In brief

  • Eric Adams, who previously promised to make New York City a "center of Bitcoins," has won the city's Democratic mayoral primary.
  • He has some stiff competition from Miami mayor Francis Suarez, who wants Miami to be America's crypto hub.

Brooklyn borough president and Bitcoin advocate Eric Adams has won the Democratic mayoral primary in New York City, per election results released yesterday. 

While on the campaign trail last month, Adams vowed to make New York City into a “center of Bitcoins”.  

“We’re going to bring business here. We’re going to become the center of life science, the center of cybersecurity, the center of self-driving cars, drones, the center of Bitcoins,” Adams said while at a campaign watch party for in-person voting results.

Adams is not a newcomer to Bitcoin; speaking at an event in 2015, he described it as a "disruptive technology," announcing that, “I want Bitcoin. I want Airbnb. And I want marijuana dispensaries.”

But how will New York City compete with a cryptocurrency hub already set in motion in Miami? 

New York vs Miami, the battle for Bitcoin city

Speaking at an event last month, Adams complained that Miami is “beating New York in business”.

The city’s mayor, Francis Suarez, has already spent months making Miami America’s crypto hub. 

Miami recently hosted a Bitcoin Conference that brought the cryptocurrency’s loudest and proudest advocates to the city to make their case for the asset. In January, Mayor Suarez set about building his own cryptocurrency team—and hosted many publicized meetings with high profile crypto players like the Winklevoss twins.

In February, Suarez told Decrypt that he planned to personally buy some cryptocurrencies of his own. One month later, he bought some Bitcoin and Ethereum—but went cold on the idea of dabbling in Dogecoin. 

In other words, if Eric Adams wants to make New York the center of Bitcoins, he has to face up to some stiff competition down south. But he could find some support from former presidential candidate Andrew Yang.