Cointelegraph.comFeatures

Bitcoin payday? Crypto to revolutionize job wages… or not

Speaking at a Chamber of Digital Commerce panel discussion in late February, City of Miami Mayor Francis Suarez noted that his citys employees, like others, are worried about the potential devaluation of the dollar, so he proposed to the Miami City Commission a resolution to allow our employees to take a percentage of their salaries in Bitcoin if they so desired.After all, notes Suarez, The highest-paid player in the National Football League Carolina Panthers offensive tackle Russell Okung wont be earning the most because hes the best player in the NFL but because he asked for 50% of his salary in Bitcoin.The mayors statement may have been a small bit exaggerated Okungs ranking as one of the highest-salaried NFL players at this moment depends on the price of Bitcoin (BTC), as NBC Sports noted in late February. Technically though, Okung gets paid 100% in U.S. dollars, then half is sent to a custody provider that converts it to BTC. But to Suarezs larger point, interest in a crypto wage alternative seems to be growing.If so, it raises some questions: Why take a salary in Bitcoin when there is almost nothing that you can buy with it? Arent there tax implications that still havent been sorted out? What about ongoing BTC challenges like volatility and scalability? And if Bitcoin drops 60% or 70%, who is going to want crypto wages then?Meanwhile, one is hard-pressed to find any company outside the cryptoverse that is paying its employees wages in Bitcoin or …
Story continues on Cointelegraph

Related posts
BitcoinBTC priceCointelegraph.com

Bitcoin price hits $60K after bulls push through a key resistance cluster

Bitcoin price finally pushed through a tough resistance cluster to secure a new all-time high at $60,000. Bitcoin (BTC) hit $60,000 for the first time on March 13 as the long-awaited continuation of the BTC price bull run got underway.BTC/USD…
Cointelegraph.com

The Bitcoin boom: The future of the company balance sheet

Adding Bitcoin and other cryptocurrencies to a company’s balance sheet is essential because the future with crypto is already here. Bitcoin has seen unparalleled growth in early 2021, reaching highs of over $58,000, almost triple its peak of the 2017–2018…
Cointelegraph.comCryptocurrenciesCryptocurrency Exchange

What does it mean to be bullish or bearish in crypto?

Bullish and bearish outlooks on the crypto market can depend on the person holding the view. When talking about markets, both mainstream and crypto, “bullish” and “bearish” often come up in headlines and conversation, although such usage typically depends on…