Mayor Loses Up To $5.8K With Crypto Paychecks, Report Finds

NEW YORK, NY — Mayor Eric Adams' faith in cryptocurrency apparently has a pretty high price-tag.

A mayoral spokesperson told the Daily News this week that Adams has yet to rethink his stance on crypto despite losing an estimated $5,800 on the three paychecks he converted into the digital currency.

“Simple answer is no," spokesperson Fabien Levy told the outlet.

The News calculated that Adams has lost about 30 percent of his total investment into crypto, which they estimated at around $19,215 given his promise to convert his first three paychecks (after taxes) into Bitcoin and Ethereum.

The loss comes after a massive "crypto meltdown" fueled a nosedive for the the two digital currencies, according to reports.

New Yorkers who had already trolled Adams for converting his first paycheck were quick to take a jab at the mayor's financial woes.

"Do you think Eric Adams is regretting getting his paycheck in crypto, or is housing cheaper in NJ so he doesn't care?" joked one New Yorker, riffing on campaign rumors that the mayor lives in New Jersey.

"Eric Adams took his paycheck in crypto, I better not see him jumping the turnstile now," jabbed another.

Read the full Daily News analysis here.