According to a Thursday report, New York Mayor Eric Adams still keeps faith in cryptocurrencies in spite of the ongoing market turmoil.
Adams is convinced that cryptocurrencies present “an incredible opportunity” for the Big Apple.
Those who claim that the recent impede crypto’s long-term growth are “shortsighted,” according to the 62-year-old politician.
The largest cryptocurrency is currently trading at $16,712 after declining 75.88% from its record peak that was achieved a year ago.