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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

New York Mayor Says Cryptocurrencies Should Be Taught In Schools

Best Owie
Best Owie
3 years ago
3 mins read
Picture of New York Mayor-elect Eric Adams that says cryptocurrencies should be taught in schools

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New York Mayor-Elect Eric Adams recently won the mayoral race for the city. On November 3rd, Adams became the second black man to be elected as mayor in the city of New York. The win was momentous in itself but Adams’s comments and stance on cryptocurrencies, bitcoin, in particular, have been what has pushed him into the limelight in recent days.

The mayor-elect had made the news days after his election when he said that he planned to receive his first three paychecks in bitcoin. This was in response to Miami’s Mayor Francis Suarez’s comment that he was going to receive a paycheck in bitcoin.

Related Reading | New York Mayor-Elect Will Take Bitcoin For First Three Paychecks

Adams has always been open with residents about his plans for the city when it comes to crypto. According to the mayor, he was working towards making New York the crypto hub of the nation, and now, the mayor-elect has revealed another approach to helping residents become more literate when it comes to cryptocurrencies.

Teaching Cryptocurrencies In Schools

Mayor-elect Adams was on CNN’s “State of the Union” to talk about his plans for the future. Adams is yet to be sworn into office and it’s likely that this will take place in 2022. However, this has not stopped the mayor from taking action on policy changes.

The mayor told CNN that he was usually stopped by young people who asked him what bitcoin and blockchain technology was. Adams saw this as a problem bred out of a lack of education and put forward that it was time that schools started teaching about cryptocurrencies in schools. “That’s what we must do, open our schools to teach the technology and teach this new way of thinking.”

Teaching cryptocurrencies in schools is not a novel idea. A number of high schools and colleges have added cryptocurrency classes into their curriculums to help educate the young generation about the space and the technology behind it. Although what the crypto-friendly mayor Adams is proposing is on a much wider scale. Basically that cryptocurrencies should be taught in all schools.

Crypto total market cap chart from TradingView.com

Crypto market cap surges past $2.8 trillion | Source: Crypto Total Market Cap on TradingView.com

Putting New York At The Forefront

One of Adams’s goals for the city going forward is to make it a strong contender for Miami, which is currently one of the most crypto-friendly states in the nation. Mayor Suarez has successfully attracted a number of miners and blockchain businesses to the city through crypto-friendly laws and Mayor Adams wants to do the same. For Adams, cryptocurrencies are the future and New York needs to get on the train.

Related Reading | The Fractal That Puts Bitcoin At $100,000 Before Year-End

The Democrat also talked to CNN about the possibility of accepting bitcoin payments in the city. Although the mayor-elect did not definitively say that the city would begin implementing crypto payments, he explained that the option would be explored. “We are going to look at it, and we are going to tread carefully. We are going to get it right,” said Adams.

Featured image from New York Post, chart from TradingView.com
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Best Owie
Best Owie

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality.

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Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best’s publications, which are always clear and concise, enabling easy reading and understanding for all.

Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best’s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community.

Best’s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information.

Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity.

When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world’s most quiet and well-behaved Husky. Best’s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well.

As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers.

Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best’s prolific career in the media industry is a testament of how hard work and dedication pays.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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