Image default

The American politicians thoroughly on bitcoin (BTC)

wed 17 August 2022 ▪ 14:00 ▪

min reading – per

In the United States, the opinions of political figures on bitcoin and cryptocurrencies diverge. Sometimes we hear a senator or a mayor plead in favor of these assets, sometimes their pairs spit their venom on BTC. Fortunately, the clan of bitcoiners is starting to strengthen right now. Just yesterday, the deputy mayor of the city of New York, Phil Banks, acquired BTC and ETH.

New York and the adoption of bitcoin by American politicianséricans

Phil Banks, an icon of American politics joins the party

Yesterday, Watcher Guru told us, via Twitter, that the deputy mayor of New York City has made the purchase of the equivalent of $ 150,000 in bitcoin and ethereum.

« The deputy mayor of public safety of New York revealed that he bought $15,000 to $150,000 worth of #Bitcoin & #Ethereum. »

This was allegedly taken from his recent financial statements in which he claimed that his net worth has tripled in the last 8 years.

The same Banks also announced that he was also investing in Apple INC, Tesla Inc (the one that had just sold a large part of its bitcoin holdings) and Meta Platforms Inc (the company whose failure Vitalik Buterin predicted).

New York, its leaders and bitcoin

Certainly, this decision by Phil Banks has links to the pro-bitcoin leaning of the current mayor of New York, Eric Adams. The latter, let us recall, had claimed during the election campaign that he was showing interest in BTC. In addition, he intended to make the city a ” bitcoin hub ».

You are also not unaware that Adams has started accepting his salary in bitcoins. Also note that he does not hesitate to call on the Governor of New York to review the bill against the mining.

True, the adoption of bitcoin is not yet widespread in this city, nor in the United States. And there is even a majority, both in the political spectrum and in society in general, preaching against cryptos. But, we agree to say gradually, there will be more bitcoiners than no-coiners. « Adoption can’t be stopped “, we chant on social networks.

Receive a digest of the news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss anything essential Cointribune!


The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy in this world, against all hope, I will say that I had something to do with it

Related posts

the solution to circumvent US sanctions?

Reginald Easterling

$5 million in damages to be paid!

Reginald Easterling

A decision of 1971 favours their adaptation today

Reginald Easterling