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Realistically, OBJs financial team did the prudent thing & cashed out the 40% he owed as income tax at time of receipt, transferred it to USD, resulting in a trade with 0 capital gain or loss If the remaining BTC is still in his account (I bet it is), this trade is still ongoing
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My point is, there was zero advantage to having it linked to income in the first place in the case of a completely public asset with such high liquidity.
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One benefit is passing on any exchange related fees to your employer. If you’re buying $750,000 worth of BTC you need to pay a fee to Coinbase. If you receive it as income you only need to pay that fee once when you cash out to USD Disclaimer: I take my salary in ETH
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That is different because so many good work opps working *within* crypto are in projects that have no fiat infrastructure... I view that use case as the same as accepting a foreign currency when working for a client in a foreign country, but this is a football player
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I don’t know if I agree. If I was a professional athlete AND I wanted to invest in crypto AND I knew that doing it in the most public way possible would have a non-zero impact on price… I would opt to receive it as salary rather than making a big splashy lump sum purchase
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hehe, I think only elon and the big investment banks have enough klout to move the big cryptos now, all other celebs can only move the shitcoins
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(I presume you're working in crypto for that pay) Taking non-crypto work paychecks in crypto feels convoluted like me taking payment in yen for working in the US for a US client
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