Democratic New York City Mayor-elect Eric Adams said children in school should learn about crypto-technology, arguing it would raise awareness on the workings of influential cryptocurrencies such as Bitcoin.
“Cryptocurrency is a new way for paying for goods and services,” he said. “We must open our schools to teach the technology, to teach this new way of thinking when it comes down to paying for goods and services.”
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Several high schools and universities have begun incorporating crypto-topics within their curriculum, Adams said. He did not clarify which level of education these lessons would most likely be implemented, according to the interview with State of the Union on CNN.
Not everyone shares the mayor-elect’s enthusiasm about pushing for a more crypto-friendly New York City, according to a report.
The plan to bring Bitcoin lessons to school is a “bad economic strategy for NYC,” said Jason Furman, a Harvard professor and a former member of the Council of Economic Advisers under the Obama administration.
Not only is this a bad economic strategy for NYC and a bad investment decision, it also seems like a conflict of interest.
Like a Mayor announcing “I’m buying a lot of Amazon stock and then going to put in places policies to benefit Amazon.”https://t.co/kuSQ06KVj4
— Jason Furman (@jasonfurman) November 5, 2021
“It also seems like a conflict of interest,” Furman said. “Like a mayor announcing, ‘I’m buying a lot of Amazon stock and then going to put in places policies to benefit Amazon.'”
This comes as the newly elected mayor said he would receive his first three paychecks in Bitcoin, tweeting New York City would become “the center of the cryptocurrency industry and other fast-growing, innovative industries!”
Alongside an introduction in schools, Adams suggested the city might begin to bring cryptocurrency into everyday purchases.
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“We are going to look at it, and we are going to tread carefully,” he said. “We are going to get it right.”
