According to Eric Adams, the next mayor of New York, schools should prepare kids to manage the world of bitcoin and digital assets. Eric Adams, the newly elected mayor of New York, seems to be reiterating his pro-crypto position, arguing that schools should add cryptocurrency studies into their curriculum.
Adams defined cryptocurrencies as a “new method of paying for products and services throughout the world” during a Nov. 7 interview with CNN’s State of the Union, pushing local schools to prepare pupils for “the new way of thinking” brought about by blockchain technology and digital assets.
“We must reopen our schools in order to educate technology and a new way of thinking.” Adams also remarked anecdotally that his youthful people had a shockingly low understanding of cryptocurrency. “When I spoke about blockchain technology and Bitcoins, young people stopped and questioned, ‘What is that?'” the 61-year-old Democrat said.
He also signaled intentions to encourage New York firms to accept Bitcoin (BTC) and other cryptocurrencies as payment, stating that he would “tread cautiously” and “get it right.” The mayor-elect said that New York must continue to be a “center of creativity, regardless of the kind of innovation.”
Adams’ words have elicited a range of responses on social media from the crypto community. “Crypto studies must be included into the school curriculum,” user “nimadows” remarked, adding that new investors must have “an open mind and adequate understanding” before venturing into the digital asset markets.
Others expressed opposition to the proposal, with “InnocenceCapit1” describing cryptocurrencies as “speculative rubbish.” They said that schools should prioritize “effectively teaching[ing] arithmetic, history, physics, language, and practical financial ideas.”
In response to recent critiques of Adams from Harvard economist Jason Furman, the Twitter user “OnlyAPrimate” characterized the mayor-recent elect’s advocacy for digital assets as “sort of grifty.” “considering Adams’ stated plan to collect his first three mayoral salaries in Bitcoin.
“I like Eric Adams, but I believe his job description does not include pushing up a crypto-currency in which he is going to get paid. It seems to be a little scruffy,” they said.
The new mayor’s policy program includes the goal of developing the city into a crypto center in the United States. Adams also said in a Wednesday interview with Bloomberg Radio that he intends to study the possibility of establishing a local cryptocurrency similar to MiamiCoin in New York.
New York would not be the first city in the United States to launch a crypto-related study program. The Georgia House of Representatives approved a measure in March requiring state education authorities to create a financial literacy curriculum in high schools that includes cryptocurrency.
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