It should be noted that cryptocurrencies are now on the radar of even those who have not been involved with them. This is primarily due to new records for Bitcoin and other coins, but there are other factors as well. In particular, last night it was revealed that Apple CEO Tim Cook is investing in crypto. He said he had been interested in the topic for "some time" and had been researching it.

Here’s a video in which Tim answers questions about crypto. Cook also noted that holding coins “as part of a diversified portfolio makes good sense”.

The positives in the crypto niche don’t end there.

What will allow Bitcoin to grow

According to the expert, the most fundamental strength of the crypto industry is the so-called zero “ideological” level of projects. This is what first-tier innovations – Bitcoin or Etherium, for example – and second-tier ones, i.e. various solutions for scaling cryptocurrencies, are built on.

Here’s Balaji Srinivasan’s rejoinder, in which he shares his take on what’s happening around the digital asset niche. The quote is quoted by Decrypt.

L0 is an ideological level, ideas in people’s heads.

Balaji Srinivasan, former CTO of cryptocurrency exchange Coinbase

According to Srinivasan, crypto-enthusiasts need to start thinking about protecting the industry on a “sub-national” and “international” level, rather than wasting their energies on issues of national proportions. For example, confronting the Chinese government’s reluctance to accept Bitcoin is pointless for now.

China is already closed.

The industry should focus its efforts on cities that embrace cryptoinnovation. Here we are talking about Miami and New York, as well as the US states of Wyoming, Colorado and Texas. In addition, Srinivasan did not forget to mention El Salvador as a kind of “cryptoray” for investors.


As a reminder, it was in this country in early September that Bitcoin became legal tender for the first time in the world. This makes it possible to pay for goods and services almost everywhere, whether it is McDonald's or Starbucks.

And the logic behind interacting with the coins is quite simple. After an order is placed, the cashier generates an invoice for payment via the Lightning Network, and the customer scans the QR code and completes the transaction. On the Lightning Network, bitcoin transfers are virtually free, in addition, the transactions themselves are very fast. This means that using Bitcoin here on a daily basis is more than realistic.

Speaking of cities. New York City could soon become a major hub of crypto-innovation on the world map – all thanks to the efforts of newly elected Mayor Eric Adams. Earlier, he said he was ready to get his paycheck in Bitcoin. Now he’s calling for the launch of an “urban” cryptocurrency like CityCoin. Such a startup is already generating revenue for Miami’s municipal budget, where MiamiCoin operates.

New York Mayor Eric Adams

We have written about the MiamiCoin project in detail in a separate article. We recommend reading it to understand the essence and purpose of the coin, as well as possible prospects for its development.

Adams plans to create an analogue of the project and name it NYCCoin. The cryptocurrency can already be mined, bought and sold in the near future. A portion of the commissions and income from the transactions and mining will go to the city budget, which will then be used for various infrastructure projects. Here’s a quote from the CityCoins announcement on Twitter.

Over the past decade, New York City has become a leading hub for technological innovation. CityCoins harness the energy and entrepreneurial spirit of New York City to the city’s advantage.

Accordingly, expect the release of the project in the near future – and it seems logical. After all, cryptocurrencies are now gradually increasing in popularity on the back of Bitcoin’s rise. Yesterday, the coin set a new record at $68,524, which was also accompanied by highs of other major projects. So there are more than enough reasons for New Yorkers and others to get in touch with digital assets right now.

Bitcoin hourly chart

We believe that the promotion of cryptocurrencies in New York will set an example for other cities around the world. And even if it doesn't come to creating its own coins for major metropolitan areas, many investors will surely pay attention to digital assets. So the immediate future of coins and their further popularisation seems to be a matter of time.

Follow the progress of the New York City Mayor’s office in adopting new crypto projects in our Millionaires Cryptochat. There, we’ll talk about other topics that affect the world of blockchain assets in one way or another.