21st May 2025 > > ₿apps & NYC.

tl;dr

₿apps are a thing. New York is potentially undergoing a seismic shift in favour of cryptos, nearly four years later than promised.

Market Snap

Market Wrap

With UK inflation threatening to run out of control evidenced by the latest figures, the UK government is taking all the really hard decisions to rectify that situation including loosening restrictions around hiring and firing, cutting the tax on jobs aka national insurance, ensuring we have complete control over food and agricultural regulation whilst not handing it over to a third party, and keeping a tight lid on the wages paid to public sector workers, in particular train drivers.

Meanwhile the strengthening of the pound given the now elevated path for future sterling interest rates has taken some of the gloss off the $108k price for BTC we saw earlier today for UK investors.

Curious Cryptos’ meme corner

Remember how I always tell you to be an investor, not a speculator? This is why:

Curious Cryptos’ Commentary – ₿apps

₿apps are an actual thing, though for how long is not for me to say. My only comment is that I guess that play on words had to happen eventually.

The original, and the most enduring reference to boobies is one that we all know and love, though perhaps some of today’s moral guardians (in their eyes) might start to “literally shake” at some of the less than gentlemanly lyrics:

https://www.youtube.com/watch?v=5MlTg4RNQcc

This is my favourite reinterpretation:

https://www.youtube.com/watch?v=cMH1_wz7hB0

That’s proper down and dirty live music. I love it.

…

One time, a while back now, when I was perhaps less wise than I should have been, I was lucky enough to sing on stage with the Dub Pistols. Upfront with Barry and Seanie, Dave the drummer doing his thang, the bassist and the horn player doing their best to drown me out.

That was undoubtedly the very best part of that particular weekend. In some ways, that gig makes it all worthwhile.

Curious Cryptos’ Commentary – New York City

It had to happen eventually.

During the mayoral race for NYC way back on November 2nd, 2021, the CCC editorial team was excited to report the first instance of all the major political candidates standing for office on a platform that was pro-crypto. Duly elected as Mayor (NYC is pretty much a one-party fiefdom), Eric Adams symbolically took his first three pay packets in BTC. Since then? Nada. Until now.

Eric has set up “a digital assets advisory council”:

"We want to use technology of tomorrow to better serve New Yorkers today. We have experts right here, and they are going to help us navigate solutions that serve our city. We are lucky to have this type of human capital right here in the city of New York."

His ambition is to make NYC the “crypto capital of the globe”, which is a fine and upstanding target to aim for. Initial goals include using cryptos to pay for taxes (he is a politician after all – taxes and re-election are his only concerns) and using blockchain technology to record birth and death records.

Some more churlish than I might point out that NYC has some of the most draconian restrictions that prevent individuals from being able to invest in cryptos. But if this initiative is anything to go by, perhaps the powers that be are having a change of heart.

I wish him all the best.

…

Obviously, the fact that cryptos played an important role in last year’s presidential election, combined with the next mayoral election coming up in November this year, has had no influence at all on Eric’s sudden desire to fulfil his crypto promises of four years earlier.reason to be confident he will deliver much more in the coming months and years.