Newly-elected New York Metropolis Mayor Eric Adams has reiterated his pledge to make the metropolis a crypto hub past accepting his first three paychecks entirely in Bitcoin (BTC).

In a Thursday response on Twitter to Francis Suarez — re-elected for some other term as of Tuesday — Adams said he would be matching the Miami mayor'due south pledge to accept his next paycheck in Bitcoin in add-on to the following 2 payments. Assuming Adams accepts a base salary of $258,750, his monthly paychecks would be roughly $21,562 each, a total of 1.05 BTC at a price of $61,268.

The incoming NYC mayor's social media banter comes less than ii days after winning the city election with 72.8% of the vote. He is expected to take office on Jan. ane, then in that location is e'er the possibility the BTC price could modify significantly before Adams is sworn in. The crypto nugget has experienced significant volatility this month, rising more than x% from under $50,000 in early October to $61,268 at the time of publication.

Both Adams and Suarez, as political candidates and public servants, take advocated that their cities become crypto hubs in the United States. The mayor-elect said he planned to make New York City "the center of Bitcoins" if he won his race, while Suarez has been vocal about his intentions to make Miami the metropolis with "the most progressive crypto laws" in the United States.

Suarez's response to Adams' paycheck challenge hints that the Miami mayor sees their race to adopt Bitcoin as anything only hostile. Withal, Adams would likely receive significantly more BTC from his paychecks, given his $258,750 annual salary to Suarez'due south estimated $97,000.

"Congrats on the ballot," said Suarez. "I look forrard to the friendly contest in making our respective cities a crypto capital."

Related: Crypto City: Guide to New York

Both New York Metropolis and Miami have often been the focus of many in the crypto space due to precedent-setting policies and events. In June, President Nayib Bukele appear his plans to make BTC legal tender in El Salvador at the Bitcoin 2022 conference in Miami. In add-on, the New York Attorney Full general's office has been responsible for many enforcement cases against crypto firms including Coinseed, Bitfinex, and Tether.