A friend of mine in our discussion today about Bitcoin was insisting that salaries and wages be paid in Bitcoin in some countries.
I was of the opinion that the government will not allow fiat to be replaced by Bitcoin .so what is your take on this will it be a positive move on the Bitcoin ecosystem or not
For me, I think this can only be done only in Bitcoin-legalized countries, such as "El Salvador" and "Central African Republic" or in a crypto-related company/Exchange such as "Binance, Coinbase, Coinmarketcap" e.t.c where everybody understands the usefulness of Bitcoin and a worthy asset for store of value for the future. Because of what benefits will it be paying salaries in Bitcoin, whereby after the payment being made, the user converts it to fiat immediately for daily use, as such people will definitely miss the bull if the price of Bitcoin happens to rise, as they are only familiar with Bitcoin for transactional purpose and not investment purpose, which is where the profit lies.