The newly sworn-in New York City Mayor Eric Adams has used his influence to talk publicly about buying the recent Bitcoin decline.

In an interview with CNBC’s Squawk Box on Thursday, Adams Say He has not received his first salary as Mayor of New York City, but reiterated that his goal is to make the city a Bitcoin (Bitcoin) And encryption center. When co-anchor Andrew Ross Sorkin pointed out that the price of crypto assets has “fallen”- As low as 43,000 USD Earlier Thursday-The Mayor of New York City didn’t seem to be intimidated.

Adams said: “Sometimes the best time to buy is when things fall, so when they pick up, you will make a substantial profit. We need to use blockchain technology, Bitcoin, and all other forms of technology. I Hope that New York City will become the center of this technology.”

“Sometimes the best time to buy is when things are down,” said @New York mayor exist #Bitcoin. “I want to pay my first three salaries #Bitcoin. I haven’t received my first check. ” pic.twitter.com/dqGkVYxOKg

-Squawk Box (@SquawkCNBC) January 6, 2022

Adams has been in office for five days After the November election victory, Is succeeding Bill de Blasio as Mayor of New York City.During the campaign, Adams Promise to make New York City A technology center that will become a “cyber security center, self-driving car center, drone center, and Bitcoin center” defeats Andrew Yang, a cryptocurrency-friendly businessman, to become a Democratic candidate.

As part of his efforts to promote encryption and blockchain technology – or may be inspired Discord with Miami Mayor Francis Suarez — Adams announced after the election that he Plan to receive his first three salaries In Bitcoin. Assuming that the mayor of New York City receives a basic salary of US$258,750, his monthly salary is approximately US$21,562 per person, totaling 1.51 BTC, and the price is US$42,948.

related: Mayor of Miami plans to accept next salary paid entirely in Bitcoin

New York State is often the center of media attention related to the regulation and enforcement of U.S. encryption companies.The New York Attorney General’s Office is responsible for resolving the case against Bitfinex and Tether, which was launched in February Agree to pay $18.5 million In damages and ordered Coinseed is closed After the company allegedly defrauded more than $1 million from investors.