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Big Apple Center for Bitcoin?

NYC Mayoral Frontrunner Plans To Make Big Apple Center for Bitcoin and Crypto Adoption

By Daily Hodl Staff • June 25, 2021 // BITCOIN

The frontrunner in the New York City mayoral race seems to be a fan of Bitcoin.

While giving a speech on the night of the Democratic primary election on June 22, mayoral candidate Eric Adams said he is going to make New York City “the center of Bitcoins.”

“We’re going to be the center of all the technology. Miami, you had your run. We’re bringing our businesses back to New York.”

Adams currently leads the NYC Democratic mayoral primary with 31.7% of the race’s first-place votes. However, because of the primary’s ranked-choice voting system, the ranked selections still need to be tabulated before a winner is declared — meaning the official Democratic party candidate may not be known until next month.

Whoever wins the Democratic primary is almost certain to win in the general election due to New York City’s left-leaning political demographics.

Michael Saylor, the chief executive of MicroStrategy and a Bitcoin bull, hyped up Adam’s comment to his 1.2 million Twitter followers.

Adams wasn’t the first New York mayoral candidate to express support for Bitcoin: Andrew Yang said in February that he wanted to transform the world’s financial capital into a hub for Bitcoin and other cryptocurrencies.

Despite being an early frontrunner, however, Yang finished fourth in first-place votes on Tuesday (with 11.7%), and he subsequently conceded the race.

If elected, Adams wouldn’t be the only pro-Bitcoin mayor in the United States: Miami mayor Francis Suarez says he wants Bitcoin miners exiled by China’s crackdown to come set up shop in the South Florida city, CNBC reports.

“We want to make sure that our city has an opportunity to compete. We’re talking to a lot of companies and just telling them, ‘Hey, we want you to be here.’…

The fact that we have nuclear power means that it’s very inexpensive power.”

New York City’s general election for mayor will happen in November.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Budimir Jevtic

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The original article written by Daily Hodl Staff and posted on DailyHodl.com.

Article reposted on Markethive by Jeffrey Sloe

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