With the development of the Bitcoin 2025 conference in Las Vegas, the mayor of New York City Eric Adams announced that the city will issue financial tools backed by bitcoin. Specifically, Adams says he will do everything in his power to launch BitBonds in New York, which enhances the city’s place in the global financial renaissance.
New York Peponds is targeting to attract investors
The mayor of New York City Eric Adams says the city will be the first to launch municipal bonds supported by Bitcoin to investors. Adams revealed the plans in The main address At the Bitcoin 2025 summit, plans to a wave of financial tools supported by Bitcoin.
The mayor of New York City, which is called BitBonds, says the financial tool will meet the increasing demographic needs in the city. Adams confirmed that BitBonds will become the financial tool for Bitcoin holders in New York City.
A huge fracture: New York City mayor says it will be the first city in the world to issue a #Bitcoin Bond
BTC financial tools are coming. Huge
pic.twitter.com/rlr1istn34
Bitcoin (Pete_rizo_) May 28, 2025
If offering, BitBonds will rely on New York on Bitcoin as a guarantee or support instead of FIAT. At this point, it is still unclear whether or not municipal bonds will pay benefit in BTC or FIAT.
“It is time for the first time in the history of this city to have a financial tool that is made for those who are bitcoin owners,” Adams said. “I think we need to get a bitbond.”
As part of his commitment to converting New York City to the world of cryptocurrency in the world, Adams recently revealed the city’s encryption council.
Adams says Bitcoin is the next development of money
Meanwhile, in his main speech, Adams stressed that Bitcoin is the next development of money. The history of the currency follows from the use of shells in 12000 BC to metal currencies and eventually paper notes.
New York City mayor argues that the financial environmental system is ready for its next development, and New York will be at the forefront with BitBonds. Adams publicly supported Bitcoin, and accepted his famous BTC salaries again in 2021.
Moreover, Adams believes that New York’s embrace of the encoded currency will affect the successive influence throughout the United States, the Bitlicense condition of the state’s financial organizer may constitute an obstacle to BitBond aspirations in New York City.
In his speech, Adams pointed to the increasing market value of Bitcoin as evidence of its benefit in financial applications. It is worth noting that Bitcoin set a new ATH of $ 111,970 this month in a march led by institutional purchases and retail trade.
Alio Bokima
Aliyu Pokima is an encrypted journalist and a tattoo of the emerging techniques with talent to cover the stories of needing needle in space. Aliyu offers urgent news stories, organizational updates, and insightful analysis with depth and accuracy. When he does not wander in the plans or the late follow -up, Aliyu enjoys playing guitar guitar, lifting weights and ran the marathon.
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