NYC Mayor Eric Adams and OBJ Double Down on Their Bitcoin Bets, Declaring ‘Who’s Laughing Now?’

New York City Mayor Eric Adams reiterated his support for Bitcoin, reflecting on the skepticism he faced when he first decided to convert his paychecks into cryptocurrency back in 2022.

New York City Mayor Eric Adams has doubled down on his support for Bitcoin, reflecting on the skepticism he faced when he first decided to convert his paychecks into cryptocurrency.

At a recent media event, Adams said, “We should not be afraid of Bitcoin. Remember y’all laughed at me when I first got my Bitcoin? Who’s laughing now? Go look at my Bitcoin now.”

The mayor's remarks come after he converted his first three paychecks as mayor into Bitcoin (BTC) and crypto in 2022. The move drew both praise and criticism, with many questioning the viability of the decision during a volatile market period.

Addressing his critics, Adams said, “You all mock me… Now you wish you would have done it.”

Per the event, Adams sees cryptocurrencies as tools for innovation and economic empowerment, particularly in underserved communities.

Odell Beckham Jr.

This sentiment is shared by another famous figure who has received a salary in crypto: Odell Beckham Jr.

In 2021, Beckham Jr., a former Los Angeles Rams wide receiver, partnered with CashApp during the 2021-2022 NFL season to receive his $4.25 million salary in Bitcoin. As part of the deal, he gave away $1 million in bitcoin to his fans on Twitter.

Last month, Beckham Jr. took to X to gloat about his decision: “Soooo who said taking my Rams salary in bitcoin was dumb again?”