Mayor-Elect Eric Adams says Bitcoin Technology Should be Taught in Schools

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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.”