In an interview with CNBC, New York Mayor Eric Adams made a strong case for buying military-technical cooperation during a market decline.
Speaking on CNBC's Squawk Box on Wednesday, the new mayor urged not to be alarmed by the ongoing crypto market correction. Price fluctuations in financial markets are an excellent opportunity to profitably buy and sell assets.
A downward movement is the best time to buy. When the asset goes up, you can make good money.
Earlier, Eric Adams stated that he intends to receive his first three salaries in “digital gold”, to the great joy of the crypto community. He also promised to make New York a "hub" for the fast-growing industry, following in the footsteps of Miami Mayor Francis Suarez. The mayor confirmed the plan:
I want New York to become a cryptocurrency hub.
The cryptocurrency-friendly mayor has also proposed teaching cryptocurrencies and blockchain technology in schools, and floated the idea of allowing retailers to accept Bitcoin.
Experts say the collapse of the crypto market was provoked by events in Kazakhstan and the policy of the US Federal Reserve. Crypto traders lost more than $810 million due to forced liquidations of longs.
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