Bitcoin’s price has exploded over the past decade, coinciding with three New York mayoral terms. Let’s look at how this digital currency’s value has skyrocketed.
From $754 to $107,000+
When Michael Bloomberg left office in late 2013, Bitcoin was trading around $754. Fast forward to today, and it’s over $107,000! That’s a mind-boggling increase of roughly 14,590% in just over a decade.
Bitcoin’s Growth Under Three Mayors
This incredible growth happened under three different New York City mayors:
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Bill de Blasio (2014-2021): Bitcoin saw some ups and downs during his time, but the overall trend was strongly upward, reaching around $47,000 by the end of his term.
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Eric Adams (2022-present): Adams famously took his first paychecks in Bitcoin, signaling New York City’s openness to cryptocurrency. Despite a market downturn in 2022, Bitcoin recovered and continued its climb.
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Zohran Mamdani (Potential Future Mayor): With Mamdani likely to be the next mayor, it’s become a fun talking point to connect Bitcoin’s journey from Bloomberg’s era to a potential Mamdani administration.
More Than Just Mayoral Politics
While using the mayoral changes as a timeline is a neat trick, Bitcoin’s success isn’t solely due to New York City’s political landscape. Global demand, major investors, changes in Bitcoin mining, and Federal Reserve actions all play a huge role. The mayors just happen to provide convenient milestones along the way.
The Future of Bitcoin and Politics
Bitcoin’s continued growth shows that financial innovation can thrive independently of political shifts. The real question isn’t whether the next mayor supports crypto; it’s how high Bitcoin will go as it continues its independent journey.
