Conversation

This Tweet was deleted by the Tweet author. Learn more
Replying to
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
1
Replying to
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.
1
1
Replying to
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
1
1
Replying to
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
3
Replying to
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
2
Replying to and
For what it’s worth, I think we will see this more and more with highly visible positions. I bet that political figures (e.g. senators) are next as a way to signal to their support base that they are pro-tech
1