First Europe With Bitcoin Salary

[gabbie2010]

I don't think that news alone will make an impact to the market and will cause bounce back in price, it's nothing if compared to China that bans Bitcoin it would be more effect if like Amazon, Tesla and other big companies start accepting Bitcoin I think that kind of news would make a small impact about the price but with Europe politician accepting Bitcoin as their salary is nothing but a good news but didn't sure if there would be an impact.

It's a funny that some crypto enthusiasts are expecting bitcoin price reversal and instant impact from such a news, massive institutional adoptions or a whale buying a large chunk of bitcoin are the yardstick that will trigger a price reversal else the price will continue it's down trending probably as a result of impact from chinese holiday, however the mean of earning salary with bitcoin adopted by the politician will project bitcoin into more limelight and probably encourage more politicians to follow suit.

[JrRini]

With every passing moment, crypto salary adoption continues to rise around the world. Historically, the adoption has been seen primarily between institutions and individuals, with recent events beginning to demonstrate those throughout the political sector beginning to embrace the cryptocurrency ecosystem.

According to reports, Beukelaer, a Brussels member of Parliament (MP) who represents the CDH, will be converting his monthly salary of EUR 5,500 into Bitcoin using Bit4You crypto trading platform, according to a report by Bruzz.

[yohananaomi]

I think it's too early to decide that everything has to be with bitcoin because the value of bitcoin can be too high and its movement is always changing, it's very risky to do that. maybe one day it will benefit and maybe one day it will be harmed, because of the nature of bitcoin itself which makes everything difficult to predict.

it's wiser to just use fiat or if you force to pay with stable coins, so that later it's up to them what they will do. because this is actually wiser because no one will be harmed, even though the action is very good and with the aim of advancing and familiarizing with bitcoin.

[fvb]

In my opinion this is good. Because I would also choose such a salary. Perhaps not all, but exactly half can be received in cryptocurrency. And yes, it's good for the industry as a whole. But the idea of ​​getting your money in a stablecoin is also relevant, because a person can make a choice in the future. Maybe he wants to buy another coin, not necessarily Bitcoin. In any case, the news is definitely interesting.

[Al Qiyamah]

This is not about protecting its money from inflation but it is news about Europe being the first to pay politicians salaries with Bitcoin.
It's not even politicians who want to be paid their salaries in bitcoin, but the seven NFL stars have chosen to be paid in Bitcoin as well.
For example NBA stars like Klay Thompson and Andre Iguodala have said that they will receive their salaries in bitcoin.

I am happy to know that more and more people are willing to be paid with Bitcoin, which means that many people are starting to believe in the benefits that can be obtained from owning Bitcoin digital assets . if more and more people want Bitcoin the better for the value of Bitcoin itself in the future.

[bojosari]

I totally agree that bitcoin can be used as a means of payment in the future. There is no hope in my own country, Indonesia. Along with technological developments that are growing day by day. Currently in my country, I have used digital money a lot, especially for online shopping transactions. someday bitcoin can also be used to pay when shopping online in my country. that's my hope

[wajik-tempe]

I totally agree that bitcoin can be used as a means of payment in the future. There is no hope in my own country, Indonesia. Along with technological developments that are growing day by day. Currently in my country, I have used digital money a lot, especially for online shopping transactions. someday bitcoin can also be used to pay when shopping online in my country. that's my hope

I would not say bitcoin becomes the payment currency because the price is so fluctuative but if crypto that based in fiat just like USDT or other cryptocurrency based on each currency fiat that would be so great because with stable price people hold it more safely and many people will use it compared to using bitcoin as the payment currency

[nimogsm]

This news will not affect the market as a whole in any way, it's just another step to popularize this phenomenon, which is definitely good.If this is the trend of this year and dozens of politicians from leading countries will receive salaries in cryptocurrency, then a more positive outcome for the market is possible.The first steps for taking this way are actually good.

