THE MAYOR OF NEW YORK PLANS TO LAUNCH BONDS ON BITCOIN
The new instrument will allow investors to receive a fixed income, as well as benefit from the growth in the value of the first cryptocurrency. The corresponding idea was recently proposed by the Bitcoin Policy Institute.
BitBond will represent a treasury bond backed by bitcoin. According to analysts at BPI, such bonds could lower interest rates on U.S. government bonds and even address broader fiscal issues in the country, including the need to refinance trillions of dollars of national debt.
"For the first time in New York's history, we will have a financial instrument specifically designed for bitcoin holders. We need BitBond, and I am going to promote this idea and fight for the emergence of this instrument in New York so that everyone can invest in BitBond," said Eric Adams at the Bitcoin 2025 conference in Las Vegas.
Also during the conference, Adams emphasized that he wants to reduce regulatory pressure on the cryptocurrency industry in New York, including abolishing the need for a BitLicense, as its requirements are excessively strict.