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Belgian MP To Receive Entire Salary In Bitcoin – Says Crypto Adoption Will Be ‘Exponential’ CryptoGlobe

Vladislav Sopov by Vladislav Sopov
January 29, 2022
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Belgian MP To Receive Entire Salary In Bitcoin – Says Crypto Adoption Will Be ‘Exponential’ CryptoGlobe
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Belgian MP To Receive His Entire Salary In Bitcoin – Confident Crypto Adoption Will Be “Exponential”

A member of the Brussels Parliament, Christophe De Beukelaer, claims that he will receive his entire salary in bitcoin this year. He believes the technology will disrupt all industries and crypto adoption will be “exponential”.

Belgian MP Says He’ll Get His Full Salary in Bitcoin – ‘We Can’t Ignore This New World Anymore’

Christophe De Beukelaer, member of the Brussels Parliament, said in a blog post on his personal website that he would receive his 2022 salary in bitcoin.

The legislator explained that “with the blockchain, we are at the dawn of a revolution of the same order as what we experienced with the internet 30 years ago”. He believes that all sectors “will be turned upside down”, adding that in other countries, “big institutions are starting to invest heavily in crypto-assets in order not to miss this gigantic opportunity”.

Noting that “it is the role of politicians to make the population aware of these societal changes that are coming”, he stressed:

We can no longer remain ignorant of this new world. It’s a bit like clinging to the carriage or the candle as cars and light bulbs appear. Adoption is going to be exponential.

To generate interest around bitcoin and the crypto industry, the lawmaker has “decided to convert his entire salary for all of 2022 to bitcoin,” the post details.

The legislator considered:

I am the first in Europe, but not in the world, to want to shine the spotlight on cryptocurrencies with such an approach.

He then referred to New York City Mayor Eric Adams receiving his first three paychecks in cryptocurrency. His first paycheck was recently converted to bitcoin (BTC) and ether (ETH) via Coinbase. Mayor Adams said he converted his paycheck to bitcoin to send a message that New York City is open to technology.

“I think it’s not too late for Brussels and Belgium to be at the forefront of the cryptocurrency industry. We already have some great companies in the field… but it’s time to position ourselves clearly and create a real ecosystem,” concludes De Beukelaer.

What do you think about the lawmaker planning to receive his entire salary in bitcoin? And, do you agree with him that crypto adoption is going to be exponential? Let us know in the comments section below.

Kevin Helms

An economics student from Austria, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

Image credits: Shutterstock, Pixabay, Wiki Commons

Warning: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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