[RiskySanchez]

The news will not change anything with the current market situation because the changes and profits are based on the country itself and do not have a good impact on the world. I read from news that NBA stars like Klay Thompson and Andre Iguodala have also announced that they will be receiving Bitcoin salaries. Is this true ? I think it's illogical how all his salary is converted to BTC. we all know living in the real world requires real and stable money unlike the volatile BTC

[Japinat]

The news will not change anything with the current market situation because the changes and profits are based on the country itself and do not have a good impact on the world. I read from news that NBA stars like Klay Thompson and Andre Iguodala have also announced that they will be receiving Bitcoin salaries. Is this true ? I think it's illogical how all his salary is converted to BTC. we all know living in the real world requires real and stable money unlike the volatile BTC

Although this may seem a positive news, but it will create more impact on the price of bitcoin if they will also use their bitcoin as a currency and not just a good store of value hiding in some pockets. But i think this is just the start of the wider adoption of crypto. In less time, when majority of the people start to realize the worth of bitcoin, they will start to accumulate it and use it to purchase when most of the merchants too start to accept bitcoin. Because if we'll just wait for the government to accept bitcoin, that will be a long waiting game.

[aruldaroy]

~

I do not know who he is, but it's good thing for quite a while that I read someone being paid in the form of cryptocurrency. This kind of made me remember a news long time ago about a company in a certain country having their employees get paid in BTC. I don't particularly remember the actual article as it was long time ago. What just kind bothering me is how can they handle the unstable price of Bitcoin when it dips a little bit in the price? I wonder if the payroll department in their company keeps changing the amount of Bitcoin to be paid.

In my opinion maybe they pay according to their wages even though bitcoin is going down a bit but they certainly have estimated how much BTC they each receive.
Of course there are risks that must be borne by a company.
But it becomes a fortune for them when the price of BTC is expected to rise after receiving a salary.

[ahmia39]

In my opinion maybe they pay according to their wages even though bitcoin is going down a bit but they certainly have estimated how much BTC they each receive.
Of course there are risks that must be borne by a company.
But it becomes a fortune for them when the price of BTC is expected to rise after receiving a salary.

That's a very easy thing to estimate because the price of Bitcoin is always measured by the value of fiat currencies such as dollars, so everyone in this world knows how to do a calculation, because wages or salaries in Bitcoin always vary when they receive it, because the price of Bitcoin is not always the same every time.

[adzino]

Bitcoin is getting smarter now.
In Europe a number of politicians and parliamentarians in various countries have now started to accept Bitcoin as their salary.
And Christophe De Beukelaer who became one of the first European politicians to receive a salary in the form of BTC.
Of course this is good news for bitcoin because bitcoin is increasingly being used by the wider community.
Hopefully with this news bitcoin will bounce back.

They are rich people. They can afford the risk of volatility. This is something most of us cannot. Imagine getting paid in bitcoin and the next day the price drop like 25% all of a sudden. For most of the people it is going to be a huge issue since they will have to pay their rents and bills. They won't be able to hold the bitcoin and they will have to sell it when at loss to cover their expenses. But for people like those politicians, they have some other sources of income which I am sure they receive in Fiat. Hence they are able to but most people aren't. So, it not a big deal that politicians or footballers are accepting salary in bitcoin. It will be a big deal when everyone starts doing that.

[lenovop-70]

A great public pilot movement, and hopefully the crowd will find it easier to accept Bitcoin as a modern world culture. I hope there will be another big movement to civilize Bitcoin in the wider community, as I know some countries are starting to store Bitcoin as state assets. Things like above will make Bitcoin more acceptable massively in the near future.

[michellee]

A great public pilot movement, and hopefully the crowd will find it easier to accept Bitcoin as a modern world culture. I hope there will be another big movement to civilize Bitcoin in the wider community, as I know some countries are starting to store Bitcoin as state assets. Things like above will make Bitcoin more acceptable massively in the near future.

Maybe like we are able to accept bitcoin as a culture that sustains our lives and needs, but what about parents and people who have not used bitcoin and even remote areas that are far from digital information tools, will they also accept bitcoin as a connector for their needs?
I think they need a long time to receive bitcoin massively except for people who live in urban areas that are far from remote areas.

Young people who know about bitcoin and use it can teach people about bitcoin because it can help spread the word about bitcoin. In this technological era, it seems like it would be easier to spread the word about bitcoin and it's a good move if young people who use bitcoin can do that because, at the very least, they can help bitcoin.

Although it will take a long time to receive bitcoins, everything should work out fine with the help of the internet. The hope is that more people can accept bitcoins like us.

[sana54210]

Young people who know about bitcoin and use it can teach people about bitcoin because it can help spread the word about bitcoin. In this technological era, it seems like it would be easier to spread the word about bitcoin and it's a good move if young people who use bitcoin can do that because, at the very least, they can help bitcoin.

Although it will take a long time to receive bitcoins, everything should work out fine with the help of the internet. The hope is that more people can accept bitcoins like us.

Have ever tried to explain old people how to use smart phones? I mean people over 80 are hopeless in that situation, maybe a few exceptions but I can guarantee you 95%+ of them do not get it. People over 60+ right now have probably a 20-30% missing as well, and people under 60 usually have it unless they are too poor to buy one which is harder these days since it is getting dirt cheap.

So, crypto getting at the hands of people over 60 will not happen that easily, under 60 is doable but over 60 there will be maybe 10% of all the people who are 60 that could understand and start using it. That doesn't make sense to spend resources on that. Just focus on new kids growing up every day, there are more and more new kids aging between 15-20 years old. Remember crypto is around 12-13 years old from the concept now, even older to be fair since it was first 2008, there are kids who were born after that and own bitcoin now.

[Hamaber]

Young people who know about bitcoin and use it can teach people about bitcoin because it can help spread the word about bitcoin. In this technological era, it seems like it would be easier to spread the word about bitcoin and it's a good move if young people who use bitcoin can do that because, at the very least, they can help bitcoin.

Although it will take a long time to receive bitcoins, everything should work out fine with the help of the internet. The hope is that more people can accept bitcoins like us.

Have ever tried to explain old people how to use smart phones? I mean people over 80 are hopeless in that situation, maybe a few exceptions but I can guarantee you 95%+ of them do not get it. People over 60+ right now have probably a 20-30% missing as well, and people under 60 usually have it unless they are too poor to buy one which is harder these days since it is getting dirt cheap.

So, crypto getting at the hands of people over 60 will not happen that easily, under 60 is doable but over 60 there will be maybe 10% of all the people who are 60 that could understand and start using it. That doesn't make sense to spend resources on that. Just focus on new kids growing up every day, there are more and more new kids aging between 15-20 years old. Remember crypto is around 12-13 years old from the concept now, even older to be fair since it was first 2008, there are kids who were born after that and own bitcoin now.

But I think not all of the under 60 who have money have invested in bitcoin because I know a number of people not know about it and they are wealthy. But I can guarantee that all of the young generation who have education and know about internet own bitcoin. If all of the under 60 will join crypto and own a fraction of bitcoin then we will see the price of bitcoin to around 1M USD.

[michellee]

Have ever tried to explain old people how to use smart phones? I mean people over 80 are hopeless in that situation, maybe a few exceptions but I can guarantee you 95%+ of them do not get it. People over 60+ right now have probably a 20-30% missing as well, and people under 60 usually have it unless they are too poor to buy one which is harder these days since it is getting dirt cheap.

So, crypto getting at the hands of people over 60 will not happen that easily, under 60 is doable but over 60 there will be maybe 10% of all the people who are 60 that could understand and start using it. That doesn't make sense to spend resources on that. Just focus on new kids growing up every day, there are more and more new kids aging between 15-20 years old. Remember crypto is around 12-13 years old from the concept now, even older to be fair since it was first 2008, there are kids who were born after that and own bitcoin now.

I've taught my parents how to use a smartphone before and I didn't find it difficult because my grandparents were always trying to find out if they didn't know. But maybe they have a hard time accepting overly complicated explanations and I understand it. People over 60+ are pretty much the same, but I guess it will depend on how we can explain it to them because their world is already too different from what we experience. That also applies to people who don't have a broad understanding of the times.

If crypto gets into the hands of people over 60, it will need more attention and help to understand it but as long as you can teach simple things like receiving and sending crypto and how to buy and sell, I think that will suffice. The important thing is not to teach too complicated things so that they get confused. But they might be curious to hear more from us.

[worle1bm]

The term bitcoin is no longer unknown to people and the scenario has changed a lot like now they see profits in it and want to accept it as salary or say invest in it.More and more renowned people have already started accepting it as mode of payment and they will disclose it later on making huge profits so same is happening around the globe.With more adoption this would become normal and not a big deal so expecting it to happen soon.

[Maestro75]

Bitcoin is getting smarter now.

Is not it people are getting smarter and it's not bitcoin.

Bitcoin has been smart all the time but it is the people who refused to see through that in the past. It is good to see politicians beginning to see the need for its use. I want to see or read more about De Beukelaer also talking and convincing his political colleagues to accept bitcoin as salaries too, not only him accepting it. With that more avenues will be opened for bitcoin to grow and spread. Politicians are bitcoin enemies and if they can begin to think like Christophe De Beukelaer then the problem of bitcoin adoption is almost solved.