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Mayor-elect Eric Adams said cryptocurrencies and blockchain-related technologies should be taught in schools. This isn’t the first time that Adams embraces cryptocurrency and blockchain technology. “When I talked about blockchain and bitcoins, young people on street stopped and asked me, ‘What is that?’” Adams said on CNN Sunday. When asked to explain Bitcoin, Adams laughed and said that’s up to experts to do. Bitcoin, Adams explained, is a “new way of paying for goods and services throughout the entire globe.” “And that’s what we must do — open our schools to teach the technology and teach this new way of thinking.” Nonetheless, Adams didn’t provide any information on how Bitcoin technology should be taught and at what level. Meanwhile, when he asked if the Democrats will encourage Bitcoin adoption or altcoins, he said, “We are going to look at it, and we are going to tread carefully. We are going to get it right.” Adams has been direct about embracing cryptocurrency and positioning New York City as a capital of the rising sector.

Adams wants to get paid in Bitcoin

Last week, he announced that he will get his 1^st three paychecks – as a mayor – in Bitcoin. Still, some have questioned how committed is Adams to cryptocurrencies. For instance, Jason Furman, a Harvard professor and a former member of the Council of Economic Advisors under the Obama Administration, criticized Adams’ plan, calling it a “bad economic strategy for NYC.” “It also seems like a conflict of interest,” Furman tweeted. “Like a mayor announcing, ‘I’m buying a lot of Amazon stock and then going to put in places policies to benefit Amazon.” Responding to that accusation on CNN Sunday, Adams said he respects Furman’s opinion and that he is supporting Bitcoin using his personal finance. “He has his analysis, Adams said of Furman’s tweet. “I have my analysis that I want to make sure that this city becomes the center of innovation no matter what that innovation is.”