bitcoin Gold lover, who is among the first names that come to mind when it comes to opposition Peter Schiffpoliticians and top athletes, according to wageThe reason they bought theirs in BTC is because they insured themselves against losing money!
The famous name, CEO of Euro Pacific Capital and founder of the SchiffGold fund, claims that the fees received by the names in question are fixed in USD and are only converted to Bitcoin at the time of payment. According to Schiff, this shows that these names will most likely convert BTC to dollars again.
today @CNBC aired a story about how much professional athletes and politicians who agreed to be paid salaries in #Bitcoin were losing from the price plunge. But their salaries are fixed in dollars and only converted to Bitcoin at the time of payment. They only lose if they #HODL!
— Peter Schiff (@PeterSchiff) January 27, 2022
Salary Payments with Bitcoin
The act of earning a salary with Bitcoin was first initiated in 2020 by NFL star Russell Okung. Famous names such as Odell Beckham, Sean Culkin and Andre Iguodala followed Okung. The attempts of the mayor of New York and finally the deputy of Brussels to get their salaries in Bitcoin came after this action of the NFL stars.
Schiff Still Awaiting Flash Crash For BTC!
Last weekend, when Bitcoin fell to $ 36,500, Peter Schiff took to Twitter again to share that he expects a “flash crash” in BTC if the price of the leading cryptocurrency falls below the level of $ 30,000.