Deputy Mayor of New York City Phil Banks said he has bought Bitcoin and Ethereum worth between $15,000 and $150,000turns out to be a crypto investor.
New York: Phil Banks and the Buying of Bitcoin and Ethereum
Phil BanksDeputy Mayor of New York, announced that he is also a crypto investor and claims to be bought Bitcoin (BTC) and Ethereum (ETH) worth between $15,000 and $150,000.
JUST IN: NYC Deputy Mayor of Public Safety announced that he has bought between $15,000 and $150,000 worth of #Bitcoin & #Ethereum.
— Watcher.Guru (@WatcherGuru) August 16, 2022
“NYC Deputy Mayor for Public Safety announced that he has bought between $15,000 and $150,000 worth of Bitcoin and Ethereum.”
Apparently, crypto assets in New York are interesting targets for many government officials.
Not only that, Banks also said his net worth has tripled over the past eight years. In addition to cryptocurrencies, Banks has invested in Tesla Inc., Apple Inc., and Meta Platforms Inc.
New York and government officials who are pro-bitcoin and crypto
When thinking of New York City, it’s impossible not to mention its mayor Eric Adamswho has already spoken out during his election campaign pro-bitcoin and wanted to turn the city into a “bitcoin hub”.
When he became mayor last November 2021, adams spoken immediately public about wanting to receive his salary in BTC. More specifically, it was his first three salaries in bitcoin.
It was something that surfaced via a tweet he did in a discussion also involving the Mayor of Miami Francis Suarez, in which he also announced that he would like to receive his next salary in BTC.
Anthony Pomplianothe author of this discussion, pointed out that a kind of A competition had begun between the two mayorswho have actually made themselves Promoter of the crypto sector.
BTC price action has been overtaken by memecoins
Meanwhile, during the day yesterday, memecoin price action Dogecoin (DOGE) and Shiba Inu (SHIB) was analyzed, which appears to have surpassed that of crypto queen Bitcoin (BTC).
And indeed, in the past seven days DOGE recorded a price pump of +22% while SHIB recorded +29% compared to the 2.9% recorded by BTC.
In the last 24 hours, the situation does not seem to have changed. While Bitcoin is up +1% priced at $24,138, DOGE is +10% and SHIB +2.80%.
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