Right then, chaps! New York City, that bustling metropolis of yellow cabs and questionable hot dog vendors, is apparently about to make a bit of a splash. A splash of the crypto variety, you see. Word on the street (or rather, from Mayor Eric Adams’ pronouncements at the Bitcoin 2025 conference in Las Vegas, a place where good taste goes to die) is that they’re launching something called “BitBonds.” Yes, you heard correctly. BitBonds. One shudders to think what the chaps at the Bank of England will make of it all. 🧐
His Worship, Mayor Adams, seems jolly keen on this whole shebang, declaring that the city will “do everything in its power” to roll out these BitBonds. Apparently, it’s all part of a cunning plan to transform New York into the global capital of crypto finance. One can only imagine the monocles popping out at the New York Stock Exchange. These bonds, you see, will be backed by Bitcoin, not that frightfully dull fiat currency we’re all used to. A novel approach, to say the least. 🤔
HUGE BREAKING: NEW YORK CITY MAYOR SAYS HE WILL BE THE 1st CITY IN THE WORLD TO ISSUE A #BITCOIN BOND
FINANCIAL INSTRUMENTS BACKED BY BTC ARE COMING. MASSIVE 🔥🔥🔥
— The Bitcoin Historian (@pete_rizzo_) May 28, 2025
“It’s time for this city to have a financial instrument built for Bitcoin holders,” quoth the Mayor. Whether the interest will be paid in BTC or good old-fashioned folding money remains a mystery, but the whole thing is causing quite a stir, I tell you. A stir, indeed! ☕
The idea, as far as one can gather, is to lure in those Bitcoin-savvy investors (a breed unto themselves, I’m sure) and keep NYC at the cutting edge of this developing financial whatsit. To this end, Adams has even set up a Crypto Council. One pictures a gaggle of chaps in tweed suits, huddled around a computer, trying to decipher the mysteries of the blockchain. 🤣
The Mayor, in a moment of philosophical profundity, declared Bitcoin to be the “next evolution of money,” tracing its lineage from ancient shells to these modern digital whatsits. He seems to think New York’s bold move will inspire other cities and states to follow suit. One can only hope they have a strong stomach for volatility. 🤢
Of course, there might be a few hiccups along the way. Regulations, you see, are frightfully tiresome things. And getting a “BitLicense” from New York State’s financial authorities sounds about as pleasant as a visit to the dentist. 😬
Still, with Bitcoin having reached a new record high of $111,936 (a sum that would make even Croesus blush), it seems more and more people are keen to get in on the action. So, New York City is placing a rather large bet on Bitcoin and its future with these BitBonds. One can only wish them the best of British luck. They’ll need it. 🤞
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2025-05-29 07:19