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Cryptocurrency is the new battlefield for American politicians

Cryptocurrency is the new battlefield for American politicians

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Answer Cryptocurrency is the new battlefield for American politicians

American politicians have started to adopt cryptocurrencies at an increasing rate, especially in the recent period, and it can even be said that it has become a fashion.

With the digital asset industry emerging as a new battleground for crowd influence, and in the past week alone, four US mayors have announced accepting their Bitcoin salaries.

It all started with Miami Mayor Francis Suarez announcing that he would accept his next 100% salary in Bitcoin.

Eric Adams, the mayor-elect of New York City, followed suit by raising the bar even higher and announcing that he would be taking his first three Bitcoin salaries.

Miami mayor becomes first politician to get paid in bitcoin

Read:“Novi” wallet and in partnership with “WhatsApp” announce the trial of cryptocurrency payments

He was followed by Scott Conger, Mayor of Jackson, Tennessee.

in Tweet Posted by Conger on Thursday, he said that even though city laws prevent him from accepting bitcoin directly, he will immediately convert his next salary to bitcoin.

With the development of the cryptocurrency landscape, it is clear that politicians in these regions are taking steps to influence the crypto industry.

Crypto city in the United States of America:

There is a sudden increase in demand for masters of the cryptocurrency sector, as jobs in the industry are rapidly booming.

Citing LinkedIn data, Bloomberg reported that New York, San Francisco and Los Angeles had the largest share of crypto-related employment this year in 2021.

It is followed by metropolitan areas such as Miami and Chicago.

Interestingly, the industry is not as concentrated in one center as finance in New York, technology in San Francisco and films in Hollywood.

Diogo Monica, co-founder of Anchorage Digital, told Bloomberg:

Crypto companies are an extreme version of technology, where the ethos of their business revolves around decentralization.

Read:Mike Novogratz is investing more in gold than bitcoin at the moment, according to his statement

This means that cities and countries with low taxes, great infrastructure and quick access to an international airport will benefit from working completely remotely.

Miami Mayor Francis Suarez has spoken a lot about making the city the crypto capital of the world.

Read:The 3 most famous fake bitcoin trading sites… you should beware of them

He believes that different parts of the United States will naturally have a competitive advantage. Suarez added:

The medium to long-term prospects are enormous.

It is as transformative as the Industrial Revolution.

Cryptocurrency miners are moving to areas where there is an abundance of green energy.

On the other hand, cryptocurrency companies are establishing their base in urban areas.

It will be interesting to see which American city will emerge as the capital of cryptocurrency in the future.

Read also:

Bakkt allows its users to buy and sell Ethereum (ETH)

Michael Saylor: Bitcoin ETFs Will Completely Replace Gold ETFs In The Next Two Years



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