New York’s next mayor wants to be paid in Bitcoin

New York Mayor-elect Eric Adams said on Thursday he would take his first three paychecks in bitcoin and signaled his intention to make his city the “center of the cryptocurrency industry” after he takes office in January.

“In New York we always go big, so I’m going to take my first THREE paychecks in bitcoin when I become mayor,” Adams wrote in a Twitter post. “NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!”

The value of Bitcoin, the world’s largest cryptocurrency, has been highly volatile, since it was created in 2009.

Adams thinks that schools should add cryptocurrency and blockchain technology to the curriculum.  In an interview he said that bitcoin is the “new way of paying for goods and services throughout the entire globe” and that schools “must” teach the technology behind it.