๐๏ธ ๐ก๐ฌ๐ ๐ ๐ฎ๐๐ผ๐ฟ ๐ฃ๐๐๐ต๐ฒ๐ ๐ณ๐ผ๐ฟ โ๐๐ถ๐๐๐ผ๐ป๐ฑโ โ ๐ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป-๐๐ฎ๐ฐ๐ธ๐ฒ๐ฑ ๐๐ถ๐๐ ๐๐ผ๐ป๐ฑ
โฌ๏ธ NYC Mayor Eric Adams just announced plans for a โBitBondโ โ a municipal bond backed by Bitcoin
โฌ๏ธ Revealed during the Bitcoin 2025 Conference in Las Vegas, sharing stage with VP J.D. Vance & Vivek Ramaswamy
โฌ๏ธ NYC would be the first city in the world to issue a BTC-backed bond
๐ Key Highlights:
โก๏ธ Adams: โIโm going to fight to get a BitBond in New Yorkโ
โก๏ธ Wants to scrap the BitLicense, calling it a barrier to crypto innovation
โก๏ธ BitBond may offer tax-advantaged BTC exposure for NYC residents
โก๏ธ 90% of funds could go to public spending, 10% to buying BTC (per Bitcoin Policy Institute brief)
โก๏ธ Still no timeline, but Adams is running for re-election as an independent and pushing pro-crypto reforms
๐๏ธ Why This Matters:
โฌ๏ธ Could open the door for government-backed Bitcoin investing
โฌ๏ธ Signals a major shift in city-level crypto adoption
โฌ๏ธ If successful, other cities may follow with BTC-based financing tools
๐ฌ Should more cities launch Bitcoin-backed bonds? Would you buy a โBitBondโ?