The elected mayor of New York wants to introduce virtual currency into teaching in schools

Eric Adams said that after he officially took office in New York in January 2022, he will use his first 3 month salary to buy Bitcoin …

New York City Mayor-Elect Eric Adams – Photo: Getty Images

Mr. Eric Adams, who was elected Mayor of New York City on November 2, recently announced his plan to host education in the largest city in the United States.

In it, he said schools should include virtual money and blockchain technology – the technology behind virtual money – in the curriculum, part of the plan to make New York a virtual currency hub.

According to him, Bitcoin is a new way of paying for goods and services worldwide and schools need to teach the technology behind it (blockchain) and this new way of thinking.

“When I was talking about blockchain and Bitcoin, a lot of young people stopped on the street and asked me ‘What is this?'” The African-American politician said in a recent interview with CNN.

However, the New York electoral market has not indicated which grade level it wants to include in the content.

When asked if he could explain Bitcoin to viewers in 30 seconds, Mr Adams said in an interview that this would be a challenge even for an expert. When asked if he would encourage companies in New York to accept Bitcoin or other virtual currencies, he also said that companies “will definitely look into this matter and take a cautious step.”

“We will be on the right track,” continued the 61-year-old politician.

The elected Mayor of New York will use the first 3 months’ salaries to buy Bitcoin – Photo: Coindesk

Last week, Mr Adams said that if he officially takes over the New York market in January 2022, he will use the first 3 months’ salaries to buy Bitcoin. He will also consider introducing a city-specific virtual currency to compete with MiamiCoin – a virtual currency used in the city of Miami, Florida.

However, not all New York City councilors share the same views on cryptocurrencies as the mayor-elect. New York Attorney General Letitia James has always taken a tough stance on cryptocurrencies. She recently even launched a campaign to tighten controls on companies that operate in virtual currency but are not registered. A few months ago, Ms. James also issued a warning to the virtual currency industry saying, “Obey regulations or shut down”.

Meanwhile, Jason Furman, former top economic advisor to former President Obama, has voiced concern over Adams’ crypto ambitions. In a recent Twitter post, Mr. Furman described the New York Market plan as a poor strategy for the city and a decision that “appears to have a conflict of interest.”

Mr. Furman likened Mr. Adams’ statement that he was going to buy virtual currency to a politician who bought a large amount of Amazon stock and offered cheap policies to that e-commerce company.

In an interview with CNNWhen asked about Mr. Furman’s criticism, Mr. Adams said he respected the former economic adviser’s opinion but insisted that he use his personal money on investments.

“I lost thousands of dollars in retiring from the stock market when the market crashed. Volatility is part of the investments we make, ”said Adams.

He insists that he wants to make New York City the center of innovation – whatever it is – and cultivates the not to be afraid spirit to look at all areas of innovation in order to move the city forward.

Mr. Adams is a former police officer known for his fight against racism. He is the second African American to be elected leader of America’s Greatest City. He will take up office in January 2022, succeeding Bill de Blasio, who will end his second term on December 31st.