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Eric Adams down on bitcoin bets he invested paychecks in

JacksinPA

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The mayor earns $258,750 per year — or about $5,900 per biweekly check, after taxes but before other credits or deductions.

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Eric Adams Bitcoin

Eric Adams to take first three paychecks as mayor in bitcoin​


He made the Jan. 21 purchase through a direct deposit to Coinbase, a publicly-traded crypto exchange, City Hall said at the time.

Bitcoin is down about 18 percent since the start of the year. Ethereum is down an eye-watering 31 percent. But it’s been a volatile few months, with sharp ups and downs, and Adams’ first purchase in January came when coin prices were very low — so even as he lost money on his next two purchases, his early gains partially offset those later losses.
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The last place I want to put my money is into crypto currency.
 

The mayor earns $258,750 per year — or about $5,900 per biweekly check, after taxes but before other credits or deductions.

SEE ALSO​


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The last place I want to put my money is into crypto currency.
Well don't. No one is strong arming you!
 
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