New York Mayor Adams expressed satisfaction with his cryptocurrency salary decision
New York City Mayor Eric Adams expressed satisfaction with his cryptocurrency salary decision as the price of bitcoin rose close to $100,000 this year, according to DLNews. "Remember when I first got paid in bitcoin and you all laughed at me, who's laughing now?" he said at a news conference on Tuesday.
When he took office in January 2022, Adams converted about $30,000 of his salary for the first three months into bitcoin and ethereum. According to the latest financial disclosure statement, its bitcoin holdings were worth between $5,000 and $54,999 by the end of 2023.
In addition to Adams, Miami Mayor Suarez and Belgian Parliament Member De Beukelaer have also chosen to receive their salaries in bitcoin.