Eric Adams Wants Bitcoin on Wall Street—Literally
New York City Mayor Eric Adams is once again doubling down on crypto. This time, he’s pitching a revolutionary bond initiative he’s calling the “BitBond.” Speaking at the Bitcoin 2025 Conference in Las Vegas, Adams said it’s time for NYC to lead the charge in integrating Bitcoin into traditional finance.
With this, Adams aims to make NYC the first American city to offer Bitcoin-enhanced municipal bonds, a concept that blends fixed income security with the upside of BTC price gains.
What Are BitBonds?
The BitBond concept was introduced by the Bitcoin Policy Institute (BPI) last month as a hybrid financial product. In essence, BitBonds:
- Pay a fixed interest rate like traditional Treasury bonds
- Also gain value if Bitcoin’s price rises
- Could be issued by municipalities, states, or even national governments
- Aim to lower borrowing costs while attracting crypto investors
The idea is to use Bitcoin’s bullish potential to enhance returns for bondholders, while still preserving the predictability of bond income.
A Strategic Play for NYC
By backing this proposal, Adams wants to cement New York City’s status as a digital finance capital—a bold pivot from traditional Wall Street structures. BitBonds would allow:
- Retail and institutional investors to hold NYC municipal debt with a crypto kicker
- The city to potentially reduce interest expenses on bond issuances
- New York to attract Web3 startups, DeFi innovators, and blockchain investors
It’s also a play to retain crypto capital and jobs in a city that’s faced talent and tax outflows to crypto-friendlier states like Florida and Texas.
Policy Think Tank Sees Federal Potential
According to the Bitcoin Policy Institute, BitBonds could have national implications:
- Help restructure U.S. debt, which exceeds $34 trillion
- Allow strategic Bitcoin reserves to be integrated into the Treasury framework
- Offer a modernized alternative to traditional debt financing
With federal and state governments exploring ways to integrate crypto into official structures, BitBonds could be a key tool for public finance reform in the digital age.
Can Adams Make It Happen?
While Adams has long been a vocal crypto advocate—taking his first paycheck in Bitcoin and Ethereum back in 2022—the implementation of BitBonds will require regulatory coordination, state-level approvals, and clear federal guidance. Still, his renewed push signals that crypto is becoming a core theme in NYC’s economic agenda, and his alignment with major thought leaders like the Bitcoin Policy Institute gives the proposal added weight.
