Post
Topic
Board Bitcoin Discussion
Re: Bitcoin as primary currency
by
LogitechMouse
on 14/09/2021, 11:12:53 UTC
Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?
Accept your salary in Bitcoin, budget it and you're done.
When I say budget, I mean put a percentage of it into holdings and another percentage into bills (you convert it into your own currency and then you will use it to pay bills) etc.

You want to hold at least 80% of your salary in Bitcoin. You have 2 options. If you're company that you are working wants you to pay into Bitcoin then hold all of it and on the other hand, find a side hustle that will help you pay your monthly bills and expenses. Another option is when your company didn't want you to be paid in Bitcoin then you must convert your salary into Bitcoin, all of it and then find another side hustle that will help you pay your bills Smiley.

Now to answer your question whether Bitcoin will be used as a primary currency, that will not happen. People will prefer to pay using fiat than Bitcoin. Not all of the people in the world have access to Bitcoin or crypto in general but all of the people have access to paper money like fiat currency.