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The Mayor of New York, unfazed by the falling Bitcoin price, believes that buying the dip might provide a ‘good profit.’

The mayor of York City, Eric Adams, seems unfazed by bitcoin's volatility, stating that purchasing the drop may result in a "nice return." He reaffirmed that he will earn his first three salaries in cryptocurrency and will establish New York City the heart of distributed ledger technology.

Mayor Eric Adams claims that New York will have its own token, similar to the Miami Coin.

As the city's mayor-elect, Eric Adams, isn't one to waste time in competing with Miami for the title of US crypto hub, the city will soon have its own municipal coin. NYCCoin will be the next token to launch, with mining set to begin at 3 p.m. EST on Wednesday (approximately 1:30 a.m. IST on Thursday), making it the second city token to do so after Miami Coin. City tokens are cryptocurrency-based enterprises that allow users to buy tokens to invest in a city.

The incoming mayor of New York wants schools to include blockchain and crypto literacy into their curricula.

New York's new mayor-elect, Eric Adams, believes it's past time for schools to include cryptography as a topic in their curriculum. Adams, a long-time cryptocurrency supporter, and proponent, recently made headlines by announcing that he would take his first three paychecks in Bitcoin and pledging to make New York the "crown jewel of the bitcoin business" after he takes office in January.
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