New York Mayor Advocates BitBond to Attract Bitcoin Capital

• New York considers issuing Bitcoin-backed government bond
• Eric Adams Wants to Attract Crypto Capital for Infrastructure
• BitBond could mark a new phase in municipal finances

New York City Mayor Eric Adams has called for a new type of municipal bond aimed at Bitcoin investors. The idea, informally dubbed “BitBond,” was unveiled at the Bitcoin Conference 2025 in Las Vegas and aims to integrate digital assets into the city’s financing structure.

Adams said that this proposal represents an unprecedented step in local public finances.

“This is the first time in the history of this city that we have a financial instrument made for those who hold Bitcoin,” he said.

BitBond would be a title that would allow the city to raise funds directly from investors interested in investing in digital assets, offering a new avenue for fundraising and potentially reducing dependence on traditional financing models.

🇺🇸 BREAKING: NYC MAYOR ERIC ADAMS JUST ANNOUNCED HE'S GOING "TO FIGHT TO GET A BITBOND IN NEW YORK"

THIS IS MASSIVE 🚀 pic.twitter.com/8Ix0spHEOf

— The Bitcoin Conference (@TheBitcoinConf) May 28, 2025

While the initiative has not yet been formally detailed, the mayor said he intends to “push and fight” to put it into practice. He also invited the crypto community and blockchain developers to reconnect with New York.

“Thinking big and not being afraid of the future is what we want to do,” he added, reinforcing the desire to reposition the city as a global reference in financial technology. Adams’ speech suggests an attempt to regain the prominence lost after years of crypto companies leaving due to local regulatory rigidity.

In his message to the industry, he was blunt: “You no longer need to be afraid to be part of this great industry that has been attacked, criticized and prevented from progressing and growing.”

Adams has already shown public support for the sector by opting to receive part of his salary in Bitcoin. Now, with the BitBond idea, he signals that the local government can explore crypto-based financial solutions to diversify its fiscal strategy and open doors to new revenue sources.