy, and continue to be a magnet for talent from all over the globe.
lillianlewisz Crypto will end up being replaced by a different money believe what you want but I just told you the truth. It will crash just like back in the twenties when all the banks crashed leaving everybody without
BNB
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wise words. In the normal web2 world... they let the markets determine what will happen. Thats why they embrace the largest crashes
Then why are they banning Bitcoin mining?
BNB
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BNB
FACT
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BNB
Get another two months of salary paid in $BTC again and then tell us so we can believe you :-)
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FACT
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If they stop this I can no longerr payy my rentsss……
Every singlee personn should coverr this on twitter….
Whyy aren’t anyone botheredd on talkinng about this?
Nothinng in the world can comparee to this right noww…..
Thats nice!!
FACT
ChiefraFba gives the most accurate signals and analysis in my experience
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NYC Mayor Eric Adams doubles down on cryptocurrency despite industry implosionOne of the world’s largest cryptocurrency exchanges recently imploded and crypto investors have suffered trillion dollar losses. But New York City Mayor Eric Adams is showing no signs of retreating from the industry, saying it is one 'we must embrace.' Oy blockchain technology does have legs, regardless of what some platforms did to implode itself. This man never met a money laundering scheme he didn’t like
Source: Gothamist - 🏆 456. / 53 Read more »