A Tale Of 3 Mayors And Bitcoin’s Climb From $754 To $107,000

Jeff Park from Bitwise notes that Bitcoin has grown from a risky experiment to a six-figure asset over three New York mayoral terms. When Michael Bloomberg left office in 2013, Bitcoin was worth around $754, and now it's trading above $107,000. This represents a 14,590% increase in just over a decade. During Bill de Blasio's two terms, Bitcoin climbed from $754 to roughly $47,000. The crypto market had its ups and downs, but the overall trend pointed upward under his watch. When Eric Adams became mayor in 2022, he took his first paychecks in Bitcoin, sending a clear message that New York was open to crypto. Despite a tough 2022 bear phase, Bitcoin bounced back strong in 2023 and continued to grow. Park uses the mayor count as a storytelling tool to call for a break between money and government, advocating for financial freedom outside state control. Bitcoin's steady rise speaks to this idea, and its growth is driven by global demand, big investors, and other factors beyond City Hall. As New York prepares for its next election, Bitcoin stands as proof that financial tools can live beyond politics.