The cryptocurrency-curious politician promised to put his first three paychecks — after taxes and other deductions — into the two largest cryptocurrencies, Bitcoin and Ethereum.
Mayor Eric Adams could be down about $600 — or 3 percent – in his cryptocurrency portfolio, according to a Post analysis.— after taxes and other deductions — into the two largest cryptocurrencies, Bitcoin and Ethereum.
City Hall declined to share the breakdown of his purchases, or say whether has bought or sold any crypto since cashing his first three checks. That loss is about 3 percent of his $17,864.40 cash investment — the total if he put his entire first three checks, after taxes but before other deductions — into crypto on Jan. 21, Feb. 4, and Feb. 18. The crypto value would have fallen to $17,271.54.