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Originally Published: Nov 05, 2021
Originally Published: Nov 05, 2021 Last Updated: Nov 05, 2021 5 min read
Eric Adams Holds Event On Night Of New York Mayoral Election
New York City Mayor-Elect Eric Adams
Getty Images

New York City's soon-to-be mayor doesn't want his first paychecks in dollars. He wants Bitcoin.

Mayor-elect Eric Adams tweeted Thursday that he is going to take his first three paychecks on the new job in Bitcoin.

"NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!" he added.

The statement is the latest episode in the "friendly competition" between Adams and Miami's freshly reelected Mayor Francis Suarez over which big city will be the crypto capital of the U.S. Adam's tweet was in response to one from Suarez earlier this week that said: "I’m going to take my next paycheck 100% in bitcoin."

Suarez has a head start in terms of crypto bragging rights. Back in February, Suarez said he wanted to allow city workers to be paid in Bitcoin, and for Miami to collect taxes and fees in the cryptocurrency. The Florida city also hosted a major Bitcoin conference (which Suarez provided opening remarks at), is trying to woo crypto miners and even launched its own cryptocurrency called MiamiCoin.