A Tale Of 3 Mayors And Bitcoin’s Climb From $754 To $107,000

According to Bitwise’s Jeff Park, Bitcoin has gone from a risky experiment to a six-figure asset over three New York mayoral terms.

It started near $754 when Michael Bloomberg left office in December 2013. Now, as the city prepares for its next election, it’s trading above $107,000. These numbers show a rise of about 14,590% in just over a decade.

Bill de Blasio took over in January 2014. At first, Bitcoin barely budged. But by December 2021, it hit roughly $47,000. That climb happened while de Blasio’s two terms played out on City Hall’s stage. The crypto market had its ups and downs, yet the overall trend pointed skyward under his watch.

Worth noting that in the time it took New York to go from Bloomberg to Mamdani, Bitcoin soared from $754 to $106,000+ today.

You may not see nor believe it right away, but this is actually not a coincidence.

Separate money from state.

— Jeff Park (@dgt10011) June 25, 2025

When Eric Adams stepped in as mayor in January 2022, he made headlines by taking his first paychecks in Bitcoin. The move sent a clear message that New York was open to crypto.

The market then endured a tough 2022 bear phase. Still, Bitcoin bounced back strong in 2023 and kept going. This month, it’s up about 3% and sits at $107,567, according to figures by Coingecko.

Park used the mayor count as a storytelling tool. He’s calling for a break between money and government. His view: people should choose how they handle their own cash.

Political shifts come and go, but Bitcoin keeps growing on its own terms. That steady rise speaks to the idea of financial freedom outside state control.

Zohran Mamdani has surged ahead in the Democratic primary after Adams declared an Independent bid. Since Democrats usually win in New York, many see Mamdani as the likely next mayor.

Park even joked that Bitcoin’s journey has moved “from Bloomberg to Mamdani.” That line underlines how the asset climbed, even as the city’s politics reshuffled itself.

It’s easy to draw lines between mayoral posters and price charts. But Bitcoin’s real drivers go beyond City Hall. Global demand, big investors, shifts in mining, and moves by the Federal Reserve have all shaped its path. New York’s mayors provide handy markers on the timeline, not the engine of growth.

As New York eyes November 2025, Bitcoin stands as proof that financial tools can live beyond politics. The question now isn’t whether the next mayor will back crypto. It’s how far Bitcoin will go when its story isn’t tied to any single office.

Featured image from Unsplash, chart from TradingView