New York City Mayor Eric Adams keeps the city's residents busy: he mercilessly scolds rats, promotes veganism, does not deny himself fish, and often makes extremely absurd statements.
One of the talents that has really helped me be a good mayor is my ability to be sexy and stay focused," he said at the Democratic National Convention in August.

However, now that Bitcoin rose above the $100,000 mark, he had reason to proudly declare the correctness of his words and decisions.
Remember everyone laughed at me when I first got mine Bitcoin. Do you find it funny now too?
In January 2022, when Adams took office, he received his first three salaries received in bitcoins and etherAt that time, the total value of cryptocurrencies was $30,000.
It is currently unknown how much cryptocurrency he has, but he says his Bitcoin holdings will reach $2023 by the end of 54,999.
Come and look at my bitcoins," Adams continued. "You all mocked me, saying, 'You got your first three paychecks in bitcoins. What's wrong with you?' Now you wish you had done the same!
Adams' happiness is marred by the fact that he is currently facing criminal charges of bribery and campaign finance violations, charges he denies.
Let us recall that his colleague, Miami Mayor Francis Suarez, also received all his salary in bitcoins, however, he is more reserved in his statements on this matter.

#Bitcoin

Leading analytical firms Fasanara Digital and Glassnode have presented a comprehensive study highlighting significant shifts in the cryptocurrency market. The analysis reveals a qualitative transformation of market conditions and a rapid recovery of the sector following the systemic crisis triggered by the collapse of a major crypto exchange in November 2022.
Experts emphasize that the market has not only recovered from the aftermath of the crash but is also showing signs of consolidation, driven by new technologies, institutional investments, and a strengthened regulatory framework. These factors are contributing to growing trust among market participants and the creation of a more resilient ecosystem.
The research identifies key trends, including:
• Increased liquidity on major platforms
• Gradual recovery of market capitalization levels
• Active adoption of innovative solutions like DeFi (Decentralized Finance) and NFTs
This phase marks a new chapter in the development of the cryptocurrency industry.

Key Indicators of Growth
One notable indicator of growth is the substantial strengthening of Bitcoin, the flagship cryptocurrency. Its market capitalization has surged by an impressive 372%, with its dominance increasing from 38% to 60%. This shift reflects growing investor confidence in the primary digital asset.
Simultaneously, Ethereum's market structure has undergone a transformation, with its dominance decreasing from 17% to 12.8%, driven by reduced investment inflows and waning interest from retail investors. Despite this, the overall market dynamic remains positive, largely thanks to the introduction of Bitcoin ETFs in the United States.

Institutional Interest on the Rise
The cumulative investment reserve has reached an impressive $71 billion, equivalent to 5% of Bitcoin's total supply. Additionally, the market has recorded a peak BTC derivatives volume of $37 billion, signaling growing institutional interest.

Tokenization of Real-World Assets
A noteworthy development is the active growth of tokenization of real-world assets (RWA), which experts highlight as a defining trend of Q4 2024. This phenomenon reflects the increasing integration of traditional financial instruments with blockchain technology.

#Crypto #Bitcoin #Ethereum #defi #NFT