TLDR

Bitcoin rose from $754 to over $106,000 between 2013 and 2025 during the terms of three New York City mayors.
Bitwise executive Jeff Park emphasized that Bitcoin’s growth remained steady despite political changes in the city.
During Michael Bloomberg’s final days in office, Bitcoin was still viewed as a speculative and risky asset.
Under Bill de Blasio’s two terms, Bitcoin gradually gained mainstream recognition and reached around $47,000 by 2021.
Eric Adams promoted cryptocurrency openly and received part of his salary in Bitcoin during his time in office.

Bitcoin surged from $754 to over $106,000 between 2013 and 2025, during the leadership of three New York City mayors. Bitwise executive Jeff Park highlighted this long-term growth as part of a broader commentary on financial independence. As political leadership changed, Bitcoin advanced independently, signaling a consistent upward trajectory across different administrations.

Bitwise Notes Bitcoin Boom Since 2014

When Michael Bloomberg exited office in December 2013, Bitcoin hovered at $754 and remained a speculative digital asset. Bitwise tracked the transition as Bill de Blasio began his tenure in January 2014, inheriting a city still largely unfamiliar with cryptocurrency. Although Bitcoin remained volatile, it slowly began gaining investor attention during de Blasio’s two-term administration.

Bitwise noted that Bitcoin grew steadily from 2014, surpassing the $1,000 mark and then moving toward five-digit territory by 2021. By the end of de Blasio’s administration in December 2021, Bitcoin had reached nearly $47,000. This performance marked a 6,132% increase under de Blasio’s mayoralty, according to Bitwise.

Throughout this time, mainstream adoption grew alongside increased institutional participation, which Bitwise identified as key momentum factors. Crypto exchanges expanded access, while awareness campaigns brought Bitcoin closer to the public eye. Although unrelated to city policy, the market shift unfolded alongside de Blasio’s political timeline.

Bitcoin Hits $106K Amid Political Shift

Eric Adams entered office in January 2022, promoting a pro-crypto stance that included receiving his salary in Bitcoin. Bitwise tracked market volatility during this time, noting a steep decline in 2022 followed by a recovery in 2023. Despite early losses, the overall trend remained positive, and Bitcoin climbed significantly.

The crypto recovery coincided with new investor interest, while Bitwise cited continued inflows into Bitcoin-related financial products. Adams, while not central to Bitcoin’s rise, aligned publicly with digital asset innovation and regulation. Bitwise recorded the Bitcoin price at $106,000 by mid-2025, suggesting a 126% increase during Adams’ time.

Zohran Mamdani, leading the Democratic primary, emerged as a likely successor following Adams’ shift to Independent candidacy. Bitwise observed this political transition alongside Bitcoin’s continued appreciation, independent of political platforms. The firm emphasized that Bitcoin operates on global economic forces, not local governance.

Bitwise Connects Market Growth to Broader Trends

Bitwise stated that Bitcoin’s rise from $754 to $106,000 represented a 14,597% increase across three administrations. The firm concluded that this price trajectory occurred regardless of political ideology or changes in city hall. Bitwise maintained that financial technologies like Bitcoin thrive due to decentralization, market confidence, and investor conviction.

The firm also emphasized a recurring trend where Bitcoin surged even amid leadership shifts and differing regulatory attitudes. Bitwise referred to this as evidence supporting the idea of separating money from state control. While city mayors governed policy, Bitcoin’s movement reflected broader investor sentiment and technological adoption.

Bitwise believes this long-term view supports the continued institutional interest in Bitcoin. As the 2025 election nears, the firm expects digital assets to remain part of the financial conversation

The post How Did Bitcoin Soar Across Mayors? Bitwise Uncovers the Pattern appeared first on CoinCentral.

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Filed under: News - @ June 25, 2025 9:29 pm