The new Mayor is confident about Bitcoin’s future and wants to bring more young people into the space.

Bitcoin (BTC) is a New York state of mind thing for Eric Adams, the crypto advocate serving as the 110th mayor of New York City. He received his first Bitcoin payout on Friday during some epic downward price action and was unflappable when asked about losses during an interview.  Bitcoin’s price has taken a nosedive from Friday highs of $41,000 to $35,000, meaning Adams has effectively taken a 15% haircut on his first wages. In light of the plummeting price action, a CNN interviewer asked on Sunday, “How much money did you lose, and do you have any regrets?” The recently instated mayor sidestepped the question, instead shining a spotlight on Bitcoin technology while making comparisons to investing in the S&P 500: “It’s the same as when I invested in the stock market; we saw a...