Eric Adams is the elected mayor of New York City. At one point, he demands to students about study the crypto subject. He stated that digital currencies will the future of finance and he would like young people to be financially ready and aware of what could come in the near future.
Eric Adams: Study Crypto Subject at School
At this point, any person who is skeptical about cryptocurrency is likely to come to a sigh and lament the lack of momentum that it could not benefit from. Bitcoin is an example. It is the biggest digital currency according to market capitalization at the time of writing, it’s currently trading at $66,000.
Ethereum has also reached a new highest level, and the cryptocurrency market is today valued at more than $3 trillion. However, fiat currency is predominant in how businesses perform traditional transactions. In the meantime, more and more businesses are trying to take advantage of the growing market for monetary transactions.
Eric Adams seems to believe that as time passes the cryptocurrency market will grow and stronger, making them even more robust. So, kids should provide an overview of study the crypto subject from now on. This will ensure that they are prepared to in a rapidly changing future. In a recent interview, Adams explained:
"Cryptocurrencies are a brand new method to purchase goods and services. We must allow our schools to be a classroom for the latest technology and to introduce this new method of the way to pay for products as well as services."
One of the biggest issues left out of the world of cryptocurrency is education. While the field is growing larger, it appears that not everyone is knowledgeable about it, and isn’t aware of it. There are a myriad of trading platforms on the market. However, not all of them are knowledgeable about the technology behind the ever-changing market of electronic assets.
Although Adams could have an idea that is right, he recognizes not all people think study kids about crypto via traditional methods is the most effective method. One of these critics can Jason Furman, a Harvard professor who was an ex-member of Obama’s Council of Economic Advisors.
In relation to Adams’ plan, he said that it wasn’t the most efficient way to run New York City. He also stated: “This could also be an issue of conflict of interest. As the mayor announced”I’m going to buy lots of Amazon stocks and will then go on to adopt policies that favor Amazon.’
Crypto As a Payment Mean
Naturally, Adams is a big fan who likes to study the subject of Crypto. He has recently fought a war of verbal battles between himself and Mayor Francis Suarez of Miami, Florida. He says that Miami is in a position to be a crypto-friendly city in the world. And he also claims that New York is almost taking over the city after he assumes office. And then he claims that planning to pay the first three wages he receives as the mayor of NYC in bitcoin-based payments.
He is also studying plans to allow businesses in New York City to accept payment with cryptocurrency for services and goods. He said:
"We will look at the situation and walk cautiously. We'll do it right."
