I couldn't care less about the opinions of the New York City major in regards to Bitcoin.
His opinion may be relevant to people living in that city or the US, but I agree that for the rest of us it means absolutely nothing - because even though I follow the situation in the US, I wouldn’t know who the mayor of NY is if someone asked me.
But we know others are probably troubled when Bitcoin is losing almost 40% from its ATH price. The fear level has risen. As a matter of fact, extreme fear is being recorded for the last couple of days.[1]
Rare are those who are not upset with the development of events, and this includes those experienced who have already experienced similar things. Expectations were too high, people were investing in hopes of $100k by the end of the year, and now the question is where the price will stop. Those who can wait and will not sell in the long run will probably not lose anything, but a lot of weak hands have already lost money and will continue to do so in the coming days. Another big reminder for all those who live in the belief that it is easy to get rich overnight, Bitcoin is always preparing surprises - they are just not always good.