New York City Mirrors The US's Embrace Of Bitcoin To Become The Crypto Capital Of The World

New York is mirroring the United States's embrace of Bitcoin to unfurl its ambitions to become the crypto capital of the world.

New York City is heating up as the cryptocurrency capital of the world, mirroring the U.S.'s own warm reception to Bitcoin.

The city's mayor, Eric Adams, is at the center of the Bitcoin push, taking swipes at critics who doubted his crypto vision.

"I'm buying Bitcoin. Put it on the agenda. We're going to have the first-ever Crypto Summit in New York City," Adams stated at a press conference on Wednesday.

The mayor invited service providers in the cryptocurrency space to turn their gaze to New York and set up shop in the Empire State. In his press statement, Adams expressed a long-term commitment to cryptocurrencies and their underlying technology while highlighting the benefits for residents.

"We should be looking forward to building empires, particularly in the crypto space," said Eric Adams. "My goal remains the same as it was on day one as mayor: making New York City the crypto capital of the globe."

Adam's affinity for cryptocurrencies is not a bolt from the blue, with the NYC mayor famously touting Bitcoin and encouraging service providers to contribute to the city's economy.

"Last year, I told everyone I was going to take a new approach to policing, hiring, and economic development. Some people laughed when I said we'd be the crypto capital- but who is laughing now?" asked the mayor.

The city will host its inaugural Crypto Summit next week, in a similar fashion to the White House'operability'operabilityoperability