Bitcoin for salary? Belgian MP says why not

Sahana Kiran
Source – Pixabay

The onset of the crypto revolution gave rise to an array of individuals demanding to be paid in Bitcoin and other cryptocurrencies. Belgian MP, Christophe De Beukelaer was the latest to catch the crypto bug as he intends to convert his salary into Bitcoin.

Despite being over a decade old, BTC was constantly thrashed by several politicians over the years. As the value of the coin kept surging, individuals started flocking into its market. Last year, the Mayor of Miami, Francis Suarez took a bold step and sprinted into the crypto-verse. Not only did he embrace Bitcoin, but also pledged to convert Miami into a crypto hub. This gave rise to several politicians doing the same.

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Walking in a similar path, Christophe De Beukelaer a member of the Brussels parliament, decided to convert all of his 2022 salaries into BTC. With a monthly salary of EUR 5,500, the MP would become the first politician in Europe to do so.

The Belgian MP took to his official Twitter account to affirm the news. He tweeted,

Not too long ago, New York City Mayor Eric Adams dived deep into the crypto-verse. Similar to the Miami Mayor, Adams wanted to make NYC a Bitcoin hub. Further taking inspiration from his counterparts, Beukelaer hoped onto the Bitcoin bandwagon.

Further elaborating on the same, he said,

“New York City Mayor Eric Adams has spent three months collecting his Bitcoin salary to make New York the Bitcoin hub. I think it is not too late for Brussels and Belgium to play a leading role in the crypto-currency industry.”

Bitcoin for salary

Moving over politicians, several athletes were seen accepting payments in Bitcoin this year. NFL’s Odell Beckham Jr, Trevor Lawrence, New York Giants’ Saquon Barkley, and many others joined the trend.

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Furthermore, recently, NBA players, Klay Thompson and Andre Iguodala from the Golden State Warriors announced that they would accept their salary in BTC.

While Bitcoin continues to trade below the $40k mark, the popularity of the coin has certainly not taken a hit.