New York City Mayor Eric Adams is advocating for a Bitcoin-backed investment vehicle known as BitBond, allowing residents and investors to utilize cryptocurrency. While he faces opposition from the city’s comptroller, Adams expresses optimism about finding creative solutions to make it work. Adams identifies a lack of education around cryptocurrencies as a barrier to their acceptance and advancement. He stresses the urgency of quick action to capitalize on the growing trend of Bitcoin adoption and encourages active collaboration between city leadership and the crypto community.
We want to examine how do we have a bit bond here-to allow those who want to use Bitcoins to do that same level of investments.
The lack of education and understanding of what this universe looks like is making it fearful for people to move forward.
We gotta move quickly, we gotta move while the iron is hot, referencing growing national support for Bitcoin policy.
When you have an executive such as the mayor of the city who's embracing it, the executive must meet those who are in the industry on the grassroots level.
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