City Hall’s Bitcoin Bulls: Meet the U.S. Crypto Mayor
As 2021 comes to an end, Bitcoin (Bitcoin) After a turbulent journey this year, with violent price fluctuations, this pioneer cryptocurrency hit a record high, but then fell back to even lower prices—including a 50% drop, which shocked the market. Now, Bitcoin is back again and stronger than ever, and even recently surpassed its previous all-time high.
Leaving aside Bitcoin’s dizzying market price fluctuations, it seems that some politicians have recognized the potential of Bitcoin, and a wave of mayors across the United States has expressed bullish sentiment.
From Florida to New York, it seems that more and more politicians, especially mayors, support the adoption of Bitcoin.
Here are some US mayors who have expressed bullish sentiment towards leading cryptocurrencies.
Elected Mayor of New York City, Eric Adams
Mayors across the United States have been pushing for the adoption of digital assets, including the newly elected Mayor of New York City, Eric Adams, who promised to pay his first three salaries in Bitcoin.Adams’ move is in response to the announcement by the Mayor of Miami two days ago, which revealed his plan Accept his next salary entirely in Bitcoin.
Adams, a former police officer known for cracking down on crime, said in a tweet: “In New York, we always do a lot, so I will use Bitcoin to receive my first three salaries.”
Adam further tweeted: “New York will become the center of the cryptocurrency industry and other fast-growing innovative industries.”
The newly elected mayor also accepted an interview with Bloomberg, Said he would “Look at what is preventing the growth of Bitcoin and cryptocurrencies in our city.”
Mayor-elect Adams has long been a Bitcoin bull market and has previously promised Make New York City the center of BitcoinAdams also proposed School adds cryptocurrency and blockchain technology To their courses.
Francis Suarez, Mayor of Miami
Since his election, Adams has been wrestling with Miami Mayor Francis Suarez over who is the bigger Bitcoin bull market. Suarez, who was re-elected as mayor of Miami since 2017, also claimed in a tweet that his next salary will be “100% paid in Bitcoin.”
As part of Miami’s plan to become the U.S. cryptocurrency capital, Suarez stated that the city’s plan Issuing digital wallets to citizens This will be used to distribute bitcoin proceeds from the city’s encrypted storage.
Although some reports claim that US law prohibits certain states from holding unstable assets, the mayor of Miami still insists that his priority is to manage the city without taxes.Suarez before Mentioned that he wanted to pay the salaries of city employees Encrypted.
Jason Stewart, Mayor of Cool Valley, Missouri
In the small town of Cool Valley, Missouri, Mayor Jayson Stewart announced that he intends to provide every resident with up to $1,000 in Bitcoin in response to the growing popularity of cryptocurrencies.
The environmentalist mayor believes that Bitcoin can increase the wealth of the town by establishing Bitcoin mining facilities and other related activities. Stewart also believes that Bitcoin education is the key to increasing wealth and prosperity in the region, and he hopes to see a Bitcoin-friendly bank in the city one day.
In an interview with Cointelegraph Magazine, Stewart said: “A lot of it is to correct the mistakes of the past financial system. In the past, when it came to our financial system and storing our value, we could not use the amazing technology we have today.”
Similar to the Mayor of Miami, Stewart plans to distribute Bitcoin to the people of Cool Valley, which is funded by private donors that aim to increase the use and adoption of digital assets.
The Mayor of Missouri has been in the Bitcoin bull market as early as 2015, when he worked at a technology startup that served wealthy customers and earned salaries in Bitcoin.
Scott Conger, Mayor of Jackson, Tennessee
In the wave of cities around the United States approaching the adoption of Bitcoin, Jackson, Tennessee is not far behind. The mayor of the city, Scott Conger, firmly believes that Bitcoin is the only solution to the depreciation of the U.S. dollar and the current inflation sweeping the global economy. Announcing the establishment of a blockchain working group The potential method of using Bitcoin to pay property taxes in the city will be studied.
In mid-July, Conger Tweet: “Why should we accept inflation? Why don’t we make more demands on the federal government? 6.3% in 2 years. In my lifetime it is 172.8%. Our dollar is depreciating every year. There is no rebound. There is only 1 solution to this. .#Bitcoin.”
Similar to the sentiments of other mayors, Conger expressed interest in exploring options for employees in the city to receive salaries in the form of cryptocurrency. The mayor also plans to adopt a Bitcoin mining business and add BTC to the city’s balance sheet. In addition to Bitcoin, Conger also hinted at Ether (ether) And Litecoin (LTC) As a potential payment medium in urban financial operations.
Jane Castor, Mayor of Tampa, Florida
The Mayor of Tampa, Jane Castor, also joined the ranks of mayors who are optimistic about Bitcoin in various cities in the United States. A few days after Miami Mayor Suarez announced that he planned to receive a Bitcoin salary, Castor followed closely.
Castor announced the news on the second day of the Florida Bitcoin and Blockchain Summit, which was held at the Amalie Arena in downtown Tampa.
— Jane Castor (@JaneCastor) November 5, 2021
Increasing bullish sentiment
In addition to the mayor of the United States who accepted Bitcoin and blockchain technology, other leaders across the country and around the world have also begun to realize the benefits of Bitcoin and cryptocurrencies. For example, U.S. representatives Tom Emmer and Darren Soto wrote to the U.S. Securities and Exchange Commission calling for the approval of Bitcoin ETFs in the U.S. Many bystanders believed that this might bring bullishness to Bitcoin Trend and legalize cryptocurrency.
Even traditional financial institutions that are bearish on Bitcoin have begun to admit that cryptocurrency and blockchain technology are ready to bring revolutionary changes to the financial industry.For example, the chief operating officer of Bank of America recently claim Blockchain and cryptocurrency can improve bank operations.
In Australia, Commonwealth Bank-one of the country’s largest banks, with nearly 16 million customers- Reveals plans to integrate Bitcoin into its serviceIn the entire cryptocurrency field, a wave of bullish news continues to emerge, and Bitcoin seems to be ready for the upward momentum.