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The article mentions he’s splitting half fiat half Bitcoin. He’s making $13 million a year so even if half of that vaporizes (it won’t) he’ll still have plenty
by almost_usual 6y ago
The article mentions he’s splitting half fiat half Bitcoin.
He’s making $13 million a year so even if half of that vaporizes (it won’t) he’ll still have plenty.
- rwmj 6y agoI'm sure he won't starve, but that doesn't address the fact that he'll still have to pay tax on the vapourised "money", and I'm sure he'd feel pretty stupid about having thrown away millions of dollars. I'm afraid I simply cannot see any benefit. Why not get half his salary in gold or TSLA? If he thinks bitcoin is so good, why doesn't he buy bitcoin after being paid in real money?
- nrmitchi 6y agoBecause buying bitcoin after being paid in "real" money doesn't generate as many "bitcoin to the moon!" news articles that contribute to driving up the price of bitcoin.
- rwmj 6y agoIs the right answer. I sure hope he's getting paid (in real money) to promote bitcoin enough to offset his risks.
- aqme28 6y agoHow is he throwing away money? He still has to pay income taxes in USD no matter how he's paid. This is just him skipping the step of purchasing his own bitcoin.
- rwmj 6y agoI didn't say that. I was replying to a comment about the bitcoin being "vapourized" (falling in value substantially), and if that happened he's going to feel pretty stupid about throwing away half his salary. Versus being paid in real money and then deciding out of a basket of investments to put a small amount into bitcoin.
- harryh 6y agowhy doesn't he buy bitcoin after being paid in real money It turns out that this is actually what he's doing. The headline is wrong/clickbait.