Here at PBRG, we’re not generally concerned about politics or election results…
But when one story from last Tuesday’s off-year election caught our attention, we knew we had to share it with our readers.
Two days after winning the mayoral election in New York City, candidate Eric Adams tweeted:
In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor…
NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!
Then on Sunday, Adams appeared on CNN’s “State of the Union” where he spoke about teaching bitcoin and crypto in schools and implementing a plan to encourage New York City businesses to accept crypto as payment.
Look, this is a huge deal…
Adams is the mayor of the most populous city in the country and the financial capital of the world. He’s soon to be the most-visible mayor in America, and he’ll soon oversee the city Wall Street calls home.
So it’ll be even harder for Wall Street’s crypto naysayers to badmouth bitcoin when local businesses and politicians are piling in to encourage crypto use and acceptance.
It also makes sense that Adams would want to be paid a portion of his salary in bitcoin…
In New York, the mayor’s annual salary is around $259,000… so roughly $21,600 a month.
Since Daily editor Teeka Tiwari predicts bitcoin will hit $500,000 in the coming years, just a single month’s salary paid in equivalent bitcoin (at today’s price of about $67,800 per coin) could be worth as much as $159,191…
And assuming Adams is paid every two weeks, those three paychecks could turn into $238,786.
So being paid in bitcoin gives him a chance to eventually earn almost his entire annual salary from just those three paychecks. (For context, if Adams serves his full term, he’d make $1.03 million in salary.)
It’s no wonder Adams asked to be paid bitcoin instead of cash.
But unlike Adams, most ordinary folk can’t demand their employer pay them in bitcoin…
Today, I’ll show you how you can collect your own income from crypto – even if you’re not the mayor of New York City.
Political Greed Is Good for Crypto
Longtime readers know Teeka says Wall Street Greed is the reason we’ll see crypto adoption take off. Now, we’re also seeing crypto greed from politicians.
Here’s Teeka…
The government isn’t looking to kill crypto, they are looking to tax it. And you can’t tax a corpse (death taxes aside, of course).
My point is I expect the long-term greed of politicians to guide their actions in defining the term “broker” in a way that allows them to shove their snouts in the crypto feeding trough without destroying it.
So, for now, I wouldn’t worry too much about it.
Politicians see crypto companies as way to stimulate job creation in their local economies… crypto transactions as a source of tax revenues… and increasingly, crypto projects as a personal investment
Governors like Jared Polis of Colorado and Greg Abbot of Texas have taken steps to make their states more crypto-friendly.
And on a local level, Miami Mayor Francis Suarez recently said he would accept his entire salary in bitcoin. He has worked hard to turn Miami into a crypto hub. And Tampa Mayor Jane Castor followed and agreed to accept two paychecks in bitcoin, too.
Senator Cynthia Lummis of Wyoming owns at least five bitcoins. And Senator Pat Toomey of Pennsylvania owns the Grayscale Bitcoin Trust.
Internationally, we’re also seeing countries like El Salvador experiment with bitcoin.
They made the crypto legal currency earlier this year… And the government has bought bitcoin in four separate transactions over the last two months.
President Nayib Bukele says he’ll use the bitcoin profits “to build the first 20 schools, fully equipped and modern.”
But here’s the thing about crypto…
You don’t need to be a big-city mayor or a Wall Street big shot to earn crypto paychecks. You just need a computer and a small amount of time…
How to Earn Your Own Crypto Paycheck
With Teeka’s $500,000 bitcoin prediction, we can understand why Adams wants to be paid in an appreciating currency… But most Main Street investors can’t ask their employers to pay them in bitcoin.
Luckily, there is a way for you to earn income from crypto, even if you can’t get it as salary.
“Tech Royalties” are small cryptos that allow you to collect income as their underlying projects grow… so by simply buying and holding, you’ll earn crypto income that will also rise in value with the rest of your investment.
But the benefits of Tech Royalties don’t stop there.
According to Teeka, a once-in-a-lifetime change called “The Second Phase” is about to send a handful of these cryptos soaring higher.
That’s why Teeka recently held a livestream where he explained this rare, one-time-only event and gave away the name of his No. 1 Tech Royalty for free to all who attended…
This crypto can be your first step toward achieving the S&P 500 equivalent of 10 lifetimes of wealth in just 365 days… but you need to act fast.
Teeka’s presentation won’t be online for long… and once the Second Phase triggers, it’ll be too late to capture its life-changing returns.
So if you want to join the ranks of people earning income from crypto, click here to watch the replay. It won’t be online much longer.
Regards,
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Grant Wasylik
Analyst, Palm Beach Daily