New York City Mayor Eric Adams is pleased with his cryptocurrency salary decision, as the price of Bitcoin has risen nearly $100,000 this year. He humorously recalled at a press conference, 'Remember when I first received my Bitcoin salary and you all laughed at me? Who's laughing now?' 😄
Adams took office in January 2022 and converted approximately $30,000 of his salary for the first three months into Bitcoin and Ethereum. As of the end of 2023, his Bitcoin holdings are valued between $5,000 and $54,999. 📈
Not only Adams, but Miami Mayor Suarez and Belgian legislator De Beukelaer have also opted to receive their salaries in Bitcoin. 💼
This article showcases the trend of cryptocurrency being utilized for salaries in the public sector